http://obamacarefacts.com/single-payer/
The United States has arguably one of the most bureaucratic health care systems in the world. Over 31% of every health care dollar goes to paperwork, overhead, CEO salaries, profits, etc. Because the U.S. does not have a unified system that serves everyone, and instead has thousands of different insurance plans, each with its own marketing, paperwork, enrollment, premiums, and rules and regulations, our insurance system is both extremely complex and fragmented.
In America, Medicare operates with just 3% overhead, compared to 15% to 25% overhead at a typical HMO. Provincial single-payer plans in Canada have an overhead of about 1%.
The economic fat in the present healthcare is a BIG problem. Single payer is THE BEST at getting costs under control.
UK is single payer and so is Australia (not on the chart).
Americans could still overpay their doctors, nurses, etc and just reduce on "paperwork, overhead, CEO salaries, profits, etc"
If Americans don't like Bernie's approach (where he's trying to also fix income inequality), imagine reducing "paperwork, overhead, CEO salaries, profits, etc" and with it eliminate 28-30% of your healthcare premiums and deductible.
It's a no brainer. And when you do that, employing people is cheaper to help keep American jobs. American products cost less to make, etc. Americans have more money to spend that helps the economy. It's win, win, win and the only real losers are the health insurance companies and CEOs
If America spends about $1 trilllion on private healthcare, 30% is $300 billion less per year. Again, the only losers are the big heath insurance companies and CEOs
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