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Re: Medicare 4 All is a huge cost saver - why are GOP screaming NO

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So many Democrats have their hands in the Corporate money trough, full of dollars from the Pharmas, the Insurance Giants and the Huge Corporations that own so many of the provider groups across America, that they do not want to go against them by supporting Medicare for All or anything similar. This is basically the same reason they have never actually took action to raise taxes back up since Reagan was in office. We need more Progressives in the Democratic Party.


Only Thing Man Learns From History Is Man Learns Nothing From History
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Medicare 4 All is a huge cost saver - why are GOP screaming NO

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   How many analysis have been done that agree with the basic assessment that M4A is a cost saver?  At least 22,  including one from Mecatus Center.    

 

    

Administrative savings from Medicare for All would be about $600 billion a year. Savings on prescription drugs would be between $200 billion and $300 billion a year, if we paid about the same price as other wealthy countries pay for their drugs. A Medicare for All system would save still more with implementation of global health care spending budgets.

Even more savings are possible in a Medicare for All system because, like every other wealthy country, we would have a uniform electronic health records system. Such a system generates additional savings because system problems would be easier to detect and correct. A uniform claims data system helps reduce health care spending for fraudulent services. In 2018, total U.S. health care costs were $3.6 trillion, representing 17.7 percent of GDP.

 

Savings are in part a function of the benefits Medicare for All covers. The Mercatus report and others projected savings, even with the elimination of deductibles and out-of-pocket costs.

 

https://thehill.com/blogs/congress-blog/healthcare/484301-22-studies-agree-medicare-for-all-saves-mo...

PRO-LIFE is Affordable Healthcare for ALL .
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