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Recent Revelation: Healthcare Monopsony Buying Power
Many single-payer (nationally funded) healthcare systems pay a lot less for drugs, services, and equipment than US insurers do. They have a monopsony and therefore a lot of buying power–makes sense, right? Erik recently has a revelation that calls this logic into question… though without any clear answers.
Fact Check: The Universal Health Care Tax Cut
Recently I saw a Facebook post that was starting to seriously make the rounds among my more politically inclined friends. It made the case that if the US were to switch over to a Single Payer system, it could pay for the entire thing with its current budget and also provide a $200B annual tax cut. Also nobody would pay for private health insurance. Sounds pretty great.
Unfortunately it has zero citations so I decided to do the research. Is it anywhere close to accurate or totally full of it?
The GOP May Want to Consider a Bipartisan Obamacare Replacement
Mitch McConnell and Paul Ryan are planning on moving forward with the GOP’s Obamacare repeal-and-replace plan (still officially not released in full). The plan itself is still likely to change, and they’re having trouble getting all of the Republicans on board, but they want to move forward. This reminds me of a story. A very important one for Republicans that want to win.
The Surprising Argument Against Single Payer Healthcare in the United States
I wanted to point out a potential consequence of the United States adopting single payer insurance that I have not yet seen spoken elsewhere. I wanted to point out a potential consequence of the United States adopting single payer insurance that I have not yet seen spoken elsewhere.
What are the Implications of US Healthcare Spending on the Elderly?
The United States spends a lot more on healthcare than many of our peer countries.
Some people believe that most of us are getting more health services; others believe we’re mostly paying a lot more per person for the same services. Some see both. Yet others worry that those paying for healthcare are paying more to cover those that don’t have insurance.
As we explored some potential causes of US healthcare spending, we came across a very interesting graph!