“Medicare for All” and opportunities for innovation

The liberal wing of the Democratic party has fully committed to a long march to achieve a single payer “Medicare for All” health system in the United States. This goal has “exploded” as a real and galvanizing mission for the left wing of the party. Although still a longshot with significant obstacles, the possibility seems more realistic today because of growing public frustration with the status quo and lack of a coherent alternative. “... the Kaiser Family Foundation founded in March that 59 percent of Americans favor “Medicare for All,” a figure that’s grown in recent years, while 38 percent oppose it. Support fell to 53 percent, though, when it was dubbed a “single-payer plan.” Meanwhile, 72 percent favor a ‘Medicaid buy-in for everyone’ and 75 percent favor an optional “Medicare for All” proposal that also lets people who already have coverage keep their plans… “

What does this mean for healthcare innovators? On the surface it would not appear that the “Medicare for All” debate fosters an auspicious environment for the healthcare entrepreneur. But we believe just the opposite. Now is the time for innovators to act. We have always believed and lived by the creed of developing, testing, and launching innovative healthcare businesses as the best way to fix our failed healthcare system. People are looking for alternatives. They are clamoring for leadership on this topic. “Medicare for All” is one option. But innovative, risk-taking, leaders also have a golden opportunity now to shape the debate and propose and launch businesses that address our greatest social challenge.

Read bloomberg: Democratic Left Playing a Long Game to Get ‘Medicare for All’

Read KFF: Public Opinion on Single-Payer, National Health Plans, and Expanding Access to Medicare Coverage

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