Jun 10, 2019 - Health
Not all CEOs hate Medicare for All
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Although most large business groups strongly oppose Medicare for All, the opinions of some members of the business community — especially small employers — may be changing, Kaiser Health News reports.
Details: The Business Alliance for a Healthy California, which has tried to garner business support for a universal health care program in the state, has attracted almost 300 mostly small employers.
- One of the co-founders of the group, Dan Geiger, said large companies don't want to get involved because of their ability to use health benefits to attract talent.
- It's also difficult to sign onto the general concept before details are fleshed out, like how much taxes would go up, KHN reports.
The big picture: Most Americans under 65 get their health insurance from their job, meaning that employers have a ton of political sway as the debate over Medicare for All heats up.
- Employer coverage has become more of a financial strain, and in some cases unaffordable, as deductibles have gone up in tandem with the cost of medical care.
- And as more Americans age into Medicare, the situation looks increasingly bleak for employers and workers, as providers are expected raise private insurance rates to recoup for Medicare's lower reimbursements.
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