Right now, there are essentially two approaches to improving our health care system. Either we expand the Affordable Care Act, or we expand Medicare. So far, President Joe Biden has pushed for the former with his administration’s expansion of insurance subsidies in the American Rescue Plan. Neither approach, however, will get us to what we need if the privatization of Medicare and Medicaid continues unchecked.
The threat is real. Private health insurance companies, hospitals and pharmaceuticals care about one thing: making more money. Since the creation of Medicare and Medicaid in 1965, these companies have worked diligently to privatize what are ostensibly public goods.
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