Chart of the Day: The Cost of Medicare for All
Health Care

Chart of the Day: The Cost of Medicare for All

Writing at The Nation, Mike Konczal of the Roosevelt Institute says that supporters of Medicare for All need to answer a $5 trillion question: How will they wring out savings from doctors, hospitals and drug companies?

Reducing payments to health care service providers would provide about 70 percent of the savings provided by a switch to Medicare for All.

Without those savings, the proposed universal system would end up costing more than the current system, though it would cover all of the population.

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