Study finds New York state’s proposed single-payer system financially feasible

[phands]

Another blow to the gopturds and trumpo....

The plan would provide comprehensive health coverage to millions of New York residents, including undocumented immigrants.

A proposed single-payer health care system in New York state is economically viable and could insure a million people currently without coverage, according to a study from RAND Corp. released Wednesday.
The analysis, which looks at the New York Health Act, was commissioned by the New York State Health Foundation. It makes a number of charitable assumptions about the institution and implementation of the single-payer system, but ultimately concludes the plan would be a cost-effective way to provide health insurance to all New York residents, including undocumented immigrants, while also lowering costs.
According to the study, after moving to a single-payer system, spending in New York would remain the same through 2022 and 3 percent lower — about $15 billion less — by 2031.
The plan would cover comprehensive outpatient and inpatient care, primary and preventative care, prescription drugs and laboratory tests, rehabilitative care, and dental, vision, and hearing on top of all benefits currently required by state insurance law. The bargaining power of the state could also result in prescription drug cost savings, according to the RAND analysis.

Not that it will stop them trying to kill the ACA.

 

[dismal]

Well, good. I've always said that leftists should focus on making leftist states shining examples of utopia and leave the rest of us out of it.

 

[Horatio Parker]

I'm in Michigan right now, and there's a doctor here running for governor whose main issue is a statewide system, Abdul El-Sayed.

He points that Canada's national plan started in Saskatchewan as a provincial plan.

So, yeah.

 

[phands]

At the same time, the Koch brothers, of all sources, reveal a study that says that a single-payer Medicare for All system would save the US $2Trillion over the next 10 years.

Once again, dismal's aptronymism shines out...

A single-payer Medicare for All system would reduce the amount the U.S. spends on health care by more than $2 trillion, a Koch brothers-funded study released Monday found.


Research by the Mercatus Center at George Mason University — a libertarian think tank backed by the Koch brothers — projected that the Medicare for All plan championed by Sen. Bernie Sanders (I-VT) would cost the government $32.6 trillion over 10 years. The highly critical report found that even doubling all federal individual and corporate income taxes would not cover the costs of Sanders’ Medicare for All plan.


The study did conclude, however, that Medicare for All would result in significant savings for the government because of lower prescription drug costs, saving $846 billion over the next decade. Streamlined administrative costs under the plan would save another $1.6 trillion, the researchers at the Mercatus Center found.

Read more at the above link.

 

[ruby sparks]

Unfortunately, 'The US' is not a person, so who will make the saving? It doesn't look like the US Government will. And as the article says, "There are going to be a lot of people who’ll pay more in taxes than they save on (health insurance) premiums". The thing about a Single Payer System is that in principle it often involves people who can pay helping those who can't. Now some 'very evolved' societies, such as a few in northern Europe, are relatively happy with that.

Unless I am misunderstanding something about the figures?