Private Insurers Are Afraid of Medicare for All. They Should Be Excited

Since presidential candidate and U.S. Senator Bernie Sanders announced his “Medicare for All” plan in early April, the health insurance industry has uniformly opposed the policy. David Wichmann, CEO of UnitedHealth Group—which covers almost as many people as Medicare itself—remarked that Medicare for All would “surely jeopardize the relationship people have with their doctors, destabilize the nation’s health system, and limit the ability of clinicians to practice medicine at their best.”