CMS Administrator Seema Verma says 'Medicare For All is simply a bad idea'
"Medicare for all" has become a popular slogan for many Democrats on the campaign trail. I spoke to the administrator of the Centers for Medicare and Medicaid Services, Seema Verma, about whether "Medicare for all" (See editor's note below.) is a feasible notion.
Here’s what she told me:
VERMA: Well, as the head of the program, I deal with Medicare program day in and day out, and I can tell you that there are a lot of problems in the Medicare program. So, Medicare For All is simply a bad idea. What we need to do is focus on strengthening the program.
You try to expand it, that's going to really threaten the program for the people that it's supposed to serve.
You know, we've heard about the price tag on this—some $32 trillion. It's not something that our country could afford, and I think it would really threatened the solvency of the program.
Another area is fraud and abuse. People talk about how Medicare has low administrative costs. Well that's because we're not doing a great job on fraud and abuse. We only review half a percent of all the claims that are out there. So, you know, I think what we want to do is strengthen the program, make it work better for seniors, not trying to dilute its focus.
Here's the Bottom Line: The slogan “Medicare for all” may be useful to Democrats looking to fire up their base, but it is absolutely unrealistic idea. Single-payer healthcare would cost way too much and would actually hurt American people throughout the country.
EDITOR'S NOTE: Boris Epshteyn formerly served as a Senior Advisor to the Trump Campaign and served in the White House as Special Assistant to The President and Assistant Communications Director for Surrogate Operations.
While "Medicare for all" is a slogan for some Democrats seeking to rally supporters, it is also the truncated version of the United States National Health Care Act or the Expanded and Improved Medicare for All Act, which was first introduced in Congress in 2003.