Single payer healthcare

I was browsing reddit today and stumbled across a thread https://www.reddit.com/r/news/comments/3zq3gr/mos… I was reading the comments and I am amazed at how many people don't understand how basic economics works. Now before you scream in outrage that reddit is full of young dumbass kids that don't know shit about anything. I know that, the thing is that you would think that at least by sheer dumb luck that some of these kids would have picked up at least some of the basics of how economics work from their schooling. The biggest thing that stood out is that people seem to think that if we go to a single payer health care system that suddenly and magically everything will be free.

Makes me wonder if in two generations if there will be anyone left on the earth that is smart enough to use any of the things we have created.

3 Comments
 

Can someone explain what Americans mean when they refer to "single-payer healthcare"?

The reason I'm confused is because Americans always use other countries (such as Australia) as examples for the success of single-payer healthcare. This confuses me since, although we have single-payer healthcare, everyone STILL pays cash out-of-pocket for medical consultations.

There seems to be this widespread misconception amongst Americans that single-payer healthcare means that everything is free? Can someone perhaps clarify?

 

Eum optio est est aperiam et consectetur. Aut quidem dignissimos non. Sint molestiae sit quo labore porro ut.

Voluptas laborum eos esse delectus nemo. Cupiditate temporibus eligendi in ut dolorem rerum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”