NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

I'm not advocating a single payer plan, but to those who put it down, how do you explain all the countries who have it, and where medical costs are substantially cheaper than here. Certainly in some case I've heard things take longer in Canada, and that may be true in the U.K. etc but I really don't know.

I believe that like Medicare, if you have Medicare as the single payer, you also have the choice of supplemental insurance with a variety of options from free, essentially managing your Medicare, to greater coverage which covers more, lessens co-pays, etc.

If Insurance companies can provide better service than Medicare, it won't ever come down to single payer, but if a Medicare option is available it will evolve into single payer as people choose Medicare over their independent insurance providers.

A Doctor friend has told me the overhead costs of medicare are in single digits, for most health insurance it's roughly 50%. Clearly, the patient can get far more from the system if 50% of their money isn't spent on overhead costs.

Gary