What does "single payer" mean?

Single payer is the term used to describe a new American health care system. Instead of having many different insurance companies, and everyone having different benefits, everyone in this country would be covered by the same National Health Program. This program would be a "single-payer" -it would pay all the doctors, hospitals, pharmacies, etc. for the health care that we receive. Instead of paying private companies for our insurance plans, we would contribute to the National Health Insurance. In return, this program will cover all medically necessary services, including primary care, in-patient care, outpatient care, emergency care, prescription drugs, durable medical equipment, long term care, mental health services, dentistry, eye care, chiropractic, and substance abuse treatment. Patients would have their choice of physicians, providers, hospitals, clinics, and practices.

This would be a publicly-funded, privately-administered plan.

We have learned the hard way that private insurance companies do not work. They try to make a profit by denying patients medical care. They are also wasteful, spending too much money on administrative costs. A public health plan will insure everyone fairly and we still get to choose our own doctors: Medicare for all!

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What is wrong with our system now?

How is it paid for?

Is this socialized medicine?