“Single-payer national health insurance, also known as “Medicare for all,” is a system in which a single public or quasi-public agency organizes health care financing, but the delivery of care remains largely in private hands.
“Under a single-payer system, all residents of the U.S. would be covered for all medically necessary services, including doctor, hospital, preventive, long-term care, mental health, reproductive health care, dental, vision, prescription drug and medical supply costs.
“The program would be funded by the savings obtained from replacing today’s inefficient, profit-oriented, multiple insurance payers with a single streamlined, nonprofit, public payer, and by modest new taxes based on ability to pay.
“Premiums would disappear; 95 percent of all households would save money.
“Patients would no longer face financial barriers to care such as co-pays and deductibles, and would regain free choice of doctor and hospital.
“Doctors would regain autonomy over patient care.”
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