Five Reasons Why Single-Payer Healthcare Is Good For Business

Five Reasons Why Single-Payer Healthcare Is Good For Business

Lower Administration Costs

Imagine the windfall that businesses will reap when they no longer have to pay for or administer healthcare benefits for full-time employees. Per employee expenses will be lowered immediately and significantly.  The hiring process will be simpler, and human resources departments can be smaller and more efficient.

Employee Stability

For millions of wage earners, the multiple part-time job nightmare will be a thing of the past. Workers will no longer have to juggle the demands of multiple part-time job. No more scheduling headaches. No more shuttling from workplace to workplace in the course of a day. Even automobile congestion will be mitigated.

Specialization - The Full-Time Advantage

Full-time employees are more dedicated and less likely to be transient. Their skills can be specialized to the needs of a particular business, because they won’t have to hold down multiple jobs anymore. The results will be improved job satisfaction, employment stability, and lower stress, all of which have the potential to boost productivity and cut down on absenteeism. 

Preventative Care

Preventative care yields two important benefits. The first is cost savings. It costs less to treat an illness when it’s caught in the early stages. The second benefit is that patients are more likely to recover fully when serious conditions are treated early. Win-Win!

Relief For Hospitals

People without insurance often seek treatment in hospital emergency rooms, because emergency rooms are required to treat patients regardless of their insurance status. This places huge financial and operational burdens on hospitals and staff.

Emergency room treatment is extremely expensive. Patients without insurance can run up huge bills, and in many cases, they simply refuse to pay. The inability to recover these costs has forced many hospitals to close. 

It also depletes resources. Doctors and resources that should be treating emergencies are taken up by patients with routine conditions that could have been handled at a doctor’s office or an outpatient clinic.