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Medicare for All Would Save $450 Billion Annually while Preventing 68,000 Deaths, New Study Shows
Key Excerpts from Article on Website of Newsweek
Posted: March 3rd, 2020
https://www.newsweek.com/medicare-all-would-save-450-billion...
The Medicare For All plan proposed by Democratic presidential candidates Bernie Sanders and Elizabeth Warren would save taxpayers hundreds of billions of dollars each year and would prevent tens of thousands of unnecessary deaths, a new study shows. The analysis ... found that transitioning the U.S. to a single-payer health care system would actually save an estimated $450 billion each year, with the average American family seeing about $2,400 in annual savings. The research, which was published Saturday in the medical journal The Lancet, also found that Medicare for all would prevent about 68,000 unnecessary deaths per year. Overall, the new research anticipates annual savings of about 13 percent in national health care costs, while providing better health care access to lower-income families. According to the study, about 37 million Americans do not have health insurance, while an additional 41 million people do not have adequate health care coverage. Taken together, about 24 percent of the total population does not have health care coverage that meets their needs. "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," the authors wrote in the study. The authors also noted, as [Democratic presidential candidate Bernie] Sanders often does when discussing Medicare for all, that health care expenditures in the U.S. are "higher" per capita "than in any other country."
Note: The incredible amount of corruption in US health care makes it the most costly in the world. Could universal health care help to curb the corruption? The Lancet study described above is available here. For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
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