Yale and Harvard researchers found that Medicare for All reduces costs while public option makes health care more expensive.
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Multiple studies show Medicare for All would be cheaper than public option pushed by moderates
Yale and Harvard researchers: Medicare for All reduces costs, while public option makes health care more expensive
Two new studies further showed that the Medicare for All plan is not only cheaper than the status quo but also costs less than the public option moderates have claimed is more fiscally sound.
A study published in
The Lancet this month by researchers at Yale University, the University of Florida and the University of Maryland estimated that Medicare for All would save $450 billion per year — about $2,400 in annual savings per family — and would prevent more than 68,000 unnecessary deaths each year.
"Our study is actually conservative because it doesn't factor in the lives saved among underinsured Americans—which includes anyone who nominally has insurance but has postponed or foregone care because they couldn't afford the copays and deductibles," Yale researcher Alison Galvani told
Newsweek.
Medicare for All would allow the government to
negotiate prices for care, as most Western nations with single-payer systems already do, and reduce overhead costs.
Biden and Buttigieg's proposals would actually increase costs, Galvani said.
"Without the savings to overhead, pharmaceutical costs, hospital/clinical fees, and fraud detection, 'Medicare for all who want it' could annually cost $175 billion dollars more than status quo," Galvani told Newsweek. "That's over $600 billion more than Medicare for all."