How Does Medicare-For-All Work as a Single Payer Healthcare System?
As explained earlier in this article, Medicare-for-all is a type of single payer healthcare system in the United States. Medicare-for-all can function as a single payer system via the following means:
- Increase In The Number Of Eligible Population: Unlike the original Medicare, all citizens of the United States are eligible for this healthcare system.
- Mode Of Funding: Medicare-for-all is funded majorly by the taxes of the citizens of the country. This normally increases the amount of tax they pay monthly but they do not pay for any healthcare services they receive at the hospital.
- Covered Benefits: Medicare-for-all covers medically necessary healthcare services that are needed to diagnose or treat a medical condition. Some other procedures like cosmetic procedures might however not be covered. [6]