
Medicare for America
This legislation was put together by two individuals: Rosa DeLauro and Jan Schakowsky. In essence, their bill would create a comprehensive, government-run insurance program that would phase out the existing federal programs as well as private insurance. You may be asking yourself, well, how is this different than the other plans mentioned previously?
Large employers will still be allowed to offer private coverage, which would give employees the added benefit of being able to choose between private insurance or go with the possibly cheaper government-funded option. Also, private insurance companies can continue to provide Medicare Advantage plans, not only to the elderly, either; non-seniors can take advantage of these plans as well.
Possible downfalls? Premiums and out-of-pocket expenses go up depending on the income of the household being considered. Medicare for America also aims to give more control to the government when it comes to health care; it plans to do this by establishing a loose upper limit on doctor and hospital charges while permitting the government to negotiate drug and medical device prices.