Single-payer healthcare

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Single-payer healthcare

Single-payer healthcare (pronunciation: /ˈsiŋɡəl ˈpāər ˈhelTHˌker/) is a type of healthcare system where a single public or quasi-public agency organizes health care financing, but the delivery of care remains largely in private hands.

Etymology

The term "single-payer healthcare" originates from the concept that only a single entity, typically the government, pays for all healthcare costs.

Overview

In a single-payer system, the government typically covers the cost of essential healthcare for all residents, regardless of income, occupation, or health status. This is funded by taxes and is designed to provide universal healthcare coverage. The government, as the sole payer, has significant negotiating power to lower healthcare costs.

Related Terms

  • Universal healthcare: A system where all residents of a particular country or region are assured access to health care. It is often organized around providing either all residents or only those who cannot afford on their own, with either health services or the means to acquire them.
  • Public health: The science and art of preventing disease, prolonging life, and promoting health through the organized efforts and informed choices of society, organizations, public and private, communities and individuals.
  • Healthcare system: The organization of people, institutions, and resources to deliver health care services to meet the health needs of target populations.
  • Healthcare coverage: The extent to which a person's healthcare costs are covered by an insurance policy or a public or private program.
  • Healthcare costs: The costs of healthcare in general, including hospital care, physician services, prescription drugs, and all other goods and services.

See Also

External links

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