The single payer system would become a free for all frenzy that would have to eventually ration care. Canada's system proves this with the waiting lists to see a doctor. Costs would not be decreased at all, in fact they would have to be driven up to save the program from bankruptcy. Compensation for young doctors would also have to decrease, thus causing quality of care and experts to decrease as well. Medical decisions would be taken away from patients and doctors and placed into the hands of the government trying to save money. Death panels for people about to die anyway would be a no brainer.
Countries such as Canada, UK, and Sweden are actively moving away from their single payer systems for these very reasons.
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