Jul 15, 2026 · 3 min · 3 segments
This is episode 137, "The Good and Bad $5,000 Limit and How It Relates to Medicare for All." In this episode, host Joe Sparks discusses the legislative proposal that puts a $5,000 limit on…
This is episode 137, the good and bad $5,000 limit and how it relates to Medicare for all.
Senators Ron Wyden, Lisa Blunt Rochester, and Chuck Schumer recently introduced legislation that would limit traditional Medicare's out-of-pocket expenses to $5,000 per year.
It's good that someone is finally putting a limit on out-of-pocket expenses for traditional Medicare.
It's bad that the limit is $5,000.
That is still too high by $5,000, and many people will still not be able to afford that.
It is also bad that the senators did nothing about Medicare Advantage's out-of-pocket maximum, which is currently set at $9,250.
As I mentioned in Episode 133, more than 82 million Americans are skipping meals, driving less, skipping medical care, and prolonging medications because of the high cost of health care.
It's like saying your car's radiator has 60 leaks and we are going to fix one of them.
And by the way, you are on your own to fix the other 59 leaks.
It's time to end the tweaking and provide the necessary overhaul to our health care system.
Until we do that, health care will remain a top economic worry in the United States.
This is episode 137, the good and bad $5,000 limit and how it relates to Medicare for all.
Senators Ron Wyden, Lisa Blunt Rochester, and Chuck Schumer recently introduced legislation that would limit traditional Medicare's out-of-pocket expenses to $5,000 per year.
It's good that someone is finally putting a limit on out-of-pocket expenses for traditional Medicare.
It's bad that the limit is $5,000.
That is still too high by $5,000, and many people will still not be able to afford that.
It is also bad that the senators did nothing about Medicare Advantage's out-of-pocket maximum, which is currently set at $9,250.
As I mentioned in Episode 133, more than 82 million Americans are skipping meals, driving less, skipping medical care, and prolonging medications because of the high cost of health care.
It's like saying your car's radiator has 60 leaks and we are going to fix one of them.
And by the way, you are on your own to fix the other 59 leaks.
It's time to end the tweaking and provide the necessary overhaul to our health care system.
Until we do that, health care will remain a top economic worry in the United States.
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