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Reply to "Insurance and Pharma Companies under Single Payer System?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just been reading about Sanders' plan and it doesn't say anything about what will happen to all the insurance companies if we switch to a single payer system. So what would happen? Would it ruin the economy? [/quote] If it's Medicare for All, then there would still be optional supplemental insurance plans/companies. Keeping in mind that Medicare is an 80/20 insurance with co-pays and deductibles. [b]Medicare also doesn't fully cover prescription drugs[/b][quote] If it is really full coverage for everything then the government would have two options. Keep them as silent partners or let them die. Either way, it would not ruin the economy.[/quote] Outside of a hospital stay Medicare doesn't cover prescriptions. [/quote]
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