Medicare for All: An Idea Whose Time Has Come
NOVANEWS
By Stephen Lendman
Global Research
Marketplace medicine prioritizes profits over human health. In America, it leaves growing millions uninsured.
Most others are way underinsured because exponentially rising costs of coverage are unaffordable for most US households, double the cost in other developed nations, things worsening, not improving.
Long ago, insurance providing good coverage was affordable, polar opposite how things are today.
When I finished school in 1960, healthcare as a percent of GDP was 5.1%. In 2002, it was 15%, in 2017, 18%. By 2020, it’ll likely exceed 20%.
In inflation-adjusted 2010 dollars, average annual per capita US healthcare spending rose from $1,082 in 1960 to $10,348 in 2016, increasing more annually, average incomes failing to keep pace.
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