10/19/2019
The Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst published a 2018 analysis that demonstrates the feasibility of single-payer health care in the U.S. The PERI study determined that Medicare for All would reduce total health care expenditures from the current $3.24 trillion to $2.93 trillion per year. In addition to slashing administrative costs, the plan would generate significant savings through firmly negotiating drug prices and through other measures. American households would pay up to 14% less than they are paying now. People would contribute via equitable taxes, rather than through premiums and deductibles, and overall, they would pay less!
In the U.S., we pay for huge corporate profits, and for the administrative costs and waste associated with a for-profit system.