Many Americans see a single-payer health system as our salvation. While we may get there in time, the expectation that such a system solves health care cost problems is overstated.
Read the following from the UKs National Health Service Annual Report.
53. The NHS has faced a significant financial challenge in 2015-16, with the NHS provider sector ending the year with an approximate net £2.45 billion financial deficit, this is detailed separately in the financial performance summary section.
£10bn. Increase in annual funding by 2020-21
54. Working with HM Treasury, the Department secured a £10 billion real terms increase in annual NHS funding in England by 2020-21, of which the NHS will receive £3.8 billion more in 2016-17 and almost £6 billion within two years.
SOURCE: Latest Annual Report from the U.K. NHS