Analytic Consensus that Single-payer would Reduce Health Expenditures while Providing High-quality Insurance to All in U.S.

Analytic Consensus that Single-payer would Reduce Health Expenditures while Providing High-quality Insurance to All in U.S. Background “The United States is the only high-income nation without universal, government-funded or -mandated health insurance employing a unified payment system. The US multi-payer system leaves residents uninsured or underinsured, despite overall healthcare costs far above other nations. Single-payer […]

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U.S. Spends $2,500 Per Person on Healthcare Administrative Costs vs Canada’s $550

U.S. Spends $2500 Per Person on Healthcare Administrative Costs vs Canada’s $550 “..The U.S. now spends nearly five times more per person on health care administration than Canada does. The U.S. administrative costs came out to $812 billion in 2017, or $2,497 per person in the U.S. compared with $551 per person in Canada, according […]

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A Public Option Forgoes at least 84% of Administrative Savings

A public option forgoes at least 84% of administrative savings “[The public option] forgoes at least 84 percent of the administrative savings available through single payer. The public plan option would do nothing to streamline the administrative tasks (and costs) of hospitals, physicians offices, and nursing homes, which would still contend with multiple payers, and […]

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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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Reducing Bureaucratic Waste Would Save $140 Billion Annually

Reducing Bureaucratic Waste Would Save $140 Billion Annually “The fiscal case for NHI arises from the observation that bureaucracy now consumes nearly 30% of our health care budget, as well as the fact that this enormous bureaucratic burden is a peculiarly American phenomenon. Our biggest HMOs keep 20%, even 25%, of premiums for their overhead […]

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Simplified Administration Could Save Over $500 Billion Per Year

Simplified Administration Could Save Over $500 Billion Per Year “Around one-third of U.S. health care dollars are spent on administrative functions, including insurance company overhead; administrative costs of hospitals, practitioners, nursing homes and other providers; and costs incurred by employers in managing their workers’ benefits. Studies have routinely found that the United States has the […]

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