Leading healthcare policy expert, Jessica Schubel, debunks Trump’s plan to replace real insurance with empty promises in this new episode of Meidas Health
The US could save between $450 billion and over $1 trillion annually under a universal healthcare system, according to various studies. These potential savings are based on factors like reduced administrative costs, lower negotiated prices for services and drugs, and the elimination of out-of-pocket healthcare costs for individuals. While specific figures vary depending on the study's assumptions, a consensus suggests that universal healthcare could be less expensive than the current system.
Key factors contributing to potential savings
Reduced administrative costs: A single-payer system could drastically lower administrative overhead by simplifying billing and eliminating the need for a multitude of private insurance plans.
Lower negotiated prices: A large, single-payer system would have greater bargaining power to negotiate lower prices for healthcare services and prescription drugs.
Elimination of out-of-pocket costs: By eliminating deductibles, co-pays, and other out-of-pocket costs, individuals would save a significant amount of money.
Preventive care: Universal healthcare could lead to more preventive care, which can be more cost-effective than treating advanced diseases later on.
What the studies show
Some studies estimate potential annual savings of over $450 billion.
Other studies, like one from the Congressional Budget Office, estimate savings of $650 billion annually.
A 10-year projection by the University of Massachusetts Amherst estimates savings of over $5 trillion.
The Mercatus Center, a more right-leaning think tank, estimated over $2 trillion in savings over a decade.
During the COVID-19 pandemic, a single-payer system could have saved the US an estimated $105 billion in hospitalization costs alone.
Yes and when the riots start at your local urgent care center because there's not enough providers to care for sick patients lined-up around the block, rest assured that Felon47 will send-in masked troops to restore order...and, of course, provide Trump Body Bags.
Not just this administration but RepubliCONS in Congress!! They haven't came up with a better healthcare plan in forever!! They haven't even tried, all they've done is lie!! It's sad they were elected to take care of their Constitutes, yet they don't give a sh*t from the top down they've done nothing but give and make the wealthiest among us richer and the rest of us poorer and sicker!!
You are absolutely right about that!! I'll 2nd your "How did this guy ever get elected?" I just figured it's FL RepubliCONS so maybe by cheating, lying and thieving just like Felon47 ??
Thank goodness somebody told the truth about high deductible health plans. The only people who can save enough money to pay for healthcare costs are doctors and other highly compensated workers. I know. I work in benefits for a hospital chain in Arizona. Republicans probably cooked up this whole scenario for themselves years ago.
No, not Doctors. Politicians, Healthcare upper echelon, especially CEO level, wealthy corporate leaders. The healthcare crippled doctors with "managed care" which means a clerk denies necessary care. The days when our doctors had the right to give you the care you needed began to erode 30 years ago.
Compare the per capita cost of healthcare in the United States to most of Europe. Then factor in healthcare outcomes and life expectancies of both systems. America ends up at the bottom each and every comparison! Healthcare in America sucks! It is too expensive and cumbersome, and frankly comparatively ineffective.
Explanation of what is happening and how it will effect so so many of our fellow Americans. I just don’t understand why this country, richest in the world can’t manage to do this! It makes me grief stricken for the many that will die as a result! My husband died this last year, under the care of the best doctors, nurses, in one of the best hospitals in Texas. If the best care here couldn’t save him, I just can’t imagine the heartache and grief that are on a collision course with America at this very moment!
I agree! Australia has Medicare for ALL, even temporary residents that are going through the permanent residency process. I don't think anything has changed? It was 20 years ago when I was living in Australia with my (then) Aussie husband.
Since he was elected the first time they he still only had a concept with Republicans scratching their heads for 10 yrs and more.thats why trump hates Obama cause hes had a brainless cabinet twice in which they all failed .its more than time to get rid of this corrupt cabinet and trump.there is no time to wait and see if dems can win elections cause hes also trying not to have them.
