The American Medical Association, the nation’s largest doctors group, narrowly voted to maintain its long-standing opposition to “Medicare for all” and other proposals for single-payer medicine.
This is a good thing. “Medicare for all” would require us to double our annual tax burden, leaving a void of nearly $140 billion from our current profit-based system that funds 44% of the world’s medical research and development. It would eliminate private health insurance, obliterate reimbursement rates to physicians, and deplete the majority of the world’s pharmaceutical profits, presumably halting further drug development.
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