Question

Feldstein suggests that, in general, the national health insurance plans that have been proposed can be classified into three broad categories: 1) a single-payer (Canadian) system or an expansion of existing public programs; 2) employer- mandated health insurance with an individual mandate; and, 3) income-related tax credits. Which one of these proposals would you support above the others? What are the advantages and disadvantages of the one you choose? Be specific.

Answer 1

The single - payer system has a universal health care financed by the taxes that covers the cost of essential healthcare for all the residents, * The Pros of the advantages of single-payer system includes – 1) 'It reduces the cost of heathcare for an economy. 2) It provides basic platform to the healthcare Organization to provide same standard of care at low cost' 3) It eliminate the need of private insurance * cons or disadvantage of Single-payer system - 1) It involves the payment that for the others medical care. 2) It reduces concern among people regarding their health. 3) The elective procedures takes longer period of time.