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Multi-Payer System (or Single Payer Plus Private Supplement)
Basic Concept: Every citizen has access to health care coverage through a single-payer system. However, individuals and/or employers have the ability to purchase insurance privately. Advantages:
• Ensures that everyone will receive health care coverage while giving people the option of remaining with their current insurance plan if they desire.
• Most of the benefits of a single-payer system would still apply. Administrative costs would decrease, physician and patients would have autonomy, and the profit-motive would be removed from the single-payer part of the system.
• Is politically favorable because it does not eliminate private insurance companies, and continues the perception of choice in health care. Disadvantages:
• Because it incorporates single payer, it has many of the same disadvantages. These include vulnerability to the political climate, loss of private sector jobs, potential overspending by physicians, and a possible slowdown in technological advancement.
• Multi payer does not completely remove the profit motive in health care. Those who choose to pursue privately financed health care plans may be susceptible to the many problems that plague the current system.
Hire them to do what? Get a paycheck? You have to have a demand for a product/service before hiring employees.
Then the additional cost for coverage....meaning either increased costs, as already pointed out, or a lowering in pay, to make up for the cost of the required health insurance or fines.
There will be demand once people start working again.
It will bring down unemployment because it will create another arm of the government that will have to hire thousands. Hope you don't mind writing them a check twice a month. Look how many people the Department of Energy has hired to make us energy independent. That was about 33 years ago, and so how is it working for you?
The CBO link you previously provided has an alarming amount of subsidies contained/described within it.
Very informative, thank you for that CBO analysis on what is still only "hypothetical" and unfinished, therefore only a "best guess" by the CBO.
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less intrusive? - ? it's still only you and your doctor.
