Health Care-Insurance Solutions

How the US could afford ‘Medicare for all’

<embed>https://theconversation.com/how-the-us-could-afford-medicare-for-all-124462</embed> The Conversation 10/04/2019

Striking the words “over 65” from the Medicare statutes was an idea championed by the late Sen. Daniel Patrick Moynihan.

Moynihan, who held several roles in the Kennedy and Johnson administrations, was an original architect of the War on Poverty and a central figure in the evolution of health care policy in the latter half of the 20th century.

Many original Medicare advocates intended it to be the basis for universal health insurance. A key reason it serves so well as the foundation is that it includes a funding mechanism – the 2.9% Medicare payroll tax paid by you and your employer, alongside modest monthly premiums.