3 ms·
Universal Care = Medicare + Medicaid + ObamaCare + Employment sponsonered care ??? My opinion is that we should first optimize the existing system to lower the
by xmly 7y ago
Universal Care = Medicare + Medicaid + ObamaCare + Employment sponsonered care ???
My opinion is that we should first optimize the existing system to lower the medical cost first. Health insurance is just prepaid medical costs.
If the cost is lowered, no system would work.
- ogre_codes 7y agoNo, this is talking about single payer healthcare which would mean the current insurance industry would be out the door. No Obamacare, just one government agency paying for healthcare. Employment sponsored healthcare will likely still exist in some form, perhaps to ensure speedier access to some care.
- jandrese 7y agoProbably no employer sponsored healthcare for the most part. That money would go towards the Medicare coverage. There might be some supplemental plans for people who want to skip lines but most people will just use Medicare.
- xmly 7y agoIs that what Canada has right now? For US, the real problem is still health cost is too high. The market regulation seems doe not work, at least for this decade.
- n9 7y agoFrom what I see about half the cost is the admin overhead and another huge chunk is providers billing very high rates because they end up paying a lot less to the insurance companies. If you want to optimize the lowest fruit is the admin overhead, which means just go single payer.
- xmly 7y agoFor admin overhead, my understanding is that each insurance firm has its own standard and processing protocols, which brings a huge burden to providers. The simple solution is having a simple and shared standard enforced by law.