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So heres the deal. Hospitals will no longer be forced to comply with current federal healthcare regulations but nonprofit and public hospitals that do will be covered in single payer (private, for profit hospitals are not elegible to prevent them from jacking up prices). The rest will be subject to the free market. Single payer hospitals will be subject to the same standards as before but free market hospitals. All prescription drugs are now readily over the counter. Because there is now a single payer system, all regulations on health insurance will be removed.
In short, there will be two systems: single payer and complete free market. In case you think that single payer would bankrupt the country, the federal government spent $1.17 trillion on the current healthcare system (medicare, medicaid, etc) in 2017. The projected cost of single payer if it was the only system varies but it varies between 1.4 trillion and 3.5 trillion. In 2016, a total of $9,892 was spent on healthcare, the most for any country. Multiplied by the total population, we get a total of almost $3.2 trillion. However, that cost includes health insurance which would not be needed under the new system and with all prescription drugs now available over the counter, that would put down the cost even further.
Cost of current health system:
https://www.nationalpriorities.org/analysis/2016/president-obamas-2017-budget/
cost of single payer:
Bernie Sanders' last 'Medicare for all' plan cost nearly $1.4 trillion - Sep. 12, 2017 - $1.4 trillion
How expensive would a single-payer system be? | PolitiFact $2.4 trillion, 2.5 trillion, or 2.8 trillion
https://www.forbes.com/sites/theapo...r-plan-is-a-singularly-bad-idea/#2fbb33405502 -$3.2-3.5 trillion (if the entire health industry were covered by federal tax dollars)
In short, there will be two systems: single payer and complete free market. In case you think that single payer would bankrupt the country, the federal government spent $1.17 trillion on the current healthcare system (medicare, medicaid, etc) in 2017. The projected cost of single payer if it was the only system varies but it varies between 1.4 trillion and 3.5 trillion. In 2016, a total of $9,892 was spent on healthcare, the most for any country. Multiplied by the total population, we get a total of almost $3.2 trillion. However, that cost includes health insurance which would not be needed under the new system and with all prescription drugs now available over the counter, that would put down the cost even further.
Cost of current health system:
https://www.nationalpriorities.org/analysis/2016/president-obamas-2017-budget/
cost of single payer:
Bernie Sanders' last 'Medicare for all' plan cost nearly $1.4 trillion - Sep. 12, 2017 - $1.4 trillion
How expensive would a single-payer system be? | PolitiFact $2.4 trillion, 2.5 trillion, or 2.8 trillion
https://www.forbes.com/sites/theapo...r-plan-is-a-singularly-bad-idea/#2fbb33405502 -$3.2-3.5 trillion (if the entire health industry were covered by federal tax dollars)
