The WAVE - www.rockawave.com -- Aug. 4, 2017
Boys and girls there is a solution, even if a temporary one to stabilize the market while we work to expand Medicare down to younger people. (Bernie suggests we move people who are 55 into Medicare as a first step.)
We also should be clear that single payer would wipe out most of the insurance industry with its overhead and high executive salaries – and all those lobbying costs. How can that be a bad thing?
Let me end with a reference to some correspondence I’ve been having with a WAVE reader who doesn’t agree with my take but does admire the variation of single payer system in Singapore, which forces everyone to pay something whenever they use a health service. (Google Singapore health care if interested in learning more.) I am open to negotiations on means payments and co-payments. My recent foray into health care related to a urinary tract infection taught me a few things. I had to have a picc line installed in my arm to receive antibiotics and it was done at NYU-Langone where two nurses and a doctor did the job (who knew that the line went directly from my arm into my heart – ugh). They billed for over $15,000. Medicare paid about $600. It was clear before I went in – there would be no cost to me and they knew what they were going to get. Thus an advantage of single payer even with all the waste and fraud ( and over testing) – there is one place to go to get paid and someone makes a value judgment.