Megan McArdle, Columnist

Why Not Try 'Medicare for All'? Glad You Asked

Because costs will spiral out of control. Because hospital care will suffer. Because the stakes are too high for a mass experiment.

Hospitals won't go bust. But they might need taxpayer money.

Photographer: ROBYN BECK/AFP/Getty Images
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When arguing about national health care in this country, those favoring some sort of government-led system always come back to one argument. “But everyone loves Medicare,” they say. “If Medicare’s so great, why not expand it to everyone?”

Indeed, Alan Grayson, a Democratic congressman from Florida, recently introduced a bill that would allow people of any age to buy into the program.