Daily Signal January 10, 2020
One common claim by supporters of single-payer health care is that it would ultimately save money while providing universal health coverage for all. Having one centralized bureaucracy, they say, would eliminate complicated administrative inefficiencies that waste enormous sums of money each year.
As reported by Time, researchers behind a new study believe that by adopting Canada’s single-payer health care system, the United States would be able to save enough money to more than pay for universal coverage.
This is a bold claim, considering that the United States wastes so much money on health care administration despite, or perhaps because of, Medicare being the largest single payer of national health expenditures.
Expanding Medicare or Medicaid to cover all Americans would only double-down on the headaches...