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Death Panel

Teaser - How Medicare Was Privatized (10/26/21)

Death Panel

Death Panel

News

4.8588 Ratings

🗓️ 27 October 2021

⏱️ 5 minutes

🧾️ Download transcript

Summary

Subscribe on Patreon and hear this week's full patron exclusive episode here: www.patreon.com/posts/57856991 In this very special episode, we look at how it became that 42% of Medicare plans in the US are administered through the privatized, "Medicare Advantage" option. We talk about why that sucks and what we can do about it. This is (loosely) the third part of a slowly unfolding series of historical deep dives on how the US healthcare system was so horribly designed. While this is a standalone episode, you can find the two earlier discussions at patreon.com/deathpanelpod Runtime 1:16:11, 26 October 2021 🧬

Transcript

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0:00.0

To hear the full episode, become a patron at petriam.com slash netpanel pod.

0:06.2

Today we've got a really fun episode for you. We're going to do a deep dive on the privatization

0:15.0

of Medicare, which is something that's been steadily happening for a couple of decades now.

0:21.1

Yeah, I think, so this is something that I would say is probably part of,

0:25.1

we could call this like part three of our death panel history of healthcare in the US

0:30.7

or socialized medicine or whatever series.

0:34.1

We had relatively recently, actually, we unlocked in the public feed, the death panel

0:39.9

history of Medicare, which is kind of the last one that we did. We also did an episode called

0:44.3

Death Panel History of Socialized Medicine, which is about kind of like the earlier,

0:48.2

earlier in the 20th century and like the initial, some of like the initial fights over what would

0:53.2

sort of become Medicare. But sort of,

0:55.3

if you recall where we last left off, one of the reasons I think to talk about this is, so we're

1:00.4

going to talk about like, as we mentioned, this category of Medicare plan, which is Medicare

1:04.9

Advantage, which is a privatized form of Medicare, which has become, I think, it's now like 42% of all Medicare plans,

1:14.0

which means that now basically, you know, I think a lot of people don't, obviously, yeah,

1:18.4

a lot of people think about Medicare and a lot of people know something about Medicare,

1:22.1

but I think a lot of people don't even, I mean, in general, like generally speaking to like

1:26.9

the public or whatever, do not necessarily, in general, like, generally speaking to, like, put the public or whatever,

1:28.6

do not necessarily know that Medicare includes this gigantic private component and one that is

1:34.5

hugely growing. Like, I think the standard history of Medicare is that, like, in the 60s,

1:40.5

Democrats did this, like, incredible, perfect forward forward looking thing, right?

1:45.5

That, uh,

...

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