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I think it's safe to say that the savings would definitely arise if (if...) M4A is implemented in good faith. Decades of hard data from basically every other de
by checktheorder 7y ago
I think it's safe to say that the savings would definitely arise if (if...) M4A is implemented in good faith. Decades of hard data from basically every other developed nation with universal health care demonstrates this. All it will take is the political willpower which is now starting to emerge on the federal level. One also needs to carefully consider what constitutes a "tax" when it comes to health care funding. Premium payments, co-pays, and deductibles all need to be factored in to an apples-to-apples comparison of individual taxpayers' contributions to any M4A system.
There's also a simple mechanism to fix drug pricing: repeal the laws passed in 2003 that ban most US federal agencies from negotiating for bulk medical product pricing, and pass new laws requiring it of all agencies. Currently, I believe that only the Department of Veterans Affairs is legally allowed to negotiate bulk drug pricing. They take full advantage of that, and enable active and retired service members to significantly cut their prescription costs. They're a perfect example of the power of bulk pricing. And again, revising the law in this way is a political-willpower problem, not an economic one.
- HillaryBriss 7y ago> a political-willpower problem right. and, though it may be simple, it's non-trivial. politics and moneyed interests will be the next battle to fight after M4A becomes law under president Warren and Democratic majorities in House and Senate. and i will venture to guess that the very next day a strange and unexpected coalition of stakeholders will join forces to create exceptions to that new single payer system. the political alliances will probably be fascinating. we might even see a division so stark that one of the two political parties emerges as a shill for hospitals and doctors, while the other party becomes their enemy.
- checktheorder 7y agoQuite likely. I think Americans in support of single-payer ought to look to Canada, not just as a model of how to run a fair and cost-effective single-payer system, but how to implement it against massive political opposition from incumbent groups that financially benefit from a for-profit system. Americans might not be familiar with the name Tommy Douglas, but to many in Canada he's considered a hero.