Dale Reichel
California
Dear Editor:
I believe Medicare for all is the way of tomorrow's health care, or some form of single-payer as stated in my previous LTEs. I can't see paying more money for less coverage. How about you?
Here is some more info for you to think about. In 2019 alone I read private insurers will take in $252 billion more than they pay out, equal to 12 percent of their premiums. Source: "The Nation" magazine.
A single-payer system with overheard costs comparable to Medicare (2 percent) could save about $220 billion of that money. A public "option" would save far less if any, if the new public coverage is channeled overhead is at 13.7 percent, is even higher than the average commercial insurer.
A "public option" would save little or nothing on hospitals' and doctors' sky-high billing and administrative costs. The global budget payment strategy has cut administrative costs at hospitals in Canada and Scotland to half the U.S. level.
Think on that, Mr. and Mrs. Republican.