Yesterday experts from the Yale School of Public Health, University of Florida, and University of Maryland School of Medicine released a study that analyzed Bernie’s Medicare for All Senate Bill.
And the findings are astounding. A Thread [1/12]:
And the findings are astounding. A Thread [1/12]:
[2/12]The study's purpose: “Project both the economic and life-saving effects likely to be generated by the Medicare for All Act relative to the current American system”
There are 3 main findings. Ensuring health care for all Americans would (1) save more than 68,000 lives
There are 3 main findings. Ensuring health care for all Americans would (1) save more than 68,000 lives
[3/12] (2) It would save 1.73 million life-years every year compared with the status quo, and (3) a universal health care system would save the U.S. $458 billion annually.
Here's the breakdown and where most of the savings come from:
Here's the breakdown and where most of the savings come from:
[4/12] If we applied the fees negotiated by Medicare across all services for all individuals, hospital fees would be reduced by 5.54% and clinical service fees by 7.38%, amounting to annual savings of $100 billion.
[5/12] Administrative overhead costs are 12.4% for insurance companies, while Medicare's admin costs are only 2.2%. If we applied the Medicare overhead rate to the entire system by consolidating all insurance schemes into the Medicare framework, we'd save $219 billion annually.
[6/12] We would save hundreds of millions by capping excessive insurance company CEO payouts:
[7/12] The US Department of Veterans Affairs (VA) has the capacity to negotiate prices that align with the therapeutic value of pharmaceutical drugs and could be a potential model for the federal single-payer health-care system.
[8/12] This bargaining power results in pharmaceutical prices that are 40% lower in the VA system than those under Medicare. Permitting negotiations for pharmaceutical prices with a formulary similar to the VA model would create savings of more than $180 billion per year.
[9/12] The above findings are where most of the savings come from, but this study also delves into savings that would occur from:
- doctors doing less paperwork which helps avoid burnout, and lets them focus on actual caregiving
- doctors doing less paperwork which helps avoid burnout, and lets them focus on actual caregiving
- doing preventative care to avoid citizens suffering form more expensive medical issues in the future by investing more in their health early on.
- Through a single-payer system, 4% of health-care expenditure is estimated to be eliminated through fraud detection.
[10/12]
- Through a single-payer system, 4% of health-care expenditure is estimated to be eliminated through fraud detection.
[10/12]
- enhancing workplace productivity. An example being absenteeism, disability, and premature mortality from diabetes which results in annual productivity losses of $74 billion across the US.
[11/12]
[11/12]
[12/12] We will leave you with the study's call to action, which honestly is something we never anticipated coming from Yale. 
Read the full study here m.imgur.com/a/du4CTxs
