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Indeed. We already effectively have single payer system for large segments of the population, the Medicare itself. It still didn't push the costs down to Europe
by xyzzyz 7y ago
Indeed. We already effectively have single payer system for large segments of the population, the Medicare itself. It still didn't push the costs down to European levels for Medicare recipients.
The US needs cheaper healthcare, but single payer won't achieve that.
- wycy 7y agoPart of the reason for that is that Medicare is forbidden by law to negotiate prices the way other insurance companies can as a result of the GOP's Medicare Prescription Drug, Improvement, and Modernization Act of 2003.
- tptacek 7y agoIt can't be much of the reason, because prescription drugs are, contrary to popular opinion, actually a relatively small component of US healthcare spending.