Single payer healthcare plans might save more for country, reveals new study

Single payer healthcare plans might save more for country, reveals new study

A new research has revealed that single payer healthcare plans might end up saving the country more money over a period of time, contrary to popular opinion. Many of these plans might save more in the very first year after being implemented. This comes as a big boost for Senators Elizabeth Warren and Bernie Sanders, who have proposed plans running into tens of trillions of dollars.

Clara
Clara
Libur T.
Libur T. 1 months

The article also mentions that there are a number of studies that come to totally different conclusions and say a single-payer system will cost much more. We're talking about projecting costs and human behavior in a very complex industry, so I'm skeptical of the accuracy of any of these studies. Another question besides total cost is who bears the burden of the costs. Rather than paying directly for services received, would middle class families be footing the bill for millions of lower class and "undocumented" individuals? Would there be any barriers put on the services one could receive free? Another thing the article mentions is that much of the cost savings would come from lower drug costs presumably because the plans would cap drug prices that manufacturers could charge. What does this do to the pharmaceutical industry in terms of R&D and advancement? I personally think that having government control over a huge complex industry would not only result in much higher costs, but would also drastically reduce quality and increase wait times.

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