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]

I doubt it could ruin the economy.  People still get sick and visit doctors.  Doctors still get paid.  They prescribe drugs.  Drug companies get paid.  If it causes mass unemployment, it's only because the government is more efficient than the insurance providers, and therefore it has to hire fewer people than they did.  [/quote]

Single payer for all will result in MASSIVE cost savings. Save doctors lots of time and money. Eliminate the middle men. Ensure on-time payment for procedures at transparent rates based on geography and results.

The benefits would be enormous and lead to less bureaucracy (remember - health insurers each have their own mind-numbing bureaucracy).

My wife works for a major insurer and during the debate she said "I'd be happy for all these companies to go under, mine included."[/quote]

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