The left loves to be a proponent of a single payer system. But without multiple insurers to compete within the market to provide more comprehensive coverage, what incentive would a single-payer entity have to pay physicians high reimbursements?
The answer: none.
Physicians' pay would continue to drop, and drop. And the long term end result would be broke physicians making sub-100K, and with 300K+ in debt. So, assuming physicians cannot likely pay back massive amounts of debt on low pay, that would cause another semi-finacial crisis when doctors everywhere default on their loans. Not good for the american economy.
One other point/question, though. Why the hell do physicians let insurance companies fully dictate the market and prices for services? What about charging a fee, allowing it to be subsidized by the insurers, and the rest is financed by the patient up to the point that the market can handle it?
My end point: **** a single payer system.
Ill take my capitalism everyday of the week. Tell Bernie to suck it.