MEDICARE FOR ALL : SINGLE PAYER REFORM
Our health care system is wasteful; is this a government problem or a for profit health insurance problem?
- Waste: Our current health care system costs 3 trillion dollars a year. All 5 independent studies demonstrate that 34% of this expenditure ($812 billion) is wasteful, i.e., doesn’t fund care, funds administrative costs of care instead.
- Medicare and other publicly funded care uses 3% of this $812 billion for admin costs
- For profit funded care uses 15% of this $812 billion dollars for admin costs.
Which of our two differently financed healthcare systems gives us the most freedom of choice?
For profit financed health insurance:
- Restricts choice of provider network and works diligently to restrict utilization of care, even though Americans use one-quarter the number of hospital days and physician visits as the Japanese.
- Restricts flexibility in changing jobs or starting new business.
- Restricts the increases in wages and over all purchasing power due to employer needing to shift that money into increasing premiums.
- Exposes workers with employer based insurance to excessive risk of bankruptcy despite the illusion of coverage.
- Exposes participants to premiums, co-pays, out of pocket costs, supplement insurance costs.
Single payer reform, or Medicare for All provides:
- Reduction in overall cost to 95% of participants as the payroll tax to both employer and employee will be less than the accumulated costs of premiums, co-pays, out of pocket and supplemental insurance.
- Freedom for workers to change jobs without loss of health care.
- Freedom to start up a new business.
- Freedom from fear of bankruptcy should you or family member become ill.
- Security in all aspects of life from knowing that health care is affordable and available for all folks in the US.
HealthCare For All WNC is an Asheville, N.C., group organizing for fundamental health care reform. We advocate a single-payer national health program – improved Medicare for All – that would provide universal coverage, comprehensive benefits, and zero cost sharing.
We are a local chapter of PNHP, Physicians for a National Health Program.