Monday, May 16, 2011

Huge megawaste of 400 billion/y. US healthcare. Why? Patchwork system of for-profit payers.

Currently, the U.S. health care system is outrageously expensive, yet inadequate. also at
Single-payer national health insurance is a system in which a single public or quasi-public agency organizes health financing, but delivery of care remains largely private. ... in other words, prevent private interests from defrauding the nation ... that is why reps are fighting it so hard. its the big money fraud machine ...

Despite spending more than twice as much as the rest of the industrialized nations ($8,160 per capita), the United States performs poorly in comparison on major health indicators such as life expectancy, infant mortality and immunization rates.

Medical fascism
Other advanced nations provide comprehensive coverage to their entire populations, while the U.S. leaves 51 million completely uninsured and millions more inadequately covered.

The reason we spend more and get less than the rest of the world is because we have a patchwork system of for-profit payers. 

Private insurers necessarily waste health dollars on things that have nothing to do with care: overhead, underwriting, billing, sales and marketing departments as well as huge profits and exorbitant executive pay. 

Doctors and hospitals must maintain costly administrative staffs to deal with the bureaucracy. 

Combined, this needless administration consumes one-third (31 percent) of Americans’ health dollars.

Single-payer financing is the only way to recapture this wasted money. 

The potential savings on paperwork, more than $400 billion per year, are enough to provide comprehensive coverage to everyone without paying any more than we already do.

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