And another 9% of their revenues is for useless administration (relative to a single payer system). They estimate that if administration and premiums get cut (a

And another 9% of their revenues is for useless administration (relative to a single payer system). They estimate that if administration and premiums get cut (and thus no profits) as a result of a single payer system, then we would save $615B per year. https://www.peri.umass.edu/publication/item/1127-economic-analysis-of-medicare-for-all https://www.peri.umass.edu/publication/item/1127-economic-an...