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Dennis J Bernstein — The Push for a Medicare-for-All Plan

Summary:
Sen. Bernie Sanders has unveiled a new single-payer healthcare plan which would provide all Americans with government-sponsored health coverage. Sanders’s plan, supported by some 16 Democrats in the Senate, calls for an overhaul of the healthcare system with what would essentially be a tweaked and revitalized version of Medicare-for-all. “Today we say that a function of a rational healthcare system is to provide quality care to all in a cost-effective way,” declared Sanders, an independent from Vermont, “and not to continue a system which allows insurance companies and drug companies to make hundreds of billions in profits each year and makes healthcare industry CEO’s extremely wealthy.” Flanked by supporting senators in making his Wednesday announcement, Sanders also noted that a

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Sen. Bernie Sanders has unveiled a new single-payer healthcare plan which would provide all Americans with government-sponsored health coverage. Sanders’s plan, supported by some 16 Democrats in the Senate, calls for an overhaul of the healthcare system with what would essentially be a tweaked and revitalized version of Medicare-for-all.
“Today we say that a function of a rational healthcare system is to provide quality care to all in a cost-effective way,” declared Sanders, an independent from Vermont, “and not to continue a system which allows insurance companies and drug companies to make hundreds of billions in profits each year and makes healthcare industry CEO’s extremely wealthy.”
Flanked by supporting senators in making his Wednesday announcement, Sanders also noted that a Medicare-for-all program would end “the complexity of a system which adds enormous stress at a time when people need it the least.”...
Consortium News
The Push for a Medicare-for-All Plan
Dennis J Bernstein
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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