This week’s IGM Economic Experts Panel statements:
A) Replacing the current US health insurance system (including employer-based health insurance, ACA exchange policies, and Medicaid) with universal ‘Medicare for All’ (mandatory enrollment in a modified version of the existing traditional Medicare program with drug coverage and no cost-sharing of any form, and current Medicare reimbursement rates) funded by federal taxes would lead to lower aggregate medical debt among patients.
B) Replacing the current US health insurance system as outlined in a) would lead to lower aggregate innovation in the pharmaceutical industry.
C) Replacing the current US health insurance system as outlined in a) would improve health outcomes for the majority of the population.
Keyword: medical debt
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