Single-Payer Financing

"That's all fine and dandy," you say, but you want to know how we're going to pay for it all. A reasonable question. And for it, a reasonable solution.

Luckily there's already plenty of money in the health care system. The US spends double what most other countries spend on health care, and Americans still have shorter lifespans, and 45 million people still go uninsured every year. Many financing schemes exist. Hundreds of billions of dollars could potentially be saved in administrative costs, which would far exceed the amount needed to insure everyone in the United States. Put most simply, the money that businesses currently pay for health care would go to the single-payer; this would make up most of the money needed.

Next: A wealth of other questions answered...