Multiple Insurers are Intrinsically More Costly than Single-payer Systems such as Canada’s

Multiple insurers are intrinsically more costly than single-payer systems such as Canada’s “A system with multiple insurers is also intrinsically costlier than a single-payer system. For insurers it means multiple duplicative claims-processing facilities and smaller insured groups, both of which increase overhead. Fragmentation also raises costs for providers who must deal with multiple insurance products […]

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Medicare for All Covers All Medically Necessary Services

Medicare for All (as described in the former H.R. 676) Covers All Medically Necessary Services “SEC. 102. BENEFITS AND PORTABILITY. (a) In General.—The health care benefits under this Act cover all medically necessary services, including at least the following: (1) Primary care and prevention. (2) Approved dietary and nutritional therapies. (3) Inpatient care. (4) Outpatient […]

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Funding Improved Medicare for All Would be Progressive, Lifting Burden from Individuals

Funding Improved Medicare for All Would be Progressive, Lifting Burden from Individuals “Government spending on health care would increase substantially under a single-payer system. In 2017, just under half of the $3.5 trillion in national health care spending came from private sources. Shifting a large amount of expenditures from private to public sources would significantly […]

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Households Earning $30k to $130k would save the Most Money with NIMA

Households Earning $30k to $130k Would Save the Most Money with NIMA “Improved Medicare for All will redistribute income by reducing the burden of health-care costs on the sick and disabled, redistributing the burden of health-care finance from lump-sum payment insurance premiums to tax payments associated with income.51 The redistributive effect will depend, of course, […]

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Medicare For All expands Medicare to the Entire Population and corrects its Deficiencies 

Medicare for All expands Medicare to the entire population and corrects its deficiencies “The NHP can be conceptualized as an expansion of Medicare to the entire population, with correction of that system’s deficiencies– most glaringly, high cost sharing, limitations on coverage, and subcontracting to wasteful private plans. By dramatically reducing administrative costs and other inefficiencies, […]

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NIMA Savings Enough to Cover the Uninsured and Upgrade Benefits for All

NIMA Savings Enough To Cover The Uninsured and Upgrade Benefits for All “Under the single-payer system created by HR 676, the U.S. could save an estimated $592 billion annually by slashing the administrative waste associated with the private insurance industry ($476 billion) and reducing pharmaceutical prices to European levels ($116 billion). In 2014, the savings […]

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Current Healthcare Revenues Would Be Funneled into NIMA

Current Healthcare Revenues Would Be Funneled into NIMA “..The program would be supported using currently dedicated revenues and additional taxes. Available revenues include federal funds committed to Medicare, Medicaid, and other federal programs, plus state revenues currently paid into the Medicaid system and those dedicated to school health and other state programs..” “Currently available funding […]

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$1099 Billion in Potential Savings with Medicare for All

$1099 Billion in Potential Savings in 3 Spending Categories Savings in provider administration, $192 billion; Savings from eliminating private insurance, $258 billion; Savings from using Medicare-negotiated rates (reduces costs of hospitals, drugs, and medical devices), $649 billion. Total savings, $1099 billion. “Note: This figure shows potential savings in 2019 from an Improved Medicare for All […]

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Savings Dramatically Reduce Need For Additional Revenues

Savings Dramatically Reduce the Need for Additional Revenues   “..Overall, the ten-year national savings on health-care expenditures range from a low of over $6 trillion to a high of over $13 trillion. In every model tested, Improved Medicare for All is cheaper than the current system even while providing improved health care. The savings dramatically […]

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