[x]Blackmoor Vituperative

Thursday, 2020-02-20

The real cost of “Medicare for all”

Filed under: Fine Living,Health,Politics — bblackmoor @ 20:15

Taking into account both the costs of coverage expansion and the savings that would be achieved through the Medicare for All Act, we calculate that a single-payer, universal health-care system is likely to lead to a 13% savings in national health-care expenditure, equivalent to more than US$450 billion annually (based on the value of the US$ in 2017). The entire system could be funded with less financial outlay than is incurred by employers and households paying for health-care premiums combined with existing government allocations. This shift to single-payer health care would provide the greatest relief to lower-income households. Furthermore, we estimate that ensuring health-care access for all Americans would save more than 68,000 lives and 1.73 million life-years every year compared with the status quo.

“The Lancet”, Volume 395, ISSUE 10223, P524-533, February 15, 2020