New study says that Medicare For All will save Americans $450 billion and prevent 68,000 unnecessary deaths every year
A new study by a team of epidemiologists published on Saturday, found that that Medicare for All will save Americans $450 billion and prevent 68,000 unnecessary deaths each and every year. This study was approved by one of the candidate for 2020 presidency Senator Bernie Sanders.
“This study confirms that Medicare for All will save the American people $450 billion on health care costs and will prevent 68,000 unnecessary deaths – each and every year,” Sanders said. “In other words, guaranteeing health care as a human right by creating a Medicare for All system will cost substantially less than our current dysfunctional health care system. It will save working class families thousands of dollars and it will prevent tens of thousands of Americans from dying each year. While the CEOs in the pharmaceutical and health insurance industry may not like it, we will end their greed and enact Medicare for All when I am president.”
According to the study, by replacing premiums, deductibles, co-payments and out-of-pocket costs with a progressive tax system, Medicare for All will save the average family thousands of dollars each year and will provide lower-income households the greatest relief.
Struggling hospitals serving low-income communities would be particularly helped by Medicare for All by eliminating uncompensated care, increasing Medicaid reimbursement rates to Medicare levels, and reducing administrative overhead, according to the study.
Last month, Plos medical Journal found that 19 out of 22 studies done over the past 30 years concluded that moving to a Medicare for All, single-payer health care system would cost less than our current health care system in the first year, and all of the studies showed that it would cost less within a decade of implementation.