By adopting Canada’s system of administration, the cost savings would allow all uninsured people in the United States to have medical care.
USA wastes more on health care bureaucracy than it would cost to provide health care to all of the uninsured … Administrative expenses will consume at least $399.4 billion out of total health expenditures of $1,660.5 billion in 2003. Streamlining administrative overhead to Canadian levels would save approximately $286.0 billion in 2003, $6,940 for each of the 41.2 million Americans who were uninsured as of 2001. This is substantially more than would be needed to provide full insurance coverage. [Source, Medical News TODAY]
The benefit to the single payer plan is the reduced overhead and associated costs of managing the health care system. France has issues but it may be a better model for the US health care system.
The American health care model, [Houston native Jennifer Hua] says, is too expensive and too insecure. France offers her family good medical treatment, better insurance, more convenience and no worries about how to pay medical bills if her husband’s job changes.
French model encourages people to put health ahead of economic anxiety.
As America seeks a better way to provide medical care, France offers an example of a system where everyone has government-provided, basic health insurance – citizens and immigrants alike. Expenses for such chronic illnesses as cancer, diabetes and multiple sclerosis are covered entirely by the state so patients can focus on treatment rather than financial ruin.
[Source, Dallas News, Is French health system a model for U.S.?]
I personally think I’d live longer and contribute more to our society if I wasn’t constantly worrying about how I will be able to pay for my family’s health care. The worry makes me more ill than anything else.