Not only is Medicare a third-party-payor, but it is actually “single payer” for the elderly.

Lawrence Huntoon, MD, PhD explains:

Did you know that despite Section 1803 of Title 18 of the Social Security Act (Medicare), which says:

“Nothing contained in this title shall be construed to preclude any State from providing, or any individual from purchasing or otherwise securing, protection against the cost of any health services,” the government destroyed the private insurance market following implementation of Medicare. That means, that citizens 65 and over cannot purchase private insurance with better coverage than rationed Medicare, even if they wanted to, because no private plan for those 65 and over exists.

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