Should we replace Medicare with private insurance? | The Tylt
Should we replace Medicare with private insurance?
Many point out private insurance companies have no profit incentive for ensuring seniors, and would likely only do so at exorbitant rates that many could not afford. Phasing out Medicare would result in phasing out healthcare for millions of Americans.
Many say Ryan's term "privatize" is a dangerous euphemism for what he wants to do to Medicare, one that the media should not adopt. According to editor Josh Marshall of Talking Points Memo:
You'll hear lots of people calling this "reform" and other catchwords. But Medicare is a single payer, universal health care system. Replacing it with private insurance means getting rid of it. Even calling it "privatization" masks what is really afoot.
But many Americans are opposed to any sort of national health care system, even one for the poor or the elderly. Many people argue private enterprise will always be able to distribute benefits better than any government entity.