Congressional Budget Office Finds Significant Cost-Savings of Single-Payer

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‘Seems Like a Good Policy!’ CBO Shows Medicare for All Could Cover Everyone for $650 Billion Less Per Year | Common Dreams News

Consistent with study after study, the new Congressional Budget Office (CBO) working paper concludes that four different singlepayer models would each yield big savings. Highlights from the article:

“Bruenig explained that the Congressional Budget Office option that most closely resembles current Medicare for All proposals is the one based on low payment rates and low cost sharing, which would generate $650 billion in savings in 2030. “Bruenig further noted that if long-term care was added, the program would still save about $300 billion.

“The barriers to the policy are not technical deficiencies or costs, but rather political opposition from Republicans and conservative Democrats who would rather spend more money to provide less healthcare.” — Matt Bruenig, People’s Policy Project 

Meanwhile, The Industry Opposes Even a Public Option

The Medical-Industrial Establishment Is Gearing Up Against Even a Public Option. Tax records show the health care industry front group run by a former Democratic aide has already amassed millions to block a public health insurance option.

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