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What are the advantages and disadvantages of a single-payer healthcare system?
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Advantages of a single-payer healthcare system include increased access to health care, decreased administrative costs due to one provider, reduced cost shifting from public payers to private insurers, and improved quality of care.2 Disadvantages of a single-payer healthcare system may include higher taxes for individuals and businesses, potential rationing of services, less competition among providers, and difficulty in controlling medical costs.