Recent Reports & Activities
NPR reports that over the past 3 years, Medicare has been overcharged an excess of $30 billion by different health insurers, and recuperating the money is a slow and difficult process. Medicare Advantage plans are the cause of this crisis.
Sen. Michael Bennet is one of the Democratic Party’s chief mouthpieces for private insurance, promoting “Medicare X,” a plan that maintains private health insurance as its centerpiece. As a major recipient of money from insurance, PhARMA, hospitals and other segments of the medical industrial complex, Bennet adopts many of industry’s talking points, as former insurance executive and whistle blower Wendell Potter describes in this February 11, 2019 article that will continue to resonate into the coming year and months of presidential campaigning.
Phil Galewitz, from KHN Kaiser Health News, examines why an increasing number of businesses support universal health care. The rising costs in our current system is certainly one of the reasons. He interviewed several people, including Richard Master who stated “Insurance companies are not watching the store and don’t have incentives to hold down costs in the current system.”
Research & Analysis (PNHI)
It is Time to Discontinue Employer Provided Private Health Insurance Premiums, a Non-Taxable Remuneration (Fringe Benefit)
Employers have provided private health insurance as remuneration (fringe benefit) for workers since WWII. Beyond 1980, this benefit has become more destructive than beneficial. (See the New York times article written by Matt Bruenig on April 29, 2019).
Understanding current Medicare structure and law leads to a logical extension of Medicare that includes all Americans. HealthCare for All Colorado Foundation provides a summary that defines implementation of a financial plan for an Extended Medicare (aka Medicare-for-All).
Eldon Van Der Wege, MBA and
Thomas Billroth Gottlieb, MD
This paper describes the structure of Medicare funding as defined today. The future expansion and improvement of Medicare is further defined with a funding source already defined by existing federal law.