Hospitals get less money from medicare than they do from private insurance. So that is actually incorrect. Medicaid brings even less.
Just because Medicare is big, doesn't mean it can negotiate prices. For one example there's literally a law that says Medicare can't negotiate on drug prices.
Government funded coverage may pay less than private, but still a lot considering they cover a massive chunk of the population.
Frankly, there is a lot of things government could tweak before jumping head first into a universal plan that strips away options.
I'm sure healthcare providers could be forced accept less from medicare. That would happen regardless under a universal plan.
As far as drugs, more competition in the drug market also reduces prices so it becomes an issue with the FDA. Hence, we dont need a universal plan to make changes.
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