that would save hundreds of billions of dollars in administrative spending, and relieve patients of the hassle of dealing with their insurer.
They'd pay no premiums and have "virtually no" out-of-pocket costs, according to Warren. They'd have expansive health benefits, including long-term care, audio, visual, and dental.providers would see drastic payment reductions. Hospitals would be paid an average of 110% of Medicare rates, with adjustments for rural and teaching hospitals — still much lower than what private insurance pays.
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