Various proposals have been made to reform the United States healthcare system. One such reform proposal is the concept of “Medicare for All.” Adopting this system would have both positive and negative consequences for the current healthcare system. In addition, with the healthcare system comprising approximately twenty percent of gross domestic product (GDP) of the total United States economy, the adoption would have implications for the entire economy (Cleverly & Cleverly, 2018). You are to prepare a position statement developing three pros and three cons of “Medicare for All.” In addition, include an analysis of what “Medicare for All” would mean for healthcare costs and for the overall economy.
Consider the following questions as you prepare your assignment:
What are the characteristics of the Medicare program that make it a government-controlled system?
How would Medicare-for-All function within a market-based economy?
What is the importance of the economic effect of Medicare spending on GDP?
Be sure to review this week’s resources carefully. You are expected to apply the information from these resources when you prepare your assignments.
Length: 3-5 pages, not including title and reference pages
References: Include a minimum of 5 scholarly resources.
The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course. The writing should integrate scholarly resources, reflect academic expectations and current APA standards