Medicare for All Proposal

Medicare for All ProposalAs the 2020 election battle heats up, Senator Bernie Sanders has been advocating Medicare for All , also known as House bill H.R. 1384. This legislation aims to extend Medicare benefits to include long-term care. According to a recent poll, two-thirds of American adults favor long-term care programs. Although many U.S. citizens think that Medicare benefits cover this, it does not. Medicaid, which is different, only provides long-term benefits to people in the low-income category. To qualify, many have to spend almost all of the money they have saved up during their lives.

Private long-term care insurance is costly, and only around seven to eight million people have it. To qualify, applicants must pass health screenings. H.R. 1384 aims to cover nursing home costs, and would also focus on community-based and home-based care options. Various House Representatives have shown support for the bill.

Expanded Benefits

The new bill plans to replace private health insurance with a plan paid by the government and funded by higher taxes. People of all ages can qualify for Medicare for All if they have a disability, injury, or age that prevents them from carrying out activities of daily life, such as dressing, eating, bathing, taking medication, or handling their finances. Further stipulations would include no deductibles, no co-pays, and no income restrictions.

In a CNN interview, Sanders explained that Medicare recipients would be able to choose any physician or medical facility. The plan would also cover dental work, eyeglasses, hearing aids, housekeeping, adult day care, and in-home health tools, such as safety grab bars.

Paying for the Bill

Program estimates have varied widely. According to Sanders’ website, it would cost around $1.38 billion each year. Others estimated the cost closer to hundreds of billions per year. Long-range approximations vary from $25 to $36 trillion for a 10-year period; supporters believe that these estimates are too high. Regardless, the program could significantly increase taxes.

Chances of the Bill Passing

A professor at the University of Massachusetts Boston and gerontology researcher feels that the plan is unaffordable, but added that the current long-term insurance situation is a problem. However, he thinks that addressing the topic is a step in the right direction. Its high costs and lack of Republican support will likely prevent its passing, but the subject of government-run long-term care is being debated. It is widely predicted that health care will remain a topic of the upcoming presidential election.

Long Island Elder Law Litigation Lawyers at Korsinsky & Klein, LLP Protect the Rights of Elders

If you have questions or concerns about Medicaid, the Long Island elder law litigation lawyers at Korsinsky & Klein, LLP can help. To get started, call us today at 212-495-8133 or contact us online. With offices in Brooklyn, New York, and Lakewood, New Jersey, we proudly represent clients in Manhattan, Long Island, and Westchester, New York.