Medicare-for-all is a popular Democrat policy proposal, but its effects would be devastating to the economy and the health care sector. Fox News reports:
Rep. Pramila Jayapal, D-Wash., the lead House sponsor of the sweeping “Medicare-for-all” health care plan, said this week that her proposed program would force about 1 million employees of private health insurance companies out of their jobs.
She made the remarks during a town hall at American University, while stressing her goal to try and help those “displaced” by a shift to a government-managed health care system.
“There are a lot of people who work in the private insurance industry,” Jayapal said. “We have thought carefully about how we’d take care of those folks because we think those people are very important.”
In video taken by conservative group “America Rising,” she predicted “there’s about a million people we think will be displaced if ‘Medicare-for-all’ happens” and then outlined how her bill would “take care” of those people whose jobs are made redundant.
Without even considering the health care quality that would deteriorate in a government run system, the close to 1 million workers would lose their jobs, creating a recession that would impact the economy and many more Americans.