Democrats introduced single-payer health care legislation last week that—if passed—would move every American into a single, government-run insurance program, within two years. The bill already has over 100 co-sponsors in the U.S. House, and many of the Democratic Party’s candidates for president in 2020 are sure to endorse it too.
But, as with other plans to bring socialized medicine to all Americans, this single-payer legislation has plenty of drawbacks.
Like your current coverage? Say goodbye to it. Value your relationship with your doctor? Time to find a new one. Think health care spending in the U.S. is high now? Wait until you see what happens if the Democrats’ proposal actually becomes law.
One more thing: The Democrats have no explanation for how the system would be paid for.
But, don’t worry. I’m sure they’ll find the estimated $30 trillion somewhere.Read More »