By Alicia Adamczyk – Single payer—or Medicare for All, as it’s sometimes referred to in the U.S.—is a system in which all healthcare financing is provided by one entity, such as (but not always) the federal government.
All residents receive core coverage regardless of income, occupation, or health status.
The U.S. is one of the only countries in the developed world that does not have such a system in place, but in other countries like Canada and England, the care itself is still provided by private organizations and doctors. But that care—everything from hospital visits to prescription drugs to mental health care—is covered for all residents by the state, via taxes determined by the state. In other words, public financing pays for private care.
Healthcare financing in the U.S. is an often complicated web of hospitals, doctors, and other care providers, middlemen like insurance and pharmaceutical companies, and public programs like Medicaid, Medicare, and state-run marketplaces. As many Americans know, it’s incredibly confusing and expensive for most parties involved.
According to Friedman’s report, Americans spend nearly four times as much on billing and insurance-related activities as doctors in Ontario do, where a single entity is in charge of billing and repayments. more> https://goo.gl/hdH62x