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Here’s how ‘Medicare for All’ would affect every part of the $3.5 trillion US healthcare system

Business Insider Logo By Clarrie Feinstein,Joseph Zeballos-Roig of Business Insider | Slide 1 of 7: 
  "Medicare for All" sound like a simple idea: Everyone in the
  US would receive comprehensive healthcare coverage from the
  government.
  
  The reality of implementing that idea is far more complex. It
  would represent the biggest reshaping of the $3.5 trillion US
  healthcare system in more than half a century.
  
  Though some specifics are missing on how Medicare
  for All would likely work, we can start gauging the effects
  some of the proposals could have on insurers, drug companies,
  employers, patients, providers and hospitals.  
  
  
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    Insider's homepage for more stories.
  

  "Medicare for All" sound like a simple idea: Everyone in the US
  would receive comprehensive healthcare coverage from the
  government.

  But the reality of implementing that idea, which has become a
  
  major focus of debate among the contenders to be the 2020
  Democratic presidential candidate, is far more complex. It would
  represent the biggest reshaping of the $3.5 trillion US
  healthcare system in more than half a century.

  The 2020 Democratic candidates for president all agree on
  creating a more robust healthcare safety net, but they 
  disagree on how to do it. Those on the party's left wing like
  Sen. 
  Bernie Sanders and Sen. 
  Elizabeth Warren envision a government-run insurance system
  where Americans get relatively comprehensive coverage, leaving
  
  little role for private insurance.

  More 
  moderate candidates like 
  Beto O'Rourke and 
  Joe Biden would preserve the current system, while expanding
  the availability of government-run public options and injecting
  more federal subsidies into the exchanges set up under the
  Affordable Care Act.

  Candidates have proposed incremental or sweeping healthcare
  reform plans, but Sanders' 
  Medicare for All bill is the one that's furthest along.
  Sanders has authored a bill which 
  has 14 co-sponsors in the Senate, including fellow 2020
  candidates Warren, Sen. 
  Kamala Harris, Sen. 
  Cory Booker, and Sen. 
  Kirsten Gillibrand. It would do away with private insurance
  insurance and provide care to everyone without costs such as
  co-pays or deductibles.

  Sanders has proposed 
  several different taxes to help pay for the plan.

  There is a lot of speculation on what would happen to all the key
  players in the healthcare system if a single-payer plan such as
  Medicare for All gets passed. Though specifics are missing on how
  Medicare for All would be fully implemented, we can start gauging
  the effects some of the proposals could have, based on analysis
  from groups including the nonpartisan Kaiser Family Foundation,
  Mercatus Center, and Urban Institute.

  Read on to see what Medicare for All would mean for every part of
  the US healthcare system: insurers, drug companies, employers,
  patients, providers and hospitals.


"Medicare for All" sounds like a simple idea: Everyone in the US would receive comprehensive healthcare coverage from the government.

But the reality of implementing that idea, which has become a major focus of debate among the contenders to be the 2020 Democratic presidential candidate, is far more complex. It would represent the biggest reshaping of the $3.5 trillion US healthcare system in more than half a century.

The 2020 Democratic candidates for president all agree on creating a more robust healthcare safety net, but they disagree on how to do it. Those on the party's left wing like Sen. Bernie Sanders and Sen. Elizabeth Warren envision a government-run insurance system where Americans get relatively comprehensive coverage, leaving little role for private insurance.

More moderate candidates like Beto O'Rourke and Joe Biden would preserve the current system, while expanding the availability of government-run public options and injecting more federal subsidies into the exchanges set up under the Affordable Care Act.

Candidates have proposed incremental or sweeping healthcare reform plans, but Sanders' Medicare for All bill is the one that's furthest along. Sanders has authored a bill which has 14 co-sponsors in the Senate, including fellow 2020 candidates Warren, Sen. Kamala Harris, Sen. Cory Booker, and Sen. Kirsten Gillibrand. It would do away with private insurance insurance and provide care to everyone without costs such as co-pays or deductibles.

Sanders has proposed several different taxes to help pay for the plan.

There is a lot of speculation on what would happen to all the key players in the healthcare system if a single-payer plan such as Medicare for All gets passed. Though specifics are missing on how Medicare for All would be fully implemented, we can start gauging the effects some of the proposals could have, based on analysis from groups including the nonpartisan Kaiser Family Foundation, Mercatus Center, and Urban Institute.

Click through the slideshow to see what Medicare for All would mean for every part of the US healthcare system: insurers, drug companies, employers, patients, providers and hospitals.

© Reuters/Gary Cameron

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