Correct. I work in healthcare finance, and can guarantee you that a "Medicare for all" system would bankrupt all US Healthcare providers almost instantly.
The real question is: why don't Americans understand how much they are already paying for other people's healthcare? If you get treatment at a provider that receives DSP reimbursements, you are not only paying for medicare but paying again out of pocket to subsidize that hospital for providing financially unsustainable medicare treatments.
We're all waiting for California to prove that Universal Healthcare is possible at scale in the US. Smart money isn't holding their breath though- lawmakers know it would be career suicide to give them what they wish for.
The real question is: why don't Americans understand how much they are already paying for other people's healthcare? If you get treatment at a provider that receives DSP reimbursements, you are not only paying for medicare but paying again out of pocket to subsidize that hospital for providing financially unsustainable medicare treatments.
We're all waiting for California to prove that Universal Healthcare is possible at scale in the US. Smart money isn't holding their breath though- lawmakers know it would be career suicide to give them what they wish for.