- 4,716
"Medicare for all" will create larger deficits and ration health care more than it is now.
Well now there are other ways to look at this.
Lets say for example US GDP is $100 a yr and healthcare spending is $20 a yr.
Healthcare spending relative to GDP in this example is 20%.
Now lets suppose Medicare for all reduces healthcare spending to $15 a yr.
Now as a result of people not having to spend so much time, energy and lost productivity on health insurance decisions and all the morass that goes with it our GDP goes up to $120 a year. Our healthcare spending relative to GDP is now at 12.5%.
Very simple example I know....just something to consider.