The 200-page analysis of Bernie Sanders’ Senate bill comes from the University of Massachusetts-Amherst’s Political Economy Research Institute (PERI), and finds that Medicare for All will save the US $5.1 trillion over 10 years while drastically cutting ordinary Americans’ healthcare expenses. And many health policy experts believe that's a conservative estimate!

At long last, Medicare for All advocates have credible economic research to supplement our most important arguments: that single-payer healthcare will save lives, end healthcare insecurity, and help us build a more just society anchored by solidarity.

A look at a few of the study’s key findings:

  • The average individually-insured family would save nearly $8,400 per year under Medicare for All. The average employer-insured family would save $1,570.
  • Bernie’s Medicare for All bill will cut overall health spending by at least 9.6% — saving Americans more than $5.1 trillion over 10 years — while guaranteeing comprehensive care to all Americans free at the point of service.
  • The wealthiest 5 percent of families ($401,000+) currently receive a net subsidy in healthcare spending, meaning the tax subsidies they receive amount to more than what they spend on healthcare. Under Medicare for All, they would begin spending 4.7 percent of their income in healthcare taxes.

The study’s proposed taxation methods would fully fund Medicare for All and leave it with a 1 percent surplus, which would in turn fund the bill’s jobs program for displaced insurance industry workers. This would include full wage replacement, job training, relocation support, and retirement assistance.

  • from the DSA Medicare for All newsletter
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