Medicare:
In 2015, Medicare provided health insurance for over 55 million—46 million people age 65 and older and nine million younger people.
[2] On average, Medicare covers about half of the health care charges for those enrolled.
payroll tax. universal, expensive, b/c government doesn't negotiate as in other countries.
"Many look to the
Veterans Health Administration as a model of lower cost prescription drug coverage. Since the VHA provides healthcare directly, it maintains its own formulary and negotiates prices with manufacturers. Studies show that the VHA pays dramatically less for drugs than the PDP plans Medicare Part D subsidizes.
[138][139] One analysis found that adopting a formulary similar to the VHA’s would save Medicare $14 billion a year (over 10 years the savings would be around $140 billion).
[140]"
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