Where does the money come from to pay for the current system ?Where do you believe the money will come from to pay for Medicare for all and student forgiveness? Do you believe that I should be responsible to pay for you and/or your children's student loans, if so, why?
A new study reveals the US could save $600 billion in administrative costs by switching to a single-payer, Medicare For All system
A shift toward a single-payer Medicare For All system in US healthcare could be a potential balm to the system's current admin cost crisis.
The US spent $817 billion on healthcare administrative costs in 2017, $600 billion more than Canada, which has a smaller population than the US but also has much lower per capita healthcare costs: For example, the US spends an average of $2,479 per patient on admin costs, compared with $551 per capita under Canada's single-payer system, according to a new study published in the Annals of Internal Medicine.
Stop and think. If paper work eats up money like this it means Ins companies are just using it to siphon off money behind the scenes.