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^See the part on administrative waste. By having a single-payer system, there is only ONE way to obtain payment rather than having form A for insurance company A, having form B for insurance company B, faxing form CB676 to insurance company CB676, etc., etc.
Quote:
The report found that savings from single payer substantially increase over time. By 2019, the Urban Institute concludes that single payer would save $20 billion annually based on the report's projected 6% annual increase in baseline health care cost ($130 billion for single payer vs. $150.25 billion for present system). Single payer would cost $28 billion less annually than the public-private hybrid (e.g., expand public programs like Medicaid, a small public option, and a mandate to obtain insurance). The hybrid model had been a favorite of Governor Spitzer and his health care advisors.
Single payer would also cost $19 billion less annually by 2019 than the NY Health Plus proposal by Assembly Health Committee Chair Richard Gottfried. NY Health Plus would automatically enroll all New Yorkers in Family Health Plus; however, employers could decide to opt out to purchase private insurances and a tax subsidy would be provided.
A study by nationally recognized economist, Dean Baker, of the Center for Economic Research and Policy concluded that under H.R. 676, a family of three making $40,000 per year would spend approximately $1900 per year for healthcare coverage. Currently, (in 2007) the average annual premium for families covered under an employee health plan is $11,000. (National Coalition on Health Care.) Businesses Pays Less
In 2005, without reform, the average employer that offers coverage was contributing $2,600 to healthcare per employee (for much skimpier benefits), or 217.00 per month. Under HR 676, the average costs to employers for an employee making $30,000 per year will be reduced to $1,425 per year; or about $119.00 per month.
Baker’s study reported that HR 676 would reduce health spending in 2005 from $1 trillion, 918 billion dollars to 1 trillion, 861.3 billion dollars, which translates into a saving of $56 billion in overall healthcare spending while covering all of the uninsured. This is a 3% reduction in over-all healthcare spending.
Taming the Beloved Beast: How Medical Technology Costs are Destroying Our Health Care System by Daniel Callahan is a great book as well. I'm reading it now.
Yes, because the costs of treatment keep going up.
Here is the full quote.
"The higher premiums at least partly reflect the inexorable rise of medical costs, which is forcing Medicare to raise premiums, too. Health insurance bills are also rising for big employers, but because they have more negotiating clout, their increases are generally not as steep.
Higher medical costs aside, some experts say they think the insurance industry, under pressure from Wall Street, is raising premiums to get ahead of any legislative changes that might reduce their profits."
The first paragraph is fact, the second conjecture.
This goes on and yet citizens are fighting against healthcare reform!
This goes on and yet citizens are fighting against healthcare reform!
I guess you missed the part where government run health care is increasing thier premiums too. This is the same crew that magically won't raise premiums if they are running everything?
Yes, because the costs of treatment keep going up.
Here is the full quote.
"The higher premiums at least partly reflect the inexorable rise of medical costs, which is forcing Medicare to raise premiums, too. Health insurance bills are also rising for big employers, but because they have more negotiating clout, their increases are generally not as steep.
Higher medical costs aside, some experts say they think the insurance industry, under pressure from Wall Street, is raising premiums to get ahead of any legislative changes that might reduce their profits."
The first paragraph is fact, the second conjecture.
What I don't get is why health insurance companies and Medicare don't just take a hard line. They should just say, "This is the price we will pay and if you can't accept that price, we'll go elsewhere." Eventually hospitals will realize they can't keep raising prices if they want to stay in business.
I guess you missed the part where government run health care is increasing thier premiums too. This is the same crew that magically won't raise premiums if they are running everything?
Can the government control the costs of medications and medical treatments in a capitalistic healthcare system?
I guess you missed the part where government run health care is increasing thier premiums too. This is the same crew that magically won't raise premiums if they are running everything?
Medicare tends to deal with the elderly which tend to be in poorer health than the general population. It would make sense they would have to raise premiums.
Plus with Medicare Part D and these supplemental Medicare plans, it's no wonder Medicare would have to raise premiums.
It would be better if the Medicare beneficiaries with higher income paid more per month than those lower on the income scale.
^See the part on administrative waste. By having a single-payer system, there is only ONE way to obtain payment rather than having form A for insurance company A, having form B for insurance company B, faxing form CB676 to insurance company CB676, etc., etc.
Taming the Beloved Beast: How Medical Technology Costs are Destroying Our Health Care System by Daniel Callahan is a great book as well. I'm reading it now.
Yes because thegovernment is less likely to approve care.
Do you think they will magically start increasing coverage if they are the only game in town?
Yes less invoation would reduce costs it would also decrease quality of life. Everyone who wants less innovation raise your hands.
That was debunked long ago!
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