InvestorsHub Logo
icon url

fuagf

01/13/14 11:56 PM

#216802 RE: F6 #216796

In Australia, contrary to the claims of conservatives in the U.S.A. they would be decimated private insurance companies do flourish alongside our universal healthcare .. there is even a government tax rebate on, not sure of detail, private insurance costs .. it's a percentage for all .. could be means tested, not sure .. ok .. http://www.privatehealth.gov.au/healthinsurance/incentivessurcharges/insurancerebate.htm .. looks it is .. of course, there is ongoing debate on all of it .. should know by now, just when you say single payer do you mean that all private insurance would disappear? .. if so, some here would agree .. i wonder though if ours will ever get to that .. ok, just decided i could check for myself .. ah, that's right, forgot single-payer describes the funding set-up ..

Single-payer health care

Single-payer health care is a system in which the government, rather than private insurers, pays for all health care costs.[1] Single-payer systems may contract for healthcare services from private organizations (as is the case in Canada) or may own and employ healthcare resources and personnel (as is the case in the United Kingdom). The term "single-payer" thus only describes the funding mechanism—referring to health care financed by a single public body from a single fund—and does not specify the type of delivery, or for whom doctors work. Although the fund holder is usually the state, some forms of single-payer use a mixed public-private system. .. http://en.wikipedia.org/wiki/Single-payer_health_care

[...]

Australia

Health care in Australia is provided by both private and government institutions. The Minister for Health, currently Peter Dutton, administers national health policy, elements of which (such as the operation of hospitals) are overseen by individual states. The current system, known as Medicare, was instituted in 1984 and coexists with a private health system. Medicare is funded partly by a 1.5% income tax levy (with exceptions for low-income earners), but mostly out of general revenue. An additional levy of 1% is imposed on high-income earners without private health insurance. As well as Medicare, there is a separate Pharmaceutical Benefits Scheme that considerably subsidises a range of prescription medications. .. http://en.wikipedia.org/wiki/Single-payer_health_care#Australia

Thanks, F6, much appreciated.