-Without corprate middlemen trying to maximize shareholder value, how far does the existing pool of money go?
great question and very hard to answer.
Medicare is touted as being efficient but one of the reason why it's efficient is that they pay for everything. They are easy to steal from. There is no underwriting for the purposes of pricing the premiums like we have in the marketplace.
Doesn't mean it's bad...it's just different.
And many of the big players in health insurance are mutual companies....not stock companies.
Do I think a medicare for all is better after all the pluses and minuses? yes. But it's difficult to compare.
we are so fat and unhealth as a nation, it's hard to know what to expect if we changed the distribution system....but I suspect our health outcomes would improve.