for the sake of argument, how would adopting a single-payer system reduce healthcare costs? expound at length if you will
You are quite the instigator aren't you?
I am pretty sure if someone took the time to go back a year or two I've already posted all that information. I may do it yet again, but not tonight.
There are at least 35 nations in the world that spend less per capita than the USA and still get better health outcomes than we do.
The most obvious flaw in our current system is the "for-profit/free market" approach.
The "free market" works reasonably well when we are buying a loaf of bread, a cell phone or a car, at least when we have the time and motivation to cross shop the competition.
Cross shopping rarely happens when life and death healthcare issues arise. Who's going to be bold enough to suggest Mom or Dad be moved to a healthcare facility on the other side of town where they are having a limited time, two-for-one offer on bypass surgery?
Nobody, that is why healthcare costs in this nation have been largely unfettered by traditional market forces. It has led to greater rates of inflation for healthcare than for other sectors of our economy.
Government control of medical costs would provide all
Americans with an advocate in their corner when they need one most, when they are seeking medical attention. Good ole Uncle Sam! Other countries' national healthcare programs strongly suggest Americans would finally receive a "fair and balanced" approach to healthcare. A "fair and balanced" approach that 35 other governments have been providing to their citizens for generations now.
Another area of savings would be the elimination of private healthcare insurance. The private insurance industry spends about 20 percent of its revenue on administration, marketing, and profits. Further, this industry imposes on physicians and hospitals an administrative burden in billing and insurance-related functions that consumes another 12 percent of insurance premiums. Thus, about one-third of private insurance premiums are absorbed in administrative services that could be drastically reduced if we were to finance health care through a single non-profit or public fund. Indeed, studies have shown that replacing the multiplicity of public and private payers with a single national health insurance program would eliminate $350 billion in wasteful expenditures, enough to pay for the care that the uninsured and the underinsured are not currently receiving. http://www.pnhp.org/...nsurance_fo.php
The above article breaks down the opportunities for cost savings in greater detail. Feel free to peruse it for yourselves.
Once again, this is not theory, this approach is already being employed by the rest of the modern world where governments ensure their citizens receive healthcare better than our own, for less money.