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And markets characterised by asymmetric data — where you get companies first and find out the price later — are generally inefficient. Obviously, Sanders’ plan stands no likelihood of passing right now. (It’s unclear if Republicans can cross Graham-Cassidy, particularly after Sen. John McCain, R-Ariz, came out against the plan Friday). Still, it’s worth re-examining a few of the basic flaws of United States’ current health care system — and why adopting a single-payer mannequin makes the most sense. A growing number of Democrats signed onto the invoice, which would increase Medicare and create a universal health care system.
Doctors are joyful to prescribe costly therapies, which may do little to assist as a result of the invoice is paid for by insurance coverage corporations. In the public sector, there’s a discipline of sticking inside budgets and rationing health care to where it is wanted most. Private healthcare and government … Read More