By Sally Pipes
Fox News, Feb. 3, 2019
Medicare for All proposes reimbursing doctors and hospitals at Medicare’s current rates, which are 40% below what private insurance pays. Health care providers are unlikely to just absorb those cuts. Those with narrow margins may be forced to close, unable to cover their costs. Some doctors may respond to lower payments by seeing fewer patients, retiring early, or leaving the practice of medicine altogether. Bright young people may decide not to pursue careers in medicine, given that Medicare for All will limit their earning power. Regardless, ratcheting down the price of care by force is going to cause health care providers to supply less of it. And that will lead to longer waits for patients. Click here to read more.