The latest about public option health care.
Believe it or not, but most Americans like private health insurance. A recent study found that over half of voters oppose Medicare for All if it means it would eliminate private coverage. Many moderate lawmakers are well aware of these polling figures, which is why they’re calling for an expanded version of Medicare or the creation of a new government-run plan to compete against private insurers.
Unfortunately, Medicare for All or a public option would be disastrous. Each would raise taxes, reduce the quality of care, and eliminate the private health coverage that most consumers have and enjoy.
Many Americans would understandably switch from private insurance to the public option. In turn, hospitals and doctors would raise prices for the privately insured to compensate. Insurers would then be forced to hike premiums in response in order to cover providers’ higher payment demands.
In a recent poll, more than eight in 10 Americans with private coverage rate their policy as good or excellent. What’s more, 92 percent of U.S. residents have health insurance. Implementing a new plan would mean a lot of disruption for a health insurance system that works well for most people.
It would be far easier and well-received to expand access to coverage through our existing private, employer-driven system than to launch a government takeover of health insurance.
Do you have questions regarding your health insurance? Then don’t hesitate to contact the experts at Donald Weiss Insurance Services. Our dedicated team is ready to assist you with all your insurance needs.