Financial & Economic Benefits of Single Payer

A single-payer system promotes the best possible care and creates financial benefits for everyone by negotiating fair prices and eliminating waste and inefficiencies. An important new state commission report says switching to a single-payer system would not only cover everyone with needed health care, it would cut the cost of health care by half a trillion dollars over 10 years.

Benefits for Individuals and Families

Individuals and families will experience expanded health care coverage with no health insurance premiums, copays, deductibles or other out-or-pocket costs for their care. No one will suffer, go bankrupt or die because of inability to pay for medical care.

People will be able to choose their care providers. Preventative care will be available to everyone, which will decrease the incidence of preventable chronic illnesses. Those who do have an illness will have access to education and rehabilitation treatment. Overall health outcomes will be improved. A healthier workforce means a more productive workforce.

Benefits for Employers

Access to health care will not be tied to employment, so people will be free to change jobs, become self-employed or start a business. Families with mixed immigrant status will have equal access to health care.

Employers will no longer need to spend the time and money to negotiate, buy and administer health care benefits to their employees. Businesses will be able to focus their resources on their core business. Savings can allow for expansion, increased wages and new hires. The playing field for smaller businesses will be leveled. Businesses will be in a better position to be more completive in the international market.

Benefits for Taxpayers, National and Local Economies

The governing bodies of cities, counties, and the state will no longer need to budget for health employee benefits. This can free up resources for other needs such as employee benefits, infrastructure maintenance . . .