Last week in a congressional hearing, I had the chance to question experts about the practices of private insurance companies.
John,
Last week in a congressional hearing, I had the chance to question experts about the practices of private insurance companies. What I learned perfectly illustrated why we need a Medicare for All healthcare system, and why it would save all of us money and lead to better health outcomes.
Private insurance spends 17 times more on administrative costs than Medicare. Whereas Medicare spends just about $1 out of every $100 they receive on admin costs, insurance companies are spending billions on:
- TV ads
- Stock buybacks
- Marketing (think those giant sports stadiums named after insurance companies)
- Executive compensation that reaches into the *tens of millions* per person per year
Our healthcare system should prioritize patients, not profits. If you’re with me, sign my petition to show your support for Medicare for All.
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One of the main concerns I hear from constituents is that a Medicare for All system would mean they couldn’t choose their doctor. But the reality is that you would have more choice under Medicare—99% of non-pediatric doctors participate in Medicare.
Medicare for All would allow doctors to spend more time with patients and less time with paperwork. Right now, just a quarter of a doctor’s workday is spent with patients.
And with the billions we would save though a Medicare for All system, we could finally invest in expanding Medicare to cover things like hearing aids and eyeglasses.
Medicare for All saves everyone money and delivers better healthcare. For years, politicians and Big Insurance companies have stood in the way of reform, but I promise I’ll keep pushing for a system that truly serves patients.
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Chip in ›››Thanks for being a part of Team Porter,
Katie
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Congresswoman Katie Porter is fighting for affordable child care, lower cost prescription drugs, climate action, and a strong, stable, globally competitive economy that works for everyone. She’s standing up to corporate special interests and doesn’t take any money from corporate PACs or lobbyists, so we rely on grassroots supporters like you pitching in when they can. Make a contribution today.
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