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 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.