Greetings. I live in Long Lake and have been a member of the Campaign for NY Health for the past five years. The Campaign’s sole objective is the enactment of the NY Health Act into law.
For those of you who may not be familiar with the term, “single-payer” healthcare in the U.S. is so called because the government, whether national or state, becomes the sole payer to treatment providers for the costs of all medical services, including dental, optical, pharmaceutical, long-term care and mental health, incurred by their subscribers. It’s a role now played by the Center for Medicare and Medicaid Services (CMS) for persons 65 and older who are recipients of Medicare and for those who are recipients of Social Security Disability Benefits. When and if single-payer is enacted, commercial or private for-profit health insurance companies, the primary healthcare payers for their subscribers for the past fifty years, will be proscribed from selling private insurance policies and no longer play that role; which explains, in large part, the fierce opposition to single payer’s passage into law. Billions of dollars are at stake.
Medicare for All or Medicare At All?
By 2030, traditional Medicare (TM) as we know it, particularly those of us who depend on it for our health care, just might cease to exist, marking the end point of fifty years of attempted privatization and the gradual transfer of Medicare’s Trust Funds and their management to private for-profit insurance companies. Lots of money is at stake – over $900 billion in benefits were paid in 2020 to almost 63 million subscribers. Wall Street private equity firms are salivating.
Backstory: How did this happen? Can it be stopped? It began soon after the Medicare program became law in 1965, enacted to ensure that older Americans would have ready access to good health care as they aged and became ill. By 1973, Medicare had proved so popular that Nixon identified rising health care costs as a serious budget problem and took the following steps to contain them:
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