Trumpcare Would Leave 22 Million Uninsured But Give The Wealthy $250,000 Tax Break

[palou]

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.

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.