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Health Insurance Reform - What You Need To Know About Single-Payer Option And Private Health Insurance

Last month Town Hall meeting saw cries and woes where most people wanted Obamas government to stay away from their Medicare policies. Some of these people said that they were afraid of Obamas because he is a socialist. There are also a number of citizens who expressed their thought during the health care debate. Some of them had exposed a number of misconceptions associated with present bills as well as the universal health care idea.

The definitions stated below should be able to clear these misconceptions and worries on president Obama role in the Health Insurance Reform:

1.    Government-Run Health Care System - Doctors are concerned as government employees working in hospitals that are run by the government organizations.

2.    Public Option - Government will fund an insurance plan to compete with the private funded insurance plans present in the current market.

3.    Single Payer - Under this option no premiums are require, every individual is cover irrespective of their age and income. Doctors and hospitals will remain private.

Always keep in mind that health care debates are generally not trying to change everything that has long been followed. No one wants an entire government run health care system. In case anyone is ever stating these statements, then you can always be sure that they certainly are trying to mislead people.

Most of the public opinion has always been argued and talked about is definitely the government run plan which competes with the private plans. Both will certainly let you make your own choice of a doctor. So when comparing to present insurance plans, the public option certainly does not let anyone discriminate the already existing conditions. It allowed anyone to have health care insurance plans and at the same time controlling the cost of health care.

But you can always be sure of one thing, that is the public option certainly does not warrant any support that is in fact unconditional. In spite of everything and it benefits, this may never be able to stand next to private plans because of cost. There still shall be administrative expenses and this can be estimated to nearly billions every year.

When speaking of the single payer system it only focuses on health care and drives profits away. The result is that government has to pay for all the health care instead of the insurance companies by the means of taxes. Under these circumstances both medical institutions and doctors shall be private and independent of government. Most of the Americans can still pick up their own doctors. This system of health care eliminates most of the insurance companies, as without the presence of any private organization most of the money may only be spent on advertisements and bonuses for CEO and managers. But all this is put in for health care for patients and also tax payers. This policy may certainly improve the condition of finance and health care for Americans.

How much would this system actually save? It is an estimate value of $387 billion yearly based on H.R. 676. So for nearly 95% of Americans the cost of single payer would be very much less as compared to paying insurance to private companies. A number of researches conducted by Dean Baker, (co-founder/Co-director) C.E.P.R (center for research and economics) stated that in case of single payer a family consisting of three members would have outspend around $1900 on health coverage by means of taxes and not $11,000 by means of premiums.

A number of other studies conducted by Lewin group stated that this system of single payer certainly would reduce the cost of administration to save money for Americans. Near 59% of Americans do support single payer according to Reuters.

In case you want to give private insurance companies a halt then single payer is the only solution and this is also considered as most effective and democratic solution to approach health care debates.

There are a number of factors that actually pull the public support away from single payer system like aggressive public campaign, and less media coverage. But a single payer bill like H.R. 676 has also been supported by John Conyers, D-Mich, who is a representative and shall also be presented in the House.