Acevil said:
WolfpackN64 said: Time for a universal single payer system. |
Honest question can you explain single payer system to me. I been seeing this thrown out a lot and need to learn the benefits and drawback from it.
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The most direct consequence is that all medical services are sold to the government (who then distributes/resells), instead of to individuals. It's for all purposes an inverse monopoly; there is only 1 customer the industry can sell to, which consequently gives a lot of negociation power to the buyer/the government (which is why prices for medication are much lower in countries where this is implemented, usually.) This is to counter the fact that at a personal level, the offer-demand curve is completely distorted in the industry, demand being infinite, on the side of the consumer, and patent laws (which are necessary in a private system for continued funding to research) often create numerous disease-specific monopolies.
Bet with PeH:
I win if Arms sells over 700 000 units worldwide by the end of 2017.
Bet with WagnerPaiva:
I win if Emmanuel Macron wins the french presidential election May 7th 2017.