r/FluentInFinance • u/The-Lucky-Investor • 13d ago
“Medicare for All” would save the U.S $5.1 Trillion over 10 years Discussion/ Debate
https://www.commondreams.org/news/2018/11/30/easy-pay-something-costs-less-new-study-shows-medicare-all-would-save-us-51-trillion
21.5k
Upvotes
9
u/GeekShallInherit 13d ago
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.
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/