Medicaid, Medicare reflect 59% of revenue for 5 largest commercial insurers
Don't be fooled. Medicare for All doesn't deny insurance companies their profits. It guarantees them. Medicare is insurance that government buys for us, with tax dollars, from private vendors - generally the same bastards who have been screwing us all in the traditional insurance market. The only difference is that we don't have any say in it. The government sits down with insurance industry lobbyists and decides what kind of health care we'll get. Pretty much the same as ACA, albeit with even less input from consumers.
Don't be fooled. Medicare for All doesn't deny insurance companies their profits. It guarantees them. Medicare is insurance that government buys for us, with tax dollars, from private vendors - generally the same bastards who have been screwing us all in the traditional insurance market. The only difference is that we don't have any say in it. The government sits down with insurance industry lobbyists and decides what kind of health care we'll get. Pretty much the same as ACA, albeit with even less input from consumers.
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