"On today show where tackling the big mess that is the US healthcare system. In case you haven't heard politicians have got it EMEC crosshairs. This is a broken system and we must fixit. The current health care system is not only cruel. It is dysfunction make American healthcare great again is pouring money into healthcare and yet more than a third one in three Americans either have no the health insurance all insurance that comes with big medical bills that they can't afford politicians and activists saying this is not good enough. They will just want a chance to get their healthcare without doing broke America. We're focused on because they gotta rest. They're ah one of the big ideas to fix. This is Medicare for all. I wrote the bill. That's right but everyone on the same government plan kind of like what they do in Canada the UK it's one Medicare to rule them all and some police say it's my precious that is it'll fix all our healthcare problems. All out of pocket expenses are gone Medicare for all. Is the gold standard but others say. Wait a SEC. This shall not pass one medicare for all. It's dangerous for the millions of Americans who have good in health insurance. This new thing will be was gonna take away the right of people to choose they wanNA take it away. Give you lousy healthcare. It's pretty incredible and conservative outlet. Skeptical to this thing. Look what's happening in other countries. That do this kind of thing like the UK or Canada. You Want Health Gatt Eh. That waited in the hallways waiting for a kidney transplant. So I want the millennials who think that they love socialism so much to look at what's going on in the UK and see either a future said today on the show The millennials who love socialism so much deluded if they would just put down not talking that Avocado Toast for one second and look around and the healthcare in the UK. What would they say we're going to get past the stump speeches isn't talking heads and look at the data to find out who is to blame for the broken healthcare system in the US? And how do we fix it. He's Medicare for all all the best way to go. Because when it comes to health cam there's lots of O'Neill's who think that. They love socialism so much but then does science. Science says healthcare is coming up after the break. Welcome back. Today we're asking is Medicare for all the dream that will solve America's healthcare woes currently the US spends three point six trillion dollars lives on healthcare trillions with a T. It's about eighteen percent of genie pay. It's huge and when you compare it to other wealthy countries the US is about twice as much per person so tons of money is being poured into the system that doesn't manage to cover everyone. They fix it. The first thing we want to do is to take a close. Look at that big pile of money. Where is it going is very very very clear that we're overpaying states dramatically? That's Professor Harold Pollack Healthcare expert at the University of Chicago and he says Al Price Tags for basically basically everything just too high. That's true for hospital. Care for Pharmaceuticals is true for pretty much everything so for example the exact same in cholesterol lowering drug exact same cost sixty six stole is more in the US per month than in France an MRI. On average costs. Three hundred Dole is more in the US compared to the UK pacemakers cost thousands of dollars more in the US compared to Germany over and over again academics found that things are just more expensive in the US. A famous economist. Ost Why is health care is so expensive in the US. He's ANSA quite. It's the prices stupid okay. So why is America getting shafted on prices. Well if you've got off tic TAC and started reading the economist instead you would know of a little thing called the free market to be more specific in the US. We've got the manufacturers like drug companies. The service providers like doctors and hospitals and the insurance companies are in the middle. The insurance companies negotiate the other to the hospitals and the doctors does that the prices that they're willing to pay and he is. What's been happening? Say Your an insurance company about to go into a pricing battle with the hospital. So you imagine that that I'm Bluecross Blueshield of someplace and I go to the fancy fancy hospital you walk up to that really Nice hospital cutting edge treatment amazing doctors beautiful lobby and you start you negotiation so you ask. How much is your liver? Cancer Treatment Hospital tells you it's seventy two thousand dollars and you say she. You know your Liberte heard cancer. Treatment seems awfully expensive. And you know we really WANNA pay Less the hospital can say back. Well I'm sorry. Seventy two thousand thousands dollars is our price. If if you don't WanNa pay that's fine you can explain to your members that they can go down to the county hospital and get liver cancer care. They'll be a lot cheaper MHM and is very very hard for the private insurers to say okay you know well We're GONNA Walk Away Insurance Company. He isn't a bit of a bind. Either they suck it up and pay the high prices or risk losing business because their plans. Don't cover this treatment and the hospitals can afford to negotiate this way because they are fast becoming the only game in town he's over the last few decades lodge hospitals have been merging. They've been gobbling up mom and pop private practices as well as the hospitals and that means in many places hospitals have become a kind of monopoly monopoly according to a survey from two thousand sixteen more than one hundred million people in the US living places with quote moderate to highly concentrated hospital title markets and that is giving these hospitals a disturbing amount of market power and that allows them to charge awfully high prices. Some of them are essentially the size of a fortune and five hundred company. And we don't think of them as a you know as as a major corporation but in many ways. That's that's what they are and that's the way they behave hospitals already. Eddie tend to be more expensive than private practices and research has found that as hospitals. Gobble up things. They Jack up the prices even more so for example studies. Lisa found that prices generally increase by around ten percent after a merger and hospitals are the only bad guy him if insurance companies do get had a bad deal. Studies have found. They don't suck it up. They often passed the box along to their customers and there are other players to mechanic getting gouged left left right and center. Drug Company Manufacturers Doctors. Everybody who sells a BANDAID so they're many villains to this piece in terms of why the costs Kassir so high and they ease one more villain. That's worth talking about. He and that villain paperwork a big chunk of that not all that but a big chunk of that is stupid annoying stuff that is very wasteful with all these different groups. Haggling with each other and haggling with you. It's a lot of time time and money and dumb lettuce promising to explain your benefits and a study from last year found that all of that crap really adds adds up to more than two hundred billion dollars. That's right eight percent of what we spend on. Healthcare is spent on administration. That is way more than other wealthy countries. Okay so now. We know why. America's health care is so expensive time to talk about how to except and this some politicians say is where Medicare for all comes in when it comes to solving the cost most problem. He's one way that Medicare for all could fix it. If you want to take power away from hospitals and pharmaceutical companies to set the prices you could replace all these insurance companies with one big bat us a government health plan Imagine that scenario you heard before fancy hospital says okay Buck Ru. It's seventy two thousand dollars for liver. Cancer Treatment is hey we you pay fifty. That's what we pay. And that's a fundamentally different position and so you're using the leverage the the tremendous Indus marketing power on the demand side of the federal government all the millions and millions of people. That would be in one plan to really"