The U.S. needs to establish a national government financed single-payer healthcare insurance plan such as H.R. 676. As long as the private-for-profit healthcare insurance industry is involved in the financing of our healthcare we (all Americans) will pay too much for our healthcare.
H.R. 676 would pool all of the current revenues (private insurance premiums, Medicare, Medicaid, VA Medical Administration, etc) into a single insurance plan. It would be one large risk pool and everyone would pay their fair share based on ability to pay. The insurance plan would cover every American from the womb to the tomb.
Businesses would benefit as they would no longer be burdened with providing their employees (and their families) with healthcare benefits. This would improve their bottom line. Employees would benefit as they would no longer have the healthcare insurance premiums coming out of their paychecks. Yes, the Medicare tax would have to be increased, but not by as much as the premiums were. Everyone would have more cash left in their pockets. This would be a great stimulus for our struggling economy.
No longer would families have to worry about a major medical event wiping out everything that they had worked so hard for. No longer would families go bankrupt or be foreclosed upon due to medical bills. This too would boost our economy as households would be more stable.
Some conservatives scream and holler, ‘socialized medicine’, but they have no answer for our escalating healthcare costs. In reality we have many ‘socialized’ services. We live in an economy that is a mixture of socialism and capitalism. Some aspects of our economy are just not well suited for capitalism and healthcare is one of them.
The U.S. is the only developed nation in the world that does not have some sort of government financed healthcare.
The citizens of the U.S. pay about twice as much for their healthcare (per capita) than any other developed nation in the world.
The U.S. ranks from somewhere in the middle to the bottom in many important healthcare outcome categories.
There is a reason for these facts and it is primarily the private-for-profit healthcare insurance industry.