To the Editor:
The Affordable Health Care Act mandates insurance for those who lack it. For the poorest, the federal government defrays the costs. The federal government can issue the funds and its borrowing costs are low, whereas states cannot supply the funds. States are accepting this course, helping their economies.
However, only single payer health insurance for all, not in effect, would cover all costs or be affordable. The Medicare system is non-competitive and it succeeds for that reason, as it wastes no money for administrative overhead, lobbyists, paying CEOs millions in bonuses, posh offices, or limiting care. Sixty-two percent of personal bankruptcies are the result of insurance shortage or serious illness, a 50 percent increase from 2001.
An expanded Medicare single payer for all, over and under 65, would deny no treatment. The federal government pays the funds that it receives from employees and employers in payroll taxes.
Doctors and hospitals spend billions meeting insurers’ documentation.
The Affordable Health Care Act is vital health care for those uninsured. Single payer for all ages must include all insurance systems. Most developed nations have such health insurance.