New study suggests Medicare for All would save $5.1 trillion over 10 years

[Jim Morrison]

https://jacobinmag.com/2018/12/medicare-for-all-study-peri-sanders

Medicare for All advocates just received an early holiday present: a new study 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. It’s the most robust, comprehensive study yet produced on Medicare for All, which has long been in need of easily citable research.
The study analyzes Sen. Bernie Sanders’s Medicare for All Act from top to bottom, elaborating on several key aspects of the bill, including what the transition to a fully public, comprehensive, free-at-the-point-of-use health care system might look like and what impact the program will have on US residents. Most significantly, it answers the most common question single-payer advocates face: “How will we pay for it?”
The findings are impressively thorough. Reaching nearly two hundred pages in length, the report has been praised by health policy experts for its sound methods and clarity. Alison Galvani of the Yale School of Public Health predicts it will become recognized as the “seminal analysis” of Medicare for All.
Long plagued by accusations of ambiguity and impracticality, Medicare for All now has credible economic research its advocates can cite to supplement their core arguments: that single-payer health care will be a major working-class victory, that it will save lives, and that it will represent a seismic shift toward a more just, solidaristic society.

I can't find any mainstream sources talking about this. The magazine reporting on this is left-wing but it's very well sourced. The full article has much more detail and goes into exactly how much it costs, what needs to happen tax wise, where the savings come from etc.

[Borealis]

No amount of money it could save would change the Republicans' minds.

[Zonesylvania]

taxation is theft and muh bootstraps :ancap:

[legolover122]

But that's C O M M U N I S M

[SIRIUS]

The less money the government has, the more public assets the government can justify selling and privatizing. The GOP isn't looking to save money. They're corporate shills. That's it.

[Humin]

200 pages god damn

[gman003-main]

Does the doctor/hospital part of the healthcare industry donate much to the GOP? One of the points I got from reading the abstract of the actual paper was that they expect health care utilization to rise - formerly uninsured/underinsured people gaining access to and using healthcare. Increased demand would lead to increased revenue and thus increased profits. Only the health insurance industry would lose out in their models.

The Republicans would never go for this exact proposal - their plan for funding it involves some direct taxes on the rich and big business, who basically own the GOP. But other than the exact way it's funded, it might be palatable.