How Can Americas Healthcare Crisis Be Solved?
Keeping pace with Americans’ health care needs
Keeping pace with Americans’ health care needs is a challenge facing health care systems across the country. Demand for health services is increasing as the population grows and as Americans get older. By 2030, the population of the U.S. is projected to increase by 12%, and the number of people 65 and older will increase by 55%. There will also be a sharp increase in the number of people aged 75 and older. This will require more services and specialists, including those in specialty care.
Keeping pace with social determinants of health
Keeping pace with the social determinants of health is crucial for health reform in the United States. Social and environmental factors have been linked to increased health risks and poor healthcare outcomes. These social determinants are factors in everyday life that affect a person’s overall health.
Although the United States leads the world in health care spending, we rank poorly in quality, coverage, and cost. As a result, many Americans lack health insurance and face cost-related barriers to care. Employer-sponsored insurance is less common than it used to be, and deductibles and benefits have increased as a response to rising costs. In addition, the long-term solvency of public health insurance programs in the United States has become a perennial concern. And in addition to all this, we spend more on administration than we do on patient care. These administrative barriers occupy valuable time and frustrate clinicians and patients alike.
Using a single-payer system to solve Americas healthcare problem would lower the costs of health care for both households and the nation. But in order to achieve this, federal officials must enforce strict caps on national health care spending and severely cut medical reimbursements. A single-payer system would eliminate the need for costly private insurance.
Single-payer systems would reduce costs for most Americans by substituting a broad federal tax on payroll and income for the private insurance premium. But it would mean higher taxes for some people. An econometric analysis conducted by the Heritage Foundation estimates that a single-payer system would cost 21.2 percent of an individual’s earnings. In addition, the average household would see its income fall by $10,554. That means households would be 87 percent worse off.
The Single-Payer Act of 2021 has more than a hundred co-sponsors in the House, including Reps. Pramila Jayapal and Debbie Dingell. The bill has received support from nearly half of the Democratic Caucus and has been endorsed by nearly 300 organizations. Its supporters include medical doctors, nurses, business owners, unions, and racial justice groups.