Click through to read the whole story, though people are making a big deal out of this and the site has been having trouble with the traffic. The short story is that a Koch-funded think tank called Mercatus tried to score Sanders' Medicare for All bill and highlight its huge federal health expenditure, but buried in a footnote the conclusion that when it comes to all money spent on healthcare nationally, this bill is a substantial bargain. Oops.

http://peoplespolicyproject.org/2018/07/30/mercatus-study-finds-medicare-for-all-saves-300-billion/

Mercatus Study Finds Medicare for All Saves $2 Trillion
Matt Bruenig July 30, 2018

The US could insure 30 million more Americans and virtually eliminate out-of-pocket health care expenses while saving $2 trillion in the process, according to a new report about Medicare for All released by the libertarian Mercatus Center.

In the report, Charles Blahous attempts to roughly score Bernie Sanders’ most recent Medicare for All bill and reaches the somewhat surprising (for Mercatus) conclusion that, if the bill were enacted, the new costs it creates would be more than offset by the new savings it generates through administrative efficiencies and reductions in unit prices.

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"Walleye, a lot of things are going to go wrong in your life that technically aren't your fault. Always remember that this doesn't make you any less of an idiot"

--Walleye's Dad

https://twitter.com/PplPolicyProj/status/1023966415550861312

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Note this has been corrected to reflect a copy/paste error from the spreadsheet. The savings is not $303 billion. It is $2.054 trilion.

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"Walleye, a lot of things are going to go wrong in your life that technically aren't your fault. Always remember that this doesn't make you any less of an idiot"

--Walleye's Dad

It's funny that all the headlines about this story is that the study finds that MC4A would cost 32 trillion dollars.

But of course not one article mentions what healthcare costs all americans and whether that number represents a savings or not.


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"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

You pretty much nailed it. I think that the author, Matt Bruenig, had a pretty understandable (for a layperson like me) distinction between federal health expenditures and national health expenditures.

The former is the 32 trillion figure cited in most media on this study, which is what Mercatus wants:

"Federal health expenditures refer to health spending from the federal government in particular. Since the federal government takes on nearly all health spending under Medicare for All, federal health expenditures will necessarily go up a lot, $32.6 trillion over the ten-year period according to Blahous. But this is more of an accounting thing than anything else: rather than paying premiums, deductibles, and co-pays for health care, people will instead pay a tax that is, on average, a bit less than they currently pay into the health care system and, for those on lower incomes, a lot less."

The latter category, national health expenditures, is a fuller view of the cost to all of us for healthcare. Bruenig writes:

"National health expenditures refer to all health spending from any source whether made by private employers, state Medicaid programs, or the federal government. It is national health expenditures that, according to the report, will decline by $2.054 trillion."

______________________________

"Walleye, a lot of things are going to go wrong in your life that technically aren't your fault. Always remember that this doesn't make you any less of an idiot"

--Walleye's Dad

can handle taking on and handling this expenditure.

Yeah it's just a transfer of whose paying (or rather how we are paying) but it's a big transfer and the bigger question is administering such a huge thing.

That number is enough to scare me from wanting to do it quickly.

I wish there was a scheme in which governments (local and state) can phase into taking on this role if their constituents want it. I've always like the laboratory of states concepts. Mississippi don't want to take it on, let the people of mississippi suffer until they vote to have the same services vermont have.


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"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

>can handle taking on and handling this expenditure.

They obviously can.

>That number is enough to scare me from wanting to do it
>quickly.

You don't have to do anything. Like me, you're just a guy on the internet. Your job is to make as much noise as possible for the most just solution: that a human's ability to live and remain healthy shouldn't have anything to do with the wealth they've accumulated or the job they have.

______________________________

"Walleye, a lot of things are going to go wrong in your life that technically aren't your fault. Always remember that this doesn't make you any less of an idiot"

--Walleye's Dad

were basically leaving $13b on the table every year
and the services that are covered are ....sad at best..in the richest country in the world


what do you say to ppl who argue with facts and research as to why
this will be beneficial?

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touched like midas these bitch ass niggas they study and bite us.

you can hammer them on morality...i basically use vivid language and stories of people living and dying with grotesque conditions so they can preserve a for-profit barbaric model that's inferior to global models that retain connection to human family and community.

*jumps headfirst into an empty swimming pool before I can finish the thought*

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12 play and 12 planets are enlighten for all the Aliens to Party and free those on the Sex Planet-maxxx

XBL: trkc21
Twitter: @tyrcasey

If, for the sake of argument, we assume the good faith of "how are we gonna pay for it?" libs, then we've got a good answer for them.

______________________________

"Walleye, a lot of things are going to go wrong in your life that technically aren't your fault. Always remember that this doesn't make you any less of an idiot"

--Walleye's Dad

They just suck at other things so we ignore when they get stuff right.

don't be fkn evil.

like at times they have posited pretty open stances toward immigration but you get the sense that it's for the purpose of suppressing wages and inflating rents.

And you will know MY JACKET IS GOLD when I lay my vengeance upon thee.