Question

woul medicare for cost more or less for poor ? argument by giving references and economic point of view.

Answer 1

Medicare would cost less for the poor as the eligible beneficiaries who have limited income may qualify for government programme that help them to pay for Part D Prescription drug costs.Beneficiaries receiving the low income subsidy (LIS) get assistance in paying for their Part D monthly premium,annual deductible, coinsurance and copayment .

If they(poor) have low monthly income and minimal assets,they may be eligible for coverage through Medicaid to pay Medicare costs like copays and deductible and for health care not covered by Medicare such as dental care and transportation to medical appointment.

Joe Sanberg, an entrepreneur and investor explains that Medicare for All will create more jobs and deliver higher wages for workers.It will also help business compete globally .Today more US companies are in the health care business in addition to their primary business even if they don't want to be .Although they spend $880 billion a year on worker health benefits.

Medicare for All also would spawn entrepreneurship . Individual would not have to worry about going without health care coverage if they took risk of starting a business that did not ultimately succeed .Today many Americans feel obligated to work for businesses that deliver them health care benefits.