Single-payer healthcare is a governmental means of paying for a state’s healthcare costs that is done by allocating tax dollars to such costs. Some countries uphold single-payer healthcare systems, which effectively allow everybody within those countries to receive medical care without having to pay out of their own pocket.
This might seem like the supporting nations give out healthcare services for free, incentivizing some people to take advantage of the system since they don’t personally lose anything other than their time, which is a laughable idea to many. The fact is that Bernie Sanders’ and many other Democrats’ so-called “Medicare for All” would not work as well as the existing healthcare system right now in the United States.
Currently, we have a multi-payer healthcare system, which means that the costs of healthcare services are financed through a number of channels. Employers, government agencies, insurers, and people themselves pay for healthcare costs, rather than only the government paying for such costs through taxes.
If you don’t remember, or maybe you weren’t around to remember, the United States’ Democrats largely come forth with an overhaul of our existing healthcare system that would have placed immeasurable stress on the government and the United States healthcare system alike. Congress didn’t pass the bill because neither house of Congress, neither than House of Representatives nor the Senate, had majority support in favor of the bill.
Under the administration of now-former United States President Barack Obama, the federal government tried to work out the Affordable Care Act, which is just as frequently referred to as Obamacare after its primary creator.
Although some poor people have been able to secure insurance coverage that they otherwise wouldn’t have been able to over the past few years, Obamacare has largely failed Americans, as a whole.
Republicans have fought tooth and nail to get rid of the Affordable Care Act since it was implemented. With the 2020 election coming up right around the corner, Democrats and Republicans are beginning to declare their support for certain kinds of healthcare payment systems.
Bernie Sanders’ plan, called “Medicare for All,” is said to aim for the elimination of private insurance providers and put all American citizens on Medicare. Medicare, if you don’t already know, is a government program that pays for disabled, elderly, and select others’ healthcare costs.
The Congressional Budget Office has stated that putting the potential plan into place would be very difficult.