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WelshFINANCIAL & ECONOMIC BENEFITS
A single payer system costs less and provides more care
by negotiating fair prices and eliminating waste and inefficiencies.
BENEFITS FOR INDIVIDUALS AND FAMILIES
From the moment of birth until the end of life, individuals and families will have high-quality, comprehensive health care coverage with no health insurance premiums, copays, deductibles, or other out-of-pocket costs for their care. No one will suffer, go bankrupt, or die because of the inability to pay for health care. Not only will people have the freedom to choose their health care providers, but medical and mental health care will be available to everyone. This will decrease the incidence of preventable chronic illnesses and improve overall health outcomes.
BENEFITS FOR SMALL, MEDIUM & LARGE BUSINESSES
For most American businesses, employee health care is their second-largest and fastest-growing expense. Despite healthy economic periods, rising health care costs represent a major burden for American business owners. The weight of health coverage and costs threatens the competitiveness of small businesses, while being a major annual cost for large businesses with many employees. With a single-payer health care system, businesses’ healthcare costs will be zero because health care will not be tied to employment, freeing up small, medium and large businesses to invest the savings in their business, employees and shareholders
BENEFITS FOR TAXPAYERS, STATE & LOCAL ECONOMIES
The governing bodies of cities, counties, and the state will no longer need to budget for health employee benefits. This will free up resources for other areas such as employee wages, infrastructure, constituent services, etc. By no longer having to contend with unpredictable and exorbitant increases in healthcare premiums, these controlled costs also benefit taxpayers and businesses since tax dollars will only be used for health care rather than boosting corporate bottom lines. The bulk purchasing power of a single entity and the removal of a complex multi-payer billing system automatically reduces overhead costs and enhance expediency and quality of care. A single-payer healthcare system will help stabilize government budgets and allow for savings investment back into the community and economy.
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