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Single-Payer Healthcare System: Health, Disability, and Long-Term Care Insurance

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Personal Finance: Chapter 11 discussion - Health, Disability, and Long-Term Care Insurance
Single Payer Universal Health Insurance?
Research Single Payer Universal Health Insurance until you have a clear understanding of what it is and what it proposes to accomplish. Once you have done this, and ONLY AFTER YOU HAVE DONE THIS, answer the following questions. Make sure to provide your source(s) of information so that others may benefit from your research. During this discussion please avoid polarizing statements such as, "This is the worst thing that could happen to the USA -- the Liberals are making us a Communist country and taking our money" or "This is the best thing that could happen to the USA -- We have to stop the Conservatives who are in bed with the Health Insurance companies and rich people who rig the system against the poor." Let us try to have a fact-based discussion. As has been stated by wiser people than I, "You have a right to your opinion. You do not have a right to your own facts".
1. What are the potential benefits of having a Single Payer Universal Health Insurance system?
2. What are the potential detriments of having a Single Payer Universal Health Insurance system?
Answer all of these questions. Number each of your answers and DO NOT repeat the question text in your answers. Must answer each question as a paragraph.

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Single-Payer Healthcare System
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Single-payer healthcare is a kind of universal healthcare where the cost of essential healthcare for all residents or citizens of a country or state is covered by one public system (hence the single-payer). Single-payer healthcare systems may be contracted for healthcare services from private organizations (like it is in Canada) or may own healthcare personnel and resources (like it is done in the United Kingdom). Single paper health cover is a way through which healthcare services are paid for by one public authority, not a private entity or a mixture of the latter and the former (Blahous, 2018). There are some benefits that are associated with single-payer health care. One of the benefits is that the single-payer health care system ensures that wasteful spending is controlled through lower administrative costs and cost control as seen in the countries that have applied the system in their running of health care. Also, a single-payer system of health care revenue collection offers more healthcare incentives to public health care spending in the jurisdictions that it is applied. Next, single-pa...
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