'Medicare for All' would 'destabilize the nation's health system,' one health insurance executive told Wall Street last month.
Democratic U.S. presidential candidate U.S. Sen. Bernie Sanders speaks at a news conference to introduce the"Medicare for All Act of 2019" on Capitol Hill in Washington, U.S., April 10, 2019.US health insurers are taking"Medicare for All" very seriously, speaking out against the push by some Democratic politicians toward a healthcare system paid for by the government.
The Congressional Budget Office, which evaluates proposals for Congress, on Wednesday issued a report on the impact of moving to single payer, calling it a"." The report examined the general idea of a single payer health system and didnt' evaluate a particular proposal, or say how much providing universal care in the US would cost.
Wichmann's remarks helped sparked a selloff among healthcare stocks, showing investors are nervous about potential disruptions to the industry. UnitedHealth declined 5% that day, even after itOther large insurers addressed the policy uncertainty, calling for a place for private insurance plans to remain. CVS Health, which in 2018, said that it expects the private sector will remain a part of the next iteration of healthcare reform.
Humana, which specializes in Medicare Advantage, said it favors a continued role for private insurance companies. The company has indicated it could continue to play a role if Medicare is expanded to cover more people, as some candidates have proposed.
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Another big private insurer just vowed to fight 'Medicare for All' plans in WashingtonHumana CEO Bruce Broussard told investors Wednesday the insurer 'does not support any bill' that would eliminate Medicare Advantage or 'make private insurance illegal.'
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