Pharma CEO Worries Americans Will Embrace Single-Payer Plan
Something has to be done as status quo is not working. The idea that one could go bankrupt if they don&#x27;t have health insurance or god forbid are hit with an illness such as Cancer is ridiculous.<p>Is single payer the answer ? Frankly I don&#x27;t know. But as Americans, we live in fear when it comes to healthcare. If you have a job where your employer provides great coverage, then you are ok for the time being. But what if you lose that job ? What if you want to start your own business ? What if you want to be self employed ? What if...there are more like this.<p>Ok lets pay out of pocket then. Fine. If you have a family of 4 or more, be ready to shell out anywhere from $1500-$2000&#x2F;Month (yes per month) to get a decent enough plan that doesn&#x27;t have crazy deductibles and out of pocket limits. Can&#x27;t afford this ? Oops sorry, you are on your own (some exceptions if you can prove you are extremely poor and get medicaid etc)<p>Fear. That is the issue I have. I don&#x27;t want to be scared and I am not a dramatic person. But it is scary. Just the thought of getting sick and not having insurance.<p>Not to mention too many cooks. Don&#x27;t believe me ? See below:<p>1. The Patient (so far so good)<p>2. The doctor&#x2F;hospital (still good)<p>3. Insurance Company (things start to get worse. Too much power)<p>4. Doc&#x27;s&#x2F;Hospital Billing Company and their own process (now this is really idiotic). I once ran for a month to get billing errors corrected (not kidding).<p>Ideally, a system should only have the top 2 mentioned above. Single payer can certainly replace #3 with Govt. but that part is the tricky one. Part 4 should not even exist. But hey, medical billing&#x2F;coding is an entire Business in the US.