Congressman Khanna Urges Medicare for All Amid Rising Costs

URGENT UPDATE: Congressman Ro Khanna is making a powerful push for Medicare for All amidst a growing healthcare crisis and rising insurance premiums that have Americans on edge. During a heated discussion on CNBC’s “Squawk Box” today, co-host Joe Kernen raised alarms about skyrocketing health insurance costs but admitted, “I don’t know what the answer is.”

With the current federal government shutdown, which began on October 1, 2023, health insurance premiums are projected to spike dramatically, impacting millions. Khanna, a Democratic representative from California, argues that shifting to a single-payer system is not just necessary but could also benefit American businesses. He stated, “If we extended eligibility for Medicare, it would help private business. It would lower healthcare costs.”

A 2020 analysis by the Economic Policy Institute indicated that Medicare for All could save American businesses up to $650 billion annually while enhancing job quality and supporting small businesses. These numbers highlight the potential economic advantages of adopting a universal healthcare system.

Khanna dismissed concerns that Medicare would lead to inadequate healthcare access. “I don’t think Medicare is rationing more than the private industry,” he noted, emphasizing that those with private insurance often face denials and additional hurdles, while traditional Medicare offers better access.

However, changes are on the horizon. Starting in January, Centers for Medicare and Medicaid Services (CMS) will implement new prior authorization requirements for several services in Arizona, New Jersey, Ohio, Oklahoma, Texas, and Washington. Critics warn this could lead to delays in care for seniors, with experts labeling it “a Medicare cut by another name.”

The current government shutdown stems from a political standoff over healthcare funding, with Democrats fighting to restore cuts to Medicaid and extend Affordable Care Act (ACA) subsidies. According to the CBO, without intervention, 10 million Americans could lose Medicaid coverage. Additionally, over 20 million Americans purchasing ACA marketplace insurance may face unaffordable premium hikes next year.

Recent polling reveals that 78% of Americans support extending ACA credits, showcasing widespread public dissatisfaction with the current healthcare landscape. Khanna urged his colleagues to prioritize healthcare reform, stating, “Republicans are once again trying to reward the ultrawealthy at the expense of regular folks. It’s time to pass Medicare for All and solidify Americans’ right to affordable healthcare.”

As the situation develops, Americans are left waiting for solutions to a healthcare crisis that continues to escalate. The pressing need for reform has never been clearer, and the coming weeks will be crucial in determining the future of healthcare in the United States. Stay tuned for further updates on this urgent matter.