Basic Health Care
A New Economy can ensure quality healthcare that’s affordable
Universal basic health care is a government system that provides and solvent guarantee of free basic health care to all citizens. While many western European countries have universal health care, expansions of a broken Medicare and Medicaid model in the U.S. have been our historical approach to expanding necessary minimal coverage. A better solution to fund and operate American Medical Accounts (AMA) is achievable!
The AMA Plan
Healthcare in the U.S. averages about $10,000 per person, which is three times more than what other developed nations pay. In Israel, for example, healthcare averages about $2,000 per person. But how can the U.S. ensure quality care that is affordable? The American Medical Accounts (AMA) plan is one solution that would be efficient and effective under a payments tax plan. Using an AMA, the federal government would deposit a monthly cash benefit in a medical savings account for individuals who would choose to spend it on insurance or directly to less costly provider groups.
Provider groups are groups of doctors that collectively take care of patients in exchange for a monthly fee paid directly to them.
In the case of the American Medical Accounts (AMA) plan, the government would provide the fee that pays a provider group and would ensure the quality of care that patients receive, but leave decisions on procedures to doctors and patients. Such a plan would assure free basic healthcare to all Americans.
No More Per Procedure Costs
No More Uninsured Americans
Most insurance is provided privately through employers, but the federal government funds two major subsidized programs: Medicare and Medicaid. Even with both private and publicly funded healthcare, about 12%, or 3.2 million Americans, are uninsured.
This system does away with that by paying healthcare providers in Provider Groups from the payments tax.
Lower Costs For Record Keeping
Freedom To Change Providers
The AMA plan adds up to $1.6 trillion, and replaces the current healthcare system, which would save the nation approximately $1 trillion. This would provide healthcare for all Americans, at little to no cost to the patient, under a payments tax plan. People could pay additional fees for services not covered through the AMA. The AMA plan would cost someone earning $100,000 just $32 per year.
Better Care For Lower Cost
The goal would be to provide better care and more choice at a lower cost. Based on the current cost of providing Medicare and Medicaid, the AMA plan would work on the payment schedule below, with the benefit to the blind and disabled paid in addition to the age group benefit:
Demographic Group Annual Benefit
76 million children $2,500/year
64 million adults (19–34) $3,500/year
77 million adults (35–54) $5,000/year
50 million adults (55–69) $7,500/year
17 million adults (70–79) $10,000/year
11 million adults (80+) $15,000/year
10 million blind/disabled $10,000/year