If Gov’t Bans Private Health Insurance, 54% Believe They Should Buy Out Insurance Company Shareholders

Medicare for All proposals made by Bernie Sanders and others would ban private health insurance in the United States. If such plans were implemented, 54% of voters believe the government should buy out the shareholders of existing health insurance companies. A ScottRasmussen.com national survey found that just 10% believe the government should simply force the companies into bankruptcy.

A majority of all ages share this view, although younger voters are somewhat more willing to simply force the companies into bankruptcy. Most Republicans and Democrats agree as well, along with 48% of Independent voters (see crosstab results).

It is unclear how expensive it would be to buy out the shareholders of the nation’s health insurance companies. However, 13% of voters own shares in health insurance companies. Another 18% may have such shares in their investment portfolio or retirement accounts.

This research was conducted using a split sample technique. Half the sample heard the question asked in one way and half another. The distinction had no significant impact on the results (see question wording and full crosstab results).

ScottRasmussen.com conducts surveys on health care topics at least twice a month.  The results consistently show high levels of opposition to banning private health insurance companies. The latest numbers show that 60% say they favor a a single-payer national health insurance plan. However, only 16% believe every American should be forced to use it.

These attitudes have generally held steady over the past year. Voters consistently express a preference for more choice and less politics in health care. Insurance coverage that restricts choice is considered “junk insurance” by a solid majority of voters. These preferences are part of a broad recognition that Americans have more power acting as consumers rather than voters.

Eighty-percent (80%) of voters favor providing financial assistance to people who cannot afford health insurance or medical care. However, only 46% believe such assistance should come from the federal government.

The mission of ScottRasmussen.com is to enhance the public dialogue through data-driven analysis that explores the underlying currents of public opinion (read About Us). We provide daily polling updates on the race for the Democratic Presidential Nomination, the president’s job approval, the generic congressional ballot, and  topics in the news. You can sign up to receive daily email.
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The national survey of 1,002 Registered Voters was conducted August 10-11, 2019 by ScottRasmussen.com and HarrisX, a polling company specializing in online surveys (see Methodology and a Demographic Profile of the sample). Results from the full sample have +/-3.1 Margin of Sampling Error with a 95% level of confidence.

Neither Scott Rasmussen nor ScottRasmussen.com has any relationship with Rasmussen Reports® (see About Us).

Posted in Poll Results

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