Multiple Insurers are Intrinsically More Costly than Single-payer Systems such as Canada’s

Multiple insurers are intrinsically more costly than single-payer systems such as Canada’s “A system with multiple insurers is also intrinsically costlier than a single-payer system. For insurers it means multiple duplicative claims-processing facilities and smaller insured groups, both of which increase overhead. Fragmentation also raises costs for providers who must deal with multiple insurance products […]

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Medicare For All expands Medicare to the Entire Population and corrects its Deficiencies 

Medicare for All expands Medicare to the entire population and corrects its deficiencies “The NHP can be conceptualized as an expansion of Medicare to the entire population, with correction of that system’s deficiencies– most glaringly, high cost sharing, limitations on coverage, and subcontracting to wasteful private plans. By dramatically reducing administrative costs and other inefficiencies, […]

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NIMA Savings Enough to Cover the Uninsured and Upgrade Benefits for All

NIMA Savings Enough To Cover The Uninsured and Upgrade Benefits for All “Under the single-payer system created by HR 676, the U.S. could save an estimated $592 billion annually by slashing the administrative waste associated with the private insurance industry ($476 billion) and reducing pharmaceutical prices to European levels ($116 billion). In 2014, the savings […]

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Reducing Bureaucratic Waste Would Save $140 Billion Annually

Reducing Bureaucratic Waste Would Save $140 Billion Annually “The fiscal case for NHI arises from the observation that bureaucracy now consumes nearly 30% of our health care budget, as well as the fact that this enormous bureaucratic burden is a peculiarly American phenomenon. Our biggest HMOs keep 20%, even 25%, of premiums for their overhead […]

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