The Republicans as usual care nothing for regular working people , just as their leader Trump cares nothing for working people. The AffordableCare act is exactly what it says it is . But the truth is all of the reduction in safety factors in the environment and health care are under the same plan by the Trump Administration.
It’s the “ I don’t give a f..k about what happens to working Americans plan”.
Trump is happy to see ordinary Americans die off from lack of health care , and his Republican sycophants carry this out . There should be no one Republican that supported this nonsense elected to office again . I hope they remember why . Of course Trump is trying desperately to to break the law and change voting rules to negate the wishes of Democrats , because they represent the people, not just the wealthy.
I thought I had a good health insurance that met my needs but what came next was when I went for my appointment and had the balance and leave my insurance to pay the balance of $5 thousand but turned out they didn't want to pay for removal of teeth so I can have my upper and bottom denture who was ready for me but got ad news the insurance said they don't pay for removal let alone the denture after I paid $1,500 was going to pay another $1,131 and my dental inform me and I appeal to my insurance and they still denied and on top they didn't inform me of changes and now I had to called my dental ASPEN to cancel and refund my money I paid so I am waiting for my refund. What is worse is my Northern Lights has decided to cancel my insurance the Humana and the doctors are not allowed to accept it anymore leave us to pay for their service which my Humana advance Medicare insurance ends this month and I will only have Medicare that doesn't have dental and only pay so much and what ever is needed will have to copay. What this Felon and Republicans are doing to us is shameful. The truth is we have to be prepared for what comes and the worst is many people's lives are at stake and I pray God help us all 🙏
these plans are high deductible with high premiums. So look at a $600 a month premium (single adult NY) with a deductible. For me that is one pay period every month that goes strictly to my premium.. and if I need health care,some other portion of my income towards the deductible. there will be times when my pay period does not pay the premium.. I can be short as much as $250.
Currently 2 pay periods of my income go towards my living expenses with basic necessities and really cheap food (all home cooked all analyzed to the penny).. and of course my electric and gas.. which have various fees attached to each level of use and then taxes.Food goes in another pay period. based on this model I can only afford one pay period for anything to do with my health.. (Note I have no car I don't use public transportation I don't eat out ,his doesn't include anything to do with any debt I have; (Currently I have student loans and credit card debt). This model leaves me one week of each pay period on average there are a few with 5 weeks instead of four each year. I live frugally, I experienced enough growing up with a grandparent who was raised in the depression.. and another adult who did not understand how to budget or count money properly.. I'm not having hard time yet, but the worst is yet to come. I've managed to pay down $60,000 in debt with interest accruing daily on what is technically minimum wage in New York. if I had been unfortunate enough to stay where I grew up, I would be buried in debt with bad credit and no hope of digging my way out. I can't even imagine how everyone else fares.
Hmmm… 🤨🤔 Are you trying to say they're lying? I'm sorry your use of the word “Alternative Facts”. Sounds like what we would say when MAGA would be lying through their teeth.
Obviously Cheeto is a figurehead, albeit not a very good one, for a larger Nazi Republican movement which seeks to destroy the republic WE the People should not forget that every Nazi that stands behind this regime/movement is at fault This includes not only the sycophants that are making things happen in the Black House but also all the loyalists
It embodies the entire Nazi Republican Congress and the SCOTUS The group is comprised of all the right wing media such as Fox or NewsNation It includes right wing organizations It includes all the wealthy greedy scumbags supporting an opportunity to make more $$ rather than hold the Nazis in power to account
After Cheeto and his Nazi regime has been deposed, like Judas, all will plead with the electorate that they weren’t responsible It was the other guy’s fault That they didn’t want what happened to have happened
These people should not be left off the hook All of the groups above tried to destroy the government and WE the People’s democracy And that includes the Democrats who do not want to screw the Nazi Republicans….WE the People should not and will not forget what a travesty WE experienced There needs to be accountability and doesn’t necessarily mean in a judicial sense It means to not vote or listen to these scumbags, including the wealthy disenfranchised for at least 10 years That’s what happened to Nazi Germany
The US could save between $450 billion and over $1 trillion annually under a universal healthcare system, according to various studies. These potential savings are based on factors like reduced administrative costs, lower negotiated prices for services and drugs, and the elimination of out-of-pocket healthcare costs for individuals. While specific figures vary depending on the study's assumptions, a consensus suggests that universal healthcare could be less expensive than the current system.
