Study Shows Medicare for All Could Save US $600 Billion Annually on Paperwork and Other 'Useless Bur
The study's authors noted that U.S. healthcare providers impose "a hidden surcharge" on patients "to cover their costly administrative burden." U.S. insurers and providers spent $2,497 per person on healthcare administration in 2017 while Canada spent just $551 per capita, the study found.
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If the U.S. brought spending on healthcare administration to Canadian levels, the study found, it could save $600 billion a year on total national healthcare expenditures.
"Medicare for All could save more than $600 billion each year on bureaucracy, and repurpose that money to cover America's 30 million uninsured and eliminate co-payments and deductibles for everyone," Dr. Steffie Woolhandler, a senior author of the study and co-founder of PNHP, said in a statement.
Himmelstein echoed that point in an interview with TIME. "The difference [in administrative costs] between Canada and the U.S. is enough to not only cover all the uninsured but also to eliminate all the copayments and deductibles, and to amp up home care for the elderly and disabled."
"And frankly," he added, "to have money left over."
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Consumer advocacy group Public Citizen highlighted the new study on Twitter and noted that it undercuts insurance industry fearmongering about the supposedly enormous costs of implementing Medicare for All.
"Industry wants you to think universal healthcare is too expensive," Public Citizen tweeted. "In reality, it's our current system that's a wasteful, unsustainable disaster."
https://www.commondreams.org/news/2020/01/07/study-shows-medicare-all-could-save-us-600-billion-annually-paperwork-and-other
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