Fortune

Eradicating a $600 Billion Industry

Nearly every Democrat running for President supports a version of universal health care. That has the private insurance industry on edge.

THE 2020 ELECTION is coming. And health insurers are worried.

A groundswell of support for Medicare for All among prominent Democratic presidential contenders has spooked the industry, with some candidates professing the private health insurance sector may (and even should) eventually be tossed into the dustbin of history.

Sen. Bernie Sanders—author of a comprehensive Medicare for All bill—has never shied away from a fight with large corporations, and universal health care has long been one of his hobbyhorses.

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