Question

How has the UK attempted to address the negative aspects of their single-payer system through various policy reforms? Be sure to explain the economic rationale for the reforms.

Answer 1

Introduction to Single payer health care system-It is a type of health care system which covers the cost of all essential healthcare for all the citizens ,with costs covered by a single payer.
It is often known as single payer plan or sometimes called' Medicare for all'.There are pros and cons for such type of health care system.
Lets discuss about its negative aspects of Single Payer system-
1.Large increase in government revenue-Single payer system sometimes increase the government health care expenditures by 50%.
2.Elimination of consumer choice of insurer and other benefits-Entire population of the nation is covered under the same insurance plan and the consumers who are not satisfied with the same insurance plan could not go for another insurance scheme.
3.Likely persistent inequities in access-It brings the inequality in the country.Those who are rich and can pay more from their pockets,they tend to receive some extra care and are more satisfied.
Single care health system reforms has improved the quality of health care.They check what type of disease is prevailing in the area,what illness is common in areas and who will at risk? Accordingly they target the funds for the interventions and save the lives of others.Lets discuss about their different reforms one by one-
Single -payer health system reforms has come out as a single tier system which covers everyone regardless of age, employment and income.
It allows the patients to choose their own health care and can continue to see them even after the job change or any change occurs in the financial status.
It has made the health care system easily accessible to everyone.
Single care reform has one important aspect that is quality care .It promises to save the lives of the people for the long run.