According to the study, the U.S. would save 13 percent in national health-care expenditure and prevent more than 68,000 unnecessary deaths. That is roughly $450 Billion in savings.
By replacing premiums, deductibles, co-payments and out-of-pocket costs with a progressive tax system, Medicare for All will not only save the average family around $2,400 a year, but also give lower-income families access to the services they need, states IFL Science!
Advocates for the bill, like Senator Bernie Sanders, applauds the new study saying: “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. 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.”
This study helps quiet several attacks made on Medicare for All from the private healthcare industry as doctors and hospitals would see a savings in cost and more time to devote to patients.
Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction