This election season Sen. Bernie Sanders has called for Medicare coverage for all Americans. But what is single payer, or “medicare for all”?
According to the Physicians for A National Health Program, Single Payer is defined as:
“Single-payer national health insurance, also known as “Medicare for all,” is a system in which a single public or quasi-public agency organizes health care financing, but the delivery of care remains largely in private hands. Under a single-payer system, all residents of the U.S. would be covered for all medically necessary services, including doctor, hospital, preventive, long-term care, mental health, reproductive health care, dental, vision, prescription drug and medical supply costs.”
“The program would be funded by the savings obtained from replacing today’s inefficient, profit-oriented, multiple insurance payers with a single streamlined, nonprofit, public payer, and by modest new taxes based on ability to pay. Premiums would disappear; 95 percent of all households would save money. Patients would no longer face financial barriers to care such as co-pays and deductibles, and would regain free choice of doctor and hospital. Doctors would regain autonomy over patient care.”
It is essentially the same way in which Medicare works currently in the US. As discussed in this video: “Single Payer Showdown P1-The Cost of Single Payer Health Care” by the Big Picture RT:
Part two of the video is below: