National Improved Medicare For All

No Doctor of your choice.
No medical privacy.
. . .
. .
.
Those are two rights too many to give up.
Thanks but no thanks.

In fact, you will have the choice of any doctor you want, because there will be no networks. Nothing changes HIPPA, only the medical bills go to Uncle Sam. What changes is that instead of a for-profit private insurer overriding a medical professional's prescription or treatment, the bills are paid by the Federal Government that has no need for an income in order to spend. The US Govt neither has nor doesn't have any US dollars. New US dollars are created each time a bill enacted by Congress (in this case, M4A) is paid by crediting accounts. There is no purely financial limit to US dollar creation. The limit is the availability of the real resources for those new dollars to buy.

That sure isn't the Medicare my friends and I get, and we paid into for 45+ years. Wherever did you get your information?

Undoubtedly from this person! https://imgflip.com/i/5nj396

You are correct. Many progressives disliked that moniker, but the # stuck. This is not just current Medicare with the age requirement dropped to zero. It is as my meme stated, and my attached comment to the meme posted to my FB timeline added this - National Improved Medicare For All #NIM4A. You could go to congress.gov and look up H.R. 1976 (HOR) & S.1129 (Senate) bills to read.

Thabks for the info.

BTW, FDR's intent was to protect Social Security from current and future detractors by shielding it with tax law and creating a sense of "skin in the game" for all with a payroll deduction. He knew that the tax couldn't pay for Federal spending, and acknowledged that it was "purely political." The original memo is found on the ssa.gov site. https://www.ssa.gov/history/Gulick.html

Social Security/SSI/Medicare are, like all Federal spending, paid with votes in Congress. Unlike discretionary budget spending, SocSec et al are mandatory expenses. Each year a letter of expenses is sent to Congress for approval or amendment. Congress decides what will be the payouts. If Congress decided to cut all Social Security payments to $10.00 per recipient per month and limit Medicare to 10% coverage with a majority vote, that is within its purview.

If you like how our veterans are treated you’ll love the civilian VA!

My father and all of my uncles fought in all theaters of WWII. All received excellent care from the VA until the Reagan era made Neoliberal policies the priority. The Neoliberal agenda creates the lie of a scarcity of dollars as justification for cuts to Federal social services with the goal of distrust of Federal management, failure of the program, and privatization offered as the "remedy" for the mess intentionally created in order to create more profit for the already privileged.

Lol, your $15/hour job won’t even begin to pay your share of what that would cost…

LOL, when the US Government spends, the cost to each US citizen is exactly $0.00. US citizens do not, and cannot, finance US Government spending. US Government spending finances US citizens in the first place. Prove me wrong.

It’s obvious you are in a different universe, where reality is just a daydream, but thanks for the chuckle.

Prove me wrong.

Tax payers funds government spending as well as loans from other countries. Even though the fed prints money, the country is in debt first to Japan then China. Tax payers for generations to come will pay back said debt.
The United States government has no money that isn't borrowed.

That is, positively, unequivocally, not true. The Fed doesn't print money. When the US Govt spends, it does so by crediting accounts. On the Federal level, "debt" refers to the issuer of the US dollar, the US Govt, and what is purposely omitted is the asset column that identifies the recipient of that spending. The US Govt is "in debt" to itself as an accounting term.

This is a short, but concise, description of Federal finance. https://realprogressives.org/2017-06-29-the-operational-reason-why-federal-taxes-are-not-revenue-for-the-federal-government/

I see your "progressive" source and raise you government sources.
"The primary way that the United States government makes money is through taxation. In Section 8 of the first article of the Constitution, the U.S. Congress is afforded the right to assign and collect taxes. There are several sources of tax revenue."
"The government primarily generates revenue through the imposition of taxes – individual income taxes, Social Security/Medicare taxes, and corporate taxes.The government also generates revenue through issuing debt instruments such as Treasury bonds, Treasury bills, and Treasury notes – securities with varying rates of maturity.One less traditional method of generating income is the imposition of the so-called “inflation tax,” when the Federal Reserve simply prints more money."

