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Single Payer Is Good For All Insurance

Yesterday Avedon Carol noted that a single payer system would reduce the cost of malpractice insurance, as the bulk of those awards is to cover the future medical costs of the plaintiffs.

Almost every type of insurance you buy, auto, home, business, workman’s comp, disability, etc. includes some form of medical coverage for you or others. If everyone already has health care coverage, the cost goes down. Given that health care costs rise faster than any other segment of the economy, the upward pressure on premiums will be significantly reduced.

Single payer reduces everyone’s costs.