I'm a Dedicated Capitalist, Yet Universal Medicare Is the Best Solution for US Healthcare

Out-of-pocket costs. In-network. Non-preferred providers. Premium health services. Out-of-pocket expenses. Co-payment. Shared insurance. Insurance consultants. Coverage agents. Healthcare consultants. ACA. Health Maintenance Organization. Preferred Provider Organization. EPO. POS. HDHP. HSA. Flexible Spending Account. HRA. Explanation of Benefits. Consolidated Omnibus Budget Reconciliation Act. Small Business Health Options Program. Single coverage. Dependent coverage. Insurance subsidies.

Confused? It's understandable. Who comprehends this complex system? Certainly not the average business owner. Neither the average employee. Choosing the right medical coverage for our business – or for households – appears to require demands a PhD in medical insurance.

The Healthcare System Is More Than Complicated, It's Expensive

Based on a recent study, the average family pays $27,000 each year on medical coverage (increasing by 6% from last year). The average company healthcare expense is projected to exceed $17,000 per employee by 2026, an increase of 9.5% compared to 2025.

Currently the government is shut down because partisan disputes regarding subsidies that experts say will lead to premium increases up to 100% for numerous US citizens.

When Will We Seriously Consider National Health Insurance?

How soon might we genuinely evaluate universal healthcare coverage in the United States? I have to believe we're getting closer since this can't continue.

I'm not proposing national healthcare. I'm proposing that our already existing Medicare program – an insurance system – merely extend to include all citizens. The existing system doesn't change. How medical professionals receive payment would change. Believe me, they will adjust.

How Universal Coverage Could Function

A national health insurance program would require contributions from workers and companies. In comparable systems, a worker earning moderate income pays about five point three percent toward medical coverage. The company pays approximately thirteen point seventy-five percent.

Does this appear expensive? Unless you contrast it to what the typical American pays. I can name multiple businesses that are routinely paying anywhere from eight to fifteen percent of their employee wages to their healthcare costs. And keep in mind that in comprehensive systems, these contributions include pension plans, sick pay, maternity leave and job loss protection in addition to supporting medical services. When you add those costs versus what we pay on retirement programs, job loss coverage and paid time off, the difference decreases.

Execution in the US

For America, universal healthcare funding would raise existing Medicare taxes, a framework that is already in place. It should be income-adjusted – wealthier individuals would contribute higher amounts than lower-income earners. This includes both an employee and employer contribution. Similar to much of federal defense, IT, social programs and transportation services, the system could be managed by private contractors rather than federal agencies.

Advantages for Entrepreneurs

Universal healthcare coverage represents a huge benefit for entrepreneurs like mine. It would place small companies in equal competition with our larger competitors who can afford superior coverage. It would render management much easier (automatic payroll withholding processed similarly to social security and healthcare taxes, instead of separate payments to benefit firms and insurance providers).

It would enable it easier to plan expenses our yearly costs, rather than going through the complex (and ineffective) theater of bargaining with major insurers that we must do every year. Because it's simplified, there would be improved comprehension about benefits among workers – contrasted with the current system where they have to interpret the complications of current options. Additionally there would certainly be less liability for employers since we wouldn't would be privy to our employees' medical records for risk assessment and different options.

Free-Market Viewpoint

I'm as capitalist as possible. However I recognize that government has a significant role in society, including national security to supporting needed infrastructure. Providing healthcare to all via universal healthcare strengthens economic foundations. It represents superior, easier system for entrepreneurs that employ the majority of American employees and fund half the economic output. It enables employees to enjoy better health, come to work more often and be more productive.

Addressing Concerns

Exist numerous factors I'm not addressing? Of course there are. But with rising medical expenses we've seen in recent years, it's evident that current healthcare legislation isn't functioning effectively. And I realize that America isn't a compact European nation where major reforms are easier to implement. But expanding universal Medicare, despite increased taxation that would be incurred, would still be a better and more affordable approach for not only controlling healthcare costs but providing access for all citizens.

Need for Realistic Evaluation

We as Americans, we need to tone down our own arrogance. America's medical care isn't exceptional. The US places significantly behind numerous nations with the best healthcare globally, according to comprehensive research. Maybe one positive aspect in this present circumstances is that we undertake serious examination in the mirror and acknowledge that big changes are necessary.