https://www.usa.gov/budget

https://corporatefinanceinstitute.com/resources/knowledge/finance/how-the-government-makes-money/

https://ticdata.treasury.gov/Publish/mfh.txt

If you want to learn more, Eric Tymoigne gets down in the weeds - http://neweconomicperspectives.org/2019/03/can-the-us-treasury-run-out-of-money-when-the-us-government-cant.html

To watch and listen to the dialog mentioned in Eric's essay between Alan Greenspan and Paul Ryan - https://www.youtube.com/watch?v=DNCZHAQnfGU&t=34s

BTW, that picture is what countries the United States owes, and how much

No, it is not. It is a "picture" of all of our trading partners who have sold their goods and services to US markets and were paid in US dollars. When offered, they chose to purchase US Treasuries with the US dollars they earned from those sales. Our trading partners have accounts in the US central bank, the Federal Reserve ("reserve accounts") that are used as their checking accounts for business transactions, just as you use your checking account. When they buy Treasuries, which are akin to savings with interest, US dollars in their reserve accounts are transferred to Treasury Securities Accounts (TSA) in the Fed. When the Treasuries reach maturity, the original dollars + interest is transferred back to the reserve accounts. Of course, the transactions are all done on electronic spreadsheets in the Federal Reserve Bank. It amounts to taking dollars from your checking and putting them in a savings account to earn some interest. Where does the interest originate? Like all US dollars, they are created with keystrokes on a computer ordered by the US Treasury and authorized by Congress.

"Gold Standard" thinking from the 1920s. FDR suspended the convertibility of the US dollar, domestically, in 1934. Nixon suspended the US dollar's convertibility in '71. Since then, Federal offsetting has been used as justification to kill progressive plans. There is never a question of offsetting (the "pay fors") for spending to the Military Industrial Corporate Complex.

This is a simple walk-through of how Federal spending occurs in the pure fiat system we have had for a half-century: https://forum.ars-regendi.com/forum/ellis-winningham-finding-cuts-pay-for-federal-spending-t-30299.html

From where did the "borrowed" US dollars originate? Are Japan and China legally authorized to issue US dollars? Understand that the US Govt that creates new US dollars by crediting accounts with keystrokes on a computer does not have the same financial restrictions as you, or anyone not the US Government. https://realprogressives.org/keeping-score/

They sure went from if you dont get the Vax you shouldn't be allowed in the hospital, to Medicare for all pretty quick.

I wonder how Canadians feel about it?

Shortage of doctors, but I've never paid for any treatments or procedures, did have to buy crutches a couple times.

Thanks for the input

The Canadian Government has been infected with American Neoliberalism in recent years. My Canadian friends tell me they see more services cut and more private insurance introduced. The same is happening in the UK's formerly excellent NHS.

Thanks for the input

So.. essentially the democrap deep state would allow your birth, and then your young body would be tortured for Adrenochrome extraction, and then chucked into a vat of acid THREE DAYS after your birth, correct? Good f'ing grief. "A CHICKEN in every pot!"

Yes, it makes for great friday nights, sucking the endochromes from babies then boiling them for soup. Do you actually hear yourself say some of this shit

who pays for all of it?

All Federal spending is self-financed. All Federal programs are paid by dollar creation. The process begins in Congress with votes on a bill to purchase goods and services to provision the Federal Government from the domestic & foreign private (non-government) sector. When the bill and its appropriations attachment pass, the bill goes to POTUS to be signed into law. When the POTUS signs the bill, that law orders Treasury to complete the transaction. Treasury instructs the recipient's bank to increase the account balance with the number of dollars appropriated and the Federal Reserve Bank clears the payment. When the recipient's account balance increases, new dollars were spent into the economy. Prof. Stephanie Kelton's short video explains: https://realprogressives.org/mmt-basics/

so.... "self-financed".... nice. sounds great! thanks! what a relief!

From where did you think US dollars originated?

that question doesn't even make sense. please stop. you're embarrassing yourself.

The question wasn't rhetorical. How can you criticize my answer when your original question, "who pays for all of it," signifies a lack of understanding of Federal finance?

ok, have a nice life.