Costs of medicare for all

Costs of medicare for all(jacobinmag.com)

21 points by solonagathon 7 years ago | 2 comments

The US could insure 30 million more Americans and virtually eliminate out-of-pocket health care expenses while saving $2 trillion in the process, according to a new report about Medicare for All released by the libertarian Mercatus Center.

That's pretty amazing. Also, I imagine that there is a sizable contingent of would-be entrepreneurs who would love to jump ship and pursue their dreams but are held back by a need to be able to provide their families with health care. Removing that impediment would be a huge boon to entrepreneurialism in the United States.

Also, the correction at the end is pretty remarkable:

Note: this post originally stated that the estimated savings from Medicare for All would be $303 billion, rather than $2.054 trillion. We regret the error.

cestith 7 years ago | |

More entrepreneurs would be great. Think also of the rise in wages when employers can no longer tout medical insurance as a benefit and don't have to pay an exorbitant premium for each employee, either.