Single-Payer health insurance grants coverage to all, meaning no matter what how much money you make, or how sick you are, you’ll have access to necessary healthcare. Single payer health insurance is a health insurance system funded by tax dollars that are managed and operated by one group, such as the government, providing basic health care to all citizens. It’s called single payer as it is the one entity that pays the costs. While the Affordable Care Act made it possible for millions of Americans to become insured, it is not single-payer health care.
While Single payer healthcare Is a controversial issue in America, many individuals don’t completely understand what a single-payer healthcare system would entail. When Bernie Sanders coined the phrase, Medicare for all, did you fully understand what it meant? If you’re familiar with our healthcare system, you know that it relies heavily on the private sector. Even the Affordable Care Act, commonly known as Obamacare, uses private medical health insurance agencies to provide government-regulated plans through a marketplace.
Although you may still find Federally sponsored programs such as Medicaid, CHIP, and Medicare, which offer subsidized or free healthcare to people who qualify using taxpayer dollars, Bernie plans to make these government programs available to everybody, not just those who’re eligible under current laws.
Medicare For All and a single payer are synonymous. The end goal of both is to have the medical industry run and regulated by the government and take private medical health insurance agencies out from the mix. This will be achieved by using taxpayers money to fully fund all the medical costs of the United States, giving everybody access to healthcare.
So the question remains. If so numerous other developed countries have adopted the single payer healthcare System, then why is the U.S. so reluctant to follow suit?
A 2008 study of a single-payer bill by Physicians for a National Health Program valued the immediate savings of a single-payer health insurance plan within the United States at $350 billion per year. The Commonwealth Fund believes that, if the U.S. implemented a universal health care program, the death rate would decrease, and the nation would save approximately $570 billion a year. While there are many ways a single-payer system in the U.S.A. could work, the Physicians for a National Health Program, who have analyzed this issue have proposed a model in the United States that could include:
- Doctor visits
- Hospital visits
- Preventive care
- Long-term care
- Mental health treatment
- Reproductive health care
- Prescription drug and medical supply costs
Is Universal Health Coverage and Single-Payer Health Care Coverage the Same?
No. Universal Health Coverage implies that all residents have health coverage, but does not necessarily mean that the coverage is single payer or provided by one source.
Single-Payer Health coverage may also be recognized as universal health insurance, but the crucial difference is that single payer has one payer.