Tag Archives: Obamacare

Simplify Healthcare – Seriously

By JOHN BUTERBAUGH

Although the single-payer system may seem like a radical system, it is the system that would be most effective in simplifying the health care system and control rising healthcare costs. When hundreds of thousands of doctors want the single-payer system, the American people should listen. We have already observed the benefits of a government-financed healthcare system in countries such as Canada and the United Kingdom. Healthcare costs in those countries are much smaller than those in the United States. There are a number of reasons why this is the case.

First, doctors don’t have to waste money determining how much a private insurance plan will cover for medical expenses. As a result, more time is spent seeing a patient and less time is spent on paperwork and other administrative costs. We would be saving billions of dollars every year doing this.

Second, people would no longer delay treatments or operations. Treating an illness or injury as soon as possible prevents the medical problem from getting worse. When an illness or injury is untreated after a long time, it becomes more and more expensive to treat it. Many people avoid going to the hospital because of the mountain of debt that might ensue. In fact, the leading reason that Americans go bankrupt is because of medical bills. In this way, a single-payer system is the most fiscally responsible system.

Third, a single-payer system means that government insurance agencies can determine true medical costs, which are often not well-defined, and negotiate based on that. Patients have less leverage in negotiating for cheaper prices. They have to accept medical costs as they are because the other option is further deterioration of their health or even death. When the government is allowed to negotiate, it has more leverage because it can make certain professionals exclusive providers of a service so long as it is high quality.

Unfortunately, a big reason why we do not have a single-payer system is because private insurers would lose business and pharmaceutical companies do not want to cut drug prices. These entities are beholden to stockholders who invest to reap dividends. Healthcare companies cannot keep stockholders investing and keep prices low. Nevertheless, with all the complications caused by the Affordable Care Act and the industry itself, it becomes necessary to reconsider the system as a whole. Every system has its benefits and flaws, and we should develop a system regardless of ideology that gives people the healthcare they need.

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