Providing all citizens the right to health care is good for economic productivity. When people have access to health care, they live healthier lives and miss work less, allowing them to contribute more to the economy. A study by researchers at the Universities of Colorado and…

Having insurance may increase the quantity of care you get, but it is no guarantee of getting high-quality care.

Lowers overall health care costs: The government controls the prices through negotiation and regulation. Forces hospitals and doctors to provide the same standard of service at a low cost: In a competitive environment like the United States, health care providers must also focus on profit.

Disadvantages of universal healthcare include significant upfront costs and logistical challenges. On the other hand, universal healthcare may lead to a healthier populace, and thus, in the long-term, help to mitigate the economic costs of an unhealthy nation.

Cons:

• Higher taxes.
• Longer wait times for physician appointments and procedures, emergency rooms start getting misused and overcrowded.
• The policies of the government pretty much dictate money a doctor can make.
• Dental and Vision are generally not covered (or not fully covered) under Universal Health Care.

Pros and Cons of Universal Healthcare aka Medicare for all

• PRO: Make It Easier for Patients to Seek Treatment.
• CON: Doctors Have Less Flexibility in Negotiating Rates.
• Must Read: What Does Universal Healthcare Means for Medical Practices.
• PRO: It Could Increase Demand for Medical Services.
• CON: It Could Diminish the Quality of Care People Receive.

A universal health care system would remove people’s right to make choices about their own life by saying that the government knows best, and the result would likely be poorer quality healthcare for individuals because it’s designed for the average (once again, look at Canada).

Whilst it is possible to offer most of the population free care for basic medical needs, it is simply not possible to offer all treatments without cost. By asking patients to pay for some treatments, everyone can access affordable care when it is most required.

Specifically, it could: Boost wages and salaries by allowing employers to redirect money they are spending on health care costs to their workers’ wages. Lessen the stress and economic shock of losing a job or moving between jobs by eliminating the loss of health care that now accompanies job losses and transitions.

With government borrowing, universal health care could shrink the economy by as much as 24% by 2060, as investments in private capital are reduced.

Healthcare holds a significant place in the quality of human capital. The increased expenditure in healthcare increases the productivity of human capital, thus making a positive contribution to economic growth (4, 5).

In Jayapal’s bill, for instance, Medicare for All would be funded by the federal government, using money that otherwise would go to Medicare, Medicaid, and other federal programs that pay for health services. But when you get right down to it, the funding for all the plans comes down to taxes.

Doctors might get paid less money. If Medicare for All was implemented, doctors would get paid government rates for all their patients. “Such a reduction in provider payment rates would probably reduce the amount of care supplied and could also reduce the quality of care,” the CBO report said.

Under Medicare for All, seniors – like all Americans – would be enrolled in a government-run plan with very broad access to doctors and have no premiums, deductibles or out-of-pocket expenses. Some would be subject to higher taxes, depending on their income, to pay for the program, Sanders has acknowledged.

Further, several Medicare for All plans have provisions to pay for long-term care services, which would create jobs. In 2018, U.S. households provided roughly 34 billion hours in unpaid long-term care. If divided up among full-time workers, it would require 17 million new positions.

A Medicare for All health care system would create millions of new jobs despite critics’ concerns that it would cause widespread job losses by eliminating the private insurance industry, according to a new analysis by the Economic Policy Institute (EPI).

A single-payer, universal health care system would reduce anxiety and debt, increase health and happiness, and help the lower and middle classes. With more than 33 million Americans losing their jobs during the ongoing COVID-19 pandemic, many are also losing their healthcare. …

Universal health care would guarantee basic care. Nobody would have to go without care due to a job loss, there would be greater control over costs and businesses would not have to fold due to the exorbitant and rising cost of providing health insurance to their employees.

Who has the world’s best health care system? It depends.

• If your priority is choice of doctor and hospital, countries such as France, Germany, and Switzerland rank high;
• If you care more about not having copayments or deductibles, countries such Australia, Britain, and Canada rank high; and.

Fear and apathy are among the biggest stumbling blocks to universal healthcare in the US, especially in a single payer system, according to experts. From MedPage Today.

Article 25 of the United Nations’ 1948 Universal Declaration of Human Rights states that “Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services.” The Universal Declaration makes …

Why is health care so expensive? The most salient reason is that U.S. health care is based on a “for-profit insurance system,” one of the only ones in the world, according to Carmen Balber, executive director of Consumer Watchdog, who’s advocated for reform in the health-insurance market.