Social Uprooting

Social Uprooting

Gerald Friedman: “Medicare for All” would save billions, and could be redistributive.

sarahlee310:

In Dollars & Sense, economist Gerald Friedman makes the case for single-payer:

The Expanded & Improved Medicare for All Act” (HR 676) would establish a single authority responsible for paying for health care for all Americans. Providing universal coverage with a “single-payer” system would change many aspects of American health care. While it would raise some costs by providing access to care for those currently uninsured or under-insured, it would save much larger sums by eliminating insurance middlemen and radically simplifying payment
to doctors and hospitals. While providing superior health care, a single-payer system would save as much as $570 billion now wasted on administrative overhead and monopoly profits. A single-payer system would also make health-care financing dramatically more progressive by replacing fixed, income-invariant health-care expenditures with progressive taxes. This series of charts and graphs shows why we need a single-payer system and how it could be funded.

Here are a few of the charts:

You can see all the charts and read more in this PDF of the article.

(via rockyanderson2012)