Super Dave wrote:
Does this ring a bell?
. If you like your Doctor, you can keep your Doctor.
. If you like your plan, you can keep your plan.
.A family of 4 will pay $2500.00 less
If you believe these same assholes that lied about Obamacare, you like being cheated.
I only heard obammy state that lie. Do you think the average family of 4 and/or their employer would rather continue paying $2000+/month for health INSURANCE that may or may not pay any claims after a high deductible and co-pays or would they rather pay $1000/month with no deductible or co-pays and be covered for any and all health CARE needs?
Best estimate I have seen:
Substantial savings
Something that often gets lost in the debate over the cost of single-payer is that its implementation would lead to a host of savings that make the bill to taxpayers a lot less than the sticker price.
I estimate that a full single-payer system would likely save almost 19 percent of current spending, or about $665 billion for 2017. A simple Medicare expansion wouldn’t save quite as much but it’d still be significant.
So where would the savings come from?
To begin with, studies show that medical billing is more expensive in the U.S. than in many countries.
The U.S. health care system spends twice as much as Canada, for example, because more “payers” means more complexity. Savings from a simple Medicare expansion could reduce this waste by about $89 billion a year.
Another source of savings is on insurance administration. Private insurers spend more than 12 percent of total expenditures on overhead, compared with around 2 percent for Medicare. Savings from moving everyone to Medicare would approach around $75 billion because of economies of scale, lower managerial salaries and more meager marketing expense.
A third way a simple Medicare expansion would yield savings is by reducing the ability of hospital monopolies to overcharge private insurers. Medicare, in contrast, is able to pay 22 percent less for the same services because of its size. If all Americans used Medicare savings on hospital costs could exceed $53 billion.
These three areas then would save just under $220 billion, bringing the cost down to $618 billion.
One small step
While $618 billion still seems like a hefty price tag, taxes wouldn’t have to be raised much to pay for it.
For starters, most everyone would pay the premiums already charged by Medicare. This would generate an additional $210 billion in revenue from premiums.
In addition, a Medicare expansion would reduce the need for two current insurance subsidies: one for employer-provided insurance plans and another that the ACA provides insurers. This would save about $161 billion.
This leaves about $246 billion that would still need to be raised through additional taxes. This could be done with an increase in the Medicare tax that gets deducted from your paycheck. The tax, which is split evenly between employee and employer, would need to rise to 5.9 percent from 2.9 percent today. This would amount to just under $15 a week for the typical employee.
Campaigns for universal health insurance coverage have failed in the United States when they run up against the cost of providing coverage. Medicare, America’s greatest success in advancing health care, succeeded precisely because it was limited and had its own dedicated funding streams.
http://theconversation.com/medicare-for-all-could-be-cheaper-than-you-think-81883#comment_1405377