healthcare insurance companies are banksters.
california may finally contribute to the greater good:
AMY GOODMAN: Well, explain what was passed in the California state Senate. Explain exactly what single payer or Medicare for all is.
MICHAEL LIGHTY: Essentially, what we do is we’re able to eliminate all insurance company premiums, deductibles and copays, and have a new entity, what we call the Healthy California, provide healthcare through paying providers. So we eliminate all the waste and inefficiency of the present system. We’re able to reimburse providers based on Medicare rates. We’re able to pay comprehensive benefits, complete choice of provider, as we eliminate the insurance company premiums, deductibles and copays and replace that with public financing. Currently, 70 percent of healthcare expenses in California are paid by taxpayers. We’re just not getting our money’s worth. And so, what a single payer does is essentially use the leverage of everybody in one system to contain prices, to guarantee healthcare for all Californians, including those who are undocumented. So it is actually the best type of reform, because we’re able to use those efficiencies to actually save money. We estimated $37 billion can be saved by going to this Medicare-for-all-type system in California.
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