[Single-payer] has three kinds of main features, huge cost-saving features. One is very simplified administration. You have one plan, one set of benefits. Everybody’s in it. Makes it very simple to use. We have a hugely burdensome administrative system here in the United States. And that’s one of the prime reasons why we’re the most expensive.
They also use something called global operating budgets. So hospitals don’t have to have a whole floor of administrative staff trying to work out the billing. The hospital gets a check every month. And that’s how they pay for the things that they do. So that is also a much better way to manage your finances.