Yale Study Says Medicare for All Would Save U.S. $450 Billion Prevent Nearly 70,000 Deaths a Year

Yale Study Says Medicare for All Would Save U.S. $450 Billion, Prevent Nearly 70,000 Deaths a Year

Medicare for All Act, has the potential to transform the availability and efficiency of American health-care services.

@SenSanders is right!

No more premiums.
No more co-payments.
No more deductibles
No more out-of-control prescription drug prices. Medicare for All means significant reductions in health care costs for American families

Three people own more wealth than half of America. 13 million people are working two or three jobs to make ends meet. That is going to change when we make corporate America put workers on corporate boards and have a share in their companies’ profits.

Summary

Although health care expenditure per capita is higher in the USA than in any other country, more than 37 million Americans do not have health insurance, and 41 million more have inadequate access to care. Efforts are ongoing to repeal the Affordable Care Act which would exacerbate health-care inequities. By contrast, a universal system, such as that proposed in the Medicare for All Act, has the potential to transform the availability and efficiency of American health-care services. 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.

Feb 19, 2020

As the Democratic presidential hopefuls prepare to take to the debate stage tonight, we turn to a central issue of the campaign: Medicare for All. In a new study, Yale scholars have found that Medicare for All will save Americans more than $450 billion and prevent 68,000 deaths every year. The study in The Lancet — one of the oldest and most prestigious peer-reviewed medical journals — found that Medicare for All, supported by Bernie Sanders and Elizabeth Warren, will save money and is more cost-effective than “Medicare for All Who Want It, “a model supported by Pete Buttigieg. Sanders referenced the study at a campaign rally in Carson City, Nevada. For more, we go to New Haven, Connecticut, where we’re joined by Alison Galvani, director of the Center for Infectious Disease Modeling and Analysis at Yale’s School of Public Health. She is the lead author of the new Lancet study, “Improving the prognosis of health care in the USA.”

TRANSCRIPT

https://www.democracynow.org/2020/2/19/lancet_report_medicare_for_all

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