Medical Economics March 24, 2020
Single payer. Medicare for all. Public option. These are all terms bandied about by presidential candidates and healthcare experts, but what do they really mean?
At face value, they sound good for patients, who would no longer have to worry about paying for the care they need. Increased use of primary care services could help lower overall healthcare costs as chronic patients get regular checkups and patients no longer delay care due to cost concerns.
For these and other reasons, the American College of Physicians (ACP) released its own guidance endorsing many of the concepts of a single-payer system—one where private health insurance would be replaced by the government—or a system where people could opt-in to Medicare, effectively making it...