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Is Single-Payer the Only Plan That Will Reduce Medical Bankruptcies?

That’s the argument made by David Himmelstein, associate professor at Harvard Medical School and co-founder of Physicians for a National Health Program, who

Jul 31, 2020
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That’s the argument made by David Himmelstein, associate professor at Harvard Medical School and co-founder of Physicians for a National Health Program, who toldThe New York Times over the weekend that no other proposal being debated on Capitol Hill would rein in the estimated 900,000 medical bankruptcies expected to hit patients in the United States this year.
A single-payer system, such as the one proposed by my colleagues and myself, not only covers everyone, but also eliminates co-pays, deductibles and virtually all uncovered medical bills … That’s how it works in Canada. Every Canadian has coverage with zero co-pays and zero deductibles. As a result, when they get sick, they’re not forced to pay for care. It’s the coincidence of bills coming when you’re least able to pay them that creates the problem.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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