Single Payer saves money. For the past 20 years, states have commissioned studies on different types of health care systems. In EVERY case, single payer was shown to be the only way to cover everyone and the only system that saved money and controlled costs.
Publicly financed does not mean government run health care. YOU have publicly finance health coverage, but the government does not make decisions regarding your health care.
Cost conscious patients often don't get the care they need. Most decisions are made by the doctor in concert with the patient, but the patient relies on the doctor's knowledge to make a decision. Expensive tests and treatments cannot be ordered by the patient, only the doctor.
Lifestyle choices are not what is fueling high costs in health care. The United States ranks low in general health indicators, but high in good health habits. We smoke less, drink less and consume less animal fat that many other countries with better health indicators and much lower health care costs.
Businesses can accurately determine their health care costs and are not subject to unanticipated large premium increases.
It will reduce labor costs due to a more efficient way of financing health care, eliminating much wasteful administration.
Workers' Compensation costs will be reduced, likely by half, due to the fact that everyone has health coverage and there is no need for the medical portion.
It reduces the need for part time employees and provides easier recruiting. There are no pre-existing conditions or Cobra issues.
Eliminates the oversight of health benefits and bargaining health coverage with employees.
It creates healthier personnel and more stable employees, reduces absenteeism and eliminates employer health coverage complaints.
It reduces employee health related debt and personal bankruptcies.
It frees up family income that can be spent on other goods and services, thus stimulating the economy.