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"a new study [0] from the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst finds that single-payer health care will save t
by ranie93 7y ago
"a new study [0] from the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst finds that single-payer health care will save the US $5.1 trillion over a decade while drastically cutting working-class Americans’ health spending." [1]
"Blahous’s paper[2], titled “The Costs of a National Single-Payer Healthcare System,” estimates total national health expenditures. Even though his cost-saving estimates are more conservative than others, he acknowledges that Sanders’s “Medicare for All” plan would yield a $482 billion reduction in health care spending, and over $1.5 trillion in administrative savings, for a total of $2 trillion less in overall health care expenditures between 2022 and 2031, compared to current spending." [3]
[0] https://www.peri.umass.edu/publication/item/1127-economic-analysis-of-medicare-for-all https://www.peri.umass.edu/publication/item/1127-economic-an...
[1] https://www.jacobinmag.com/2018/12/medicare-for-all-study-peri-sanders https://www.jacobinmag.com/2018/12/medicare-for-all-study-pe...
[2] https://www.mercatus.org/system/files/blahous-costs-medicare-mercatus-working-paper-v1_1.pdf https://www.mercatus.org/system/files/blahous-costs-medicare...
[3] https://theintercept.com/2018/07/30/medicare-for-all-cost-health-care-wages/ https://theintercept.com/2018/07/30/medicare-for-all-cost-he...
- linuxftw 7y agoStudies like these are worse than worthless. Just look at any recent major public works project for an example of cost overruns. Here's how we could lower costs for Americans overnight: Allow importation of prescription medicines. Medicare for all will lead to doctors for none. It's really hard to get appointments from places that accept Medicare, it's just not worth the hassle for many doctors to deal with them.
- ranie93 7y ago[citation needed]
- notfromhere 7y ago"This study is worthless, but here's my unsubstantiated opinion instead" is a weird argument.
- shstalwart 7y agoNot really. It's pretty evident at this point that most publications are basically worthless.
- notfromhere 7y agoYou've said the same thing with zero evidence, again.
- linuxftw 7y agohttps://sf.curbed.com/2019/5/2/18527196/high-speed-rail-california-cost-estimate-overbudget-sf https://sf.curbed.com/2019/5/2/18527196/high-speed-rail-cali...
- Wheaties466 7y agoI have no doubt it would save money. But my point was that healthcare companies would no longer be seeing that 5.1 trillion dollars and as a result those companies would lose value and tank the economy. I just counted 62 Healthcare companies in the S&P 500. 5.1 trillion of lost revenue to those companies would be detrimental to the economy.
- ranie93 7y agoMy own back of the napkin calculation: 5.1T / 10 Years = .51T / Year Current US Stock Market Cap: 153% of 21T = 53T [0][1] .51T of 53T = 0.9% For reference; the 2000s bubble had the stock market decrease by 36% over 3 years, the 2008 bubble 45% over 2 years [0]. I'd say "tank the economy" is an overstatement. I'm glad to be shown otherwise _with sources_ [0]https://fred.stlouisfed.org/series/DDDM01USA156NWDB https://fred.stlouisfed.org/series/DDDM01USA156NWDB [1]https://fred.stlouisfed.org/series/GDP https://fred.stlouisfed.org/series/GDP
- Wheaties466 7y agoI'll be the first the admit this is an opinion i've completely come up with it by myself with no research or statistics to prove other wise.