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Some of the benefits of the social policy providing national health care includes healthier population and lower overall health care costs. Other benefits includes equal access to the necessary health care and no personal bankruptcies due to the medical bills.
There are three main benefits of socialized medicine:
(1) Universal Coverage: All citizens and residents receive medical care as opposed to some people receiving care because they have private plans and others not receiving care because they do not have private plans.
(2) Medicine Based on Need: Socialized medicine provides medicine to people based on how dire their situation is, not how much money they are willing to pay to the doctors. As a result, people who lack finances are not subject to inferior treatment.
(3) Overall Cost Savings: The sum total spent on healthcare in a country with private healthcare is greater than the sum total spent on healthcare in the same country with socialized medicine because of economies of scale and savings from high prices.
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