“Medicare for All” would save the U.S $5.1 Trillion over 10 years

[u/The-Lucky-Investor]

https://www.commondreams.org/news/2018/11/30/easy-pay-something-costs-less-new-study-shows-medicare-all-would-save-us-51-trillion

[u/GeekShallInherit]

Our peers with universal healthcare are spending literally half a million dollars less (PPP) per person for a lifetime of healthcare while achieving better outcomes. And government plans in the US are, in fact, already more efficient.

Key Findings

• Private insurers paid nearly double Medicare rates for all hospital services (199% of Medicare rates, on average), ranging from 141% to 259% of Medicare rates across the reviewed studies.

• The difference between private and Medicare rates was greater for outpatient than inpatient hospital services, which averaged 264% and 189% of Medicare rates overall, respectively.

• For physician services, private insurance paid 143% of Medicare rates, on average, ranging from 118% to 179% of Medicare rates across studies.

https://www.kff.org/medicare/issue-brief/how-much-more-than-medicare-do-private-insurers-pay-a-review-of-the-literature/

Medicare has both lower overhead and has experienced smaller cost increases in recent decades, a trend predicted to continue over the next 30 years.

https://pnhp.org/news/medicare-is-more-efficient-than-private-insurance/

[u/ConsequenceDesperate → u/GeekShallInherit]

That’s because private health insurance make up the costs for Medicare.

[u/GeekShallInherit → u/ConsequenceDesperate]

And it's more efficient. There's a reason our peers with universal healthcare are achieving better outcomes while spending half a million dollars less per person for a lifetime of healthcare. There's a reason all the research shows we'd save money while getting care to more people who need it with UHC.

[u/ConsequenceDesperate → u/GeekShallInherit]

The system still depends on private healthcare. I mean most hospitals are privately owned. I highly doubt that iMedicare would keep the same rates since hospitals are going bankrupt if Universal Coverage is achieved.

[u/GeekShallInherit → u/ConsequenceDesperate]

I highly doubt that iMedicare would keep the same rates

Weird how that's already factored in to calculations.

https://www.cbo.gov/system/files/2020-12/56811-Single-Payer.pdf

It's almost like people that dedicate their lives to researching topics aren't fucking idiots.

https://journals.plos.org/plosmedicine/article?id=10.1371/journal.pmed.1003013#sec018

[u/ConsequenceDesperate → u/GeekShallInherit]

https://preview.redd.it/eku2dzg3uz7d1.jpeg?width=1170&format=pjpg&auto=webp&s=ab0dcbb8df04c29f67554ddaffed1d593dd4b2cd

[u/GeekShallInherit → u/ConsequenceDesperate]

Jesus Fucking Christ you're a time wasting fuckwit. Best of luck someday not making the world a dumber place. Personally I have better things to do with my life that argue with intentionally ignorant chucklefucks.

[u/ConsequenceDesperate → u/GeekShallInherit]

That’s one estimate and the other is a literature review and the conclusion is still not clear

https://preview.redd.it/gdn8iznwtz7d1.jpeg?width=1170&format=pjpg&auto=webp&s=3622e3313cbd2ca6566902c8d4efd698f5ec426c

[u/GeekShallInherit → u/ConsequenceDesperate]

That’s one estimate

The second link is a meta-analysis of all the top peer reviewed research on the topic. Thanks for confirming you're an intentionally ignorant, time wasting muppet that argues without even reading the links.

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ZOMG! As much as $36 trillion dollars over a decade? You realize healthcare spending from 2022 to 2031 under current law is expected to be $57 trillion, right?

[u/bellj1210 → u/ConsequenceDesperate]

Bankrupt and gone are 2 different things.

If a company goes bankrupt what they owned does not fall into some weird cliff where nothing will ever return. In a Chapter 7 they are generally sold to the highest bidder. Things that were worthless to start with will not have a bidder. In this case, the US government can always step in and purchase the property and facilities that make up the hospitals in the chapter 7 bankrutpcy.

No need to nationalize them, they get just compensation after their industry no longer functions- and that is very very little in a bankrutpcy.

If there was a will to get there- the nationalization could be dirt cheap. Step 1 is regular regulatory power stuff- basically make it so there is no way to extract a ton of profit from sick people. Biden is already doing some of the lower hanging fruit stuff on that front.... Eventually it stops being profitable, and the bankrutpcies start- and the government nationalizes through that process when no one with any sense wants to step in..... it would be fun to watch developers think they are buying the property for pennies and then be handed the same amount back with emminent domain.