The Medicare for All bill is a winner | By Jeffrey Sachs, a professor and director of the Center for Sustainable Development at Columbia University, via CNNOpinion
Jeffrey Sachs is a professor and director of the Center for Sustainable Development at Columbia University. The opinions expressed in this commentary are those of the author; view more opinion articles on CNN.
Rep. Pramila Jayapal introduced a sweeping Medicare for All bill on Wednesday , and the national debate on healthcare is bound to intensify through the 2020 election. Voters rank healthcare costs as their second most important priority, just after the economy.
If properly structured, MFA can do that: cut costs while improving choice. Medicare for All has come a long way since Sen. Bernie Sanders launched his 2016 presidential campaign on that theme, while fellow Democrats ran from the label. Sanders also faced the wrath of mainstream pundits like Paul Krugman, who described Sanders' healthcare plan as"smoke and mirrors.
What is Medicare for all? 03:01With the mergers and closures of hospitals during the past 20 years, driven by for-profit medicine, this market power has soared, and so too have monopoly profits and healthcare costs facing consumers. Check out the CEO compensation of the big systems providers -- $59 million for Aetna, and $44 million for Cigna in 2017 -- or the salaries of the executives of the"not-for-profit" hospitals in your area, often running several million dollars per year.
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