pugofthewildfrontier

pugofthewildfrontier t1_j1m2qc0 wrote

Gonna need to see your estimate that shows universal health care (not public option) would cost 8-9 trillion per year, since we’re already above 4 trillion per year.

A recent study by Yale epidemiologists found that Medicare for All would save around 68,000 lives a year while reducing U.S. health care spending by around 13%, or $450 billion a year.

Medicare for All spending would be approximately $37.8 trillion between 2017 and 2026, according to a study by the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst. That amounts to about $5 trillion in savings over that time. These savings would come from reducing administrative costs and allowing the government to negotiate prescription drug prices.

Other studies by think tanks and government agencies have analyzed single-payer proposals at the state and federal levels. Most found Medicare for All would reduce our total health care spending.

Even a study by the Koch-funded Mercatus Center found that Medicare for All would save around $2 trillion over a 10-year period.

https://www.citizen.org/news/fact-check-medicare-for-all-would-save-the-u-s-trillions-public-option-would-leave-millions-uninsured-not-garner-savings/

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