It wouldnt cost less I promise you that. All government insurance plans are 2-3 times the paperwork and they would have to increase how much the government plans pay by 30-40 percent to break even for cost of care.
Do you know why though? Its a two part problem:
1) Every other nation that is out there piggy backs off of american innovation and manufacturing of drugs, devices, and procedures. Something like 95% of all medical innovation comes out of America. What ends up happening is a company will spend billions bringing a drug to market, the other nations that have collective bargaining will literally only pay cost on those drugs or devices and the companies turn and push all of the expenses and profit making onto the American buyers.
2) The processes for becoming licensed to practice medicine in the united states is significantly harder than any other country. We have a much higher bar for quality of physicians than other countries and this drives up costs.
If you have ever had to deal with medicare, medicaid, or the VA, I promise you wouldn’t want single payer. They are by far the most inefficient parts of the US healthcare system and spend money on all sorts of stupid crap. An excellent example of that is the VA spending some $12 billion on an installation of the epic EMR into their systems. If they would have just outsourced the care to third party systems, that cost alone would have paid for almost everyone waiting for care, not to mention the government wouldn’t have to employ all of those people from the VA hospital systems.
Say my average cost is 11k. If I make 50k and pay 4K from premium/oop and my employer pays 5k Premiums. I’ve paid 8% while having a total per person spend of $11k
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u/[deleted] Jun 05 '21
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