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Giving Compass' Take:
• In this story from the American Enterprise Institute, author James Pethokoukis predicts some positive and negative consequences for the labor market of implementing Medicare for All.
• Should Medicare for All come into effect, what role could the nonprofit sector play in mitigating the negative consequences of the transition?
• To learn more about what Medicare for All really means, click here.
During a CNN interview Monday, anchor Jake Tapper asked presidential candidate Kamala Harris whether people would be able to keep their private insurance, if they preferred, under her MfA plan. Harris breezily responded “Let’s eliminate all of that. Let’s move on.” Now maybe some of these folks would end up working for the government helping to administer the expanded Medicare program. Others, seeing the writing on the wall, might start transitioning to other work before such a plan was ever implemented. The rest? Well, that’s the way the labor market churns, I guess. Millions of American gain and lose jobs every month, as it should be in a dynamic economy.
But it’s certainly worth noting the trade-off and acknowledging that there would be costs as well as benefits. Granted, consideration about employment disruption in the health insurance sector probably wouldn’t change public opinion about MfA. That, even though healthcare jobs overall have been a massive driver in the recovery of the U.S. labor market since the Great Recession.
Read the full article about Medicare for All by James Pethokoukis at American Enterprise Institute