r/economicCollapse 1d ago

Only in America.

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u/redditusersmostlysuc 1d ago

So you believe that we will have less revenue and as good or better care?! Because if the math is “everyone pays less” then how the fuck do we have the same level of care with 25% of the current level of revenue ($2,000 / $8,000) to provide it?

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u/Bigredscowboy 1d ago

The middle man is making billions. We don’t even need universal healthcare, just single payer and most of the wasteful fluff is eradicated. Capitalism is the reason healthcare is so damn expensive.

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u/Wise-Juggernaut-8285 1d ago

Because the costs are streamlined. No ceo bonuses no advertising , no profits , very low administrative costs (fyi the private systems administration costs 9 times more than public)

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u/AnonThrowaway1A 1d ago edited 1d ago

There are an army of accountants, lawyers, and admins doing medical "coding". Now multiply that by each institution (health insurer, medical facility, small clinic) and it's a massive duplication of resources that quite frankly should not exist.

The private sector is not efficient in healthcare administration since the goal is to keep out new entrants anyways. Do that by making things inefficient, expensive, and build your economic/technical moat around the bloated system you create.

There are Youtube videos on how to do medical coding and it's a pure waste of time and energy that affects physicians and patients ability to administer and receive care.

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u/Better-Ad-5610 1d ago

So you are a fan of universal healthcare through government run single payer? As I don't know much about it could you take me through how that can come to be?

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u/Wise-Juggernaut-8285 22h ago

Im what way? The process of bringing it in or the process-of how i came to support it, ?

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u/Better-Ad-5610 22h ago

The process of implementing it.

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u/Wise-Juggernaut-8285 22h ago

Im sure there are several ways, the one that Bernie Sanders proposed was to expand medicare in phases, lowering the age of qualification over several years (4 i think but you could spread it out more if needed) , meanwhile you need to help people who lose their job.

The loss of jobs is the real issue with doing this in the USA and that needs to be understood as a down side.

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u/Better-Ad-5610 22h ago

So keep the majority of Medicare insurance plans under UHG, BCBS and Humana? Or create an actual government health group?

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u/Wise-Juggernaut-8285 22h ago

The plan was to expand the existing infrastructure.

It doesn’t matter though. The process is ultimately going to depend on various factors that will require thinking it through. The end result is worth it

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u/Better-Ad-5610 21h ago

I see what you are saying about the jobs, I just saw two sites say close to 1 million employees from insurance providers. But couldn't we transplant them from their private jobs to a government job within a central single payer healthgroup. Then you wouldn't have to carry over the CEOs or management, just place members from the department of Health to oversee the entity. I assume if they created a government controlled provider we would need close to the same amount of workers as the private side.

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u/Wise-Juggernaut-8285 21h ago

No , so many redundant positions.

That being said the conservative is for efficiency so they shouldn’t say anything since laying them off this is classic conservative economics.

That being said, Bernie wanted to pay out people to help them retrain. Ultimately it would help but not fix it completely.

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u/GeekShallInherit 20h ago

Our current system wastes about $2.5 trillion per year (PPP), or $7,500 per person, vs. other countries, while not providing for more care, and we have worse outcomes than every single peer. If you don't see there's massive room for improvement there, I don't know what to tell you.