Nationalized stuff means that the government negotiates lower prices with health care providers and pharmaceuticals, at least that's the way it works in other countries. Although Lockheed Martin and other private contractors for public services have lately been able to go way over budget, so I kinda of question our government's ability to buy in bulk and negotiate lower prices at this point...
You can also prioritize preventative healthcare which makes people more healthy so that they dont have to use the expensive corrective medicine. Insurance companies work off of risk of having to use service at all so they would rather pay for part of your heart bypass than for you to go to a doctor on a regular basis so you know that your arteries are getting bad and to eat healthy to prevent a bigger problem. Since health problems come more often when people get old, and old people are on government Medicare, most of the risk is passed on to the government and they dont get to collect on those 65 years you are more healthy.
Since health problems come more often when people get old, and old people are on government Medicare, most of the risk is passed on to the government and they dont get to collect on those 65 years you are more healthy.
Yep, it's why preexisting conditions existed. It was a way to regulate their risk, because preexisting conditions is not a risk, but a loss.
The healthy pay for the sick through insurance, while Medicare picks up a major portion of high risk. Unlike Medicare, insurance have a large pool of young and healthy to cover the cost of the sick. It's why places like harritage like to use avarage cost of the patient, because they rely on people not realizing that Medicare covers higher risk folks than insurance does. Medicare patients are simply more expensive.