Key factors contributing to potential savings
Reduced administrative costs: A single-payer system could drastically lower administrative overhead by simplifying billing and eliminating the need for a multitude of private insurance plans.
Lower negotiated prices: A large, single-payer system would have greater bargaining power to negotiate lower prices for healthcare services and prescription drugs.
Elimination of out-of-pocket costs: By eliminating deductibles, co-pays, and other out-of-pocket costs, individuals would save a significant amount of money.
Preventive care: Universal healthcare could lead to more preventive care, which can be more cost-effective than treating advanced diseases later on.
What the studies show
Some studies estimate potential annual savings of over $450 billion.
Other studies, like one from the Congressional Budget Office, estimate savings of $650 billion annually.
A 10-year projection by the University of Massachusetts Amherst estimates savings of over $5 trillion.
The Mercatus Center, a more right-leaning think tank, estimated over $2 trillion in savings over a decade.
During the COVID-19 pandemic, a single-payer system could have saved the US an estimated $105 billion in hospitalization costs alone.
This administration is planning on thinning the poulation. Starting with those of us who cannot afford the insurance.
Yes and when the riots start at your local urgent care center because there's not enough providers to care for sick patients lined-up around the block, rest assured that Felon47 will send-in masked troops to restore order...and, of course, provide Trump Body Bags.
What this administration is doing is just totally and completely CRUEL!!!!
Not just this administration but RepubliCONS in Congress!! They haven't came up with a better healthcare plan in forever!! They haven't even tried, all they've done is lie!! It's sad they were elected to take care of their Constitutes, yet they don't give a sh*t from the top down they've done nothing but give and make the wealthiest among us richer and the rest of us poorer and sicker!!
Don't count on former healthcare thief, FL Senator Rick Scott to help out on this. How did this guy ever get elected?
You are absolutely right about that!! I'll 2nd your "How did this guy ever get elected?" I just figured it's FL RepubliCONS so maybe by cheating, lying and thieving just like Felon47 ??
Thank goodness somebody told the truth about high deductible health plans. The only people who can save enough money to pay for healthcare costs are doctors and other highly compensated workers. I know. I work in benefits for a hospital chain in Arizona. Republicans probably cooked up this whole scenario for themselves years ago.
medicare?
see if humana in your area then go to dhs a ask for the medicare savings program pays the spenddown
No, not Doctors. Politicians, Healthcare upper echelon, especially CEO level, wealthy corporate leaders. The healthcare crippled doctors with "managed care" which means a clerk denies necessary care. The days when our doctors had the right to give you the care you needed began to erode 30 years ago.
Compare the per capita cost of healthcare in the United States to most of Europe. Then factor in healthcare outcomes and life expectancies of both systems. America ends up at the bottom each and every comparison! Healthcare in America sucks! It is too expensive and cumbersome, and frankly comparatively ineffective.
Explanation of what is happening and how it will effect so so many of our fellow Americans. I just don’t understand why this country, richest in the world can’t manage to do this! It makes me grief stricken for the many that will die as a result! My husband died this last year, under the care of the best doctors, nurses, in one of the best hospitals in Texas. If the best care here couldn’t save him, I just can’t imagine the heartache and grief that are on a collision course with America at this very moment!
Slow and tortured deaths.
I know, it makes me so sad.
For sure!
Medicare works extremely well for the elderly and why not extend that to include everyone. Enough of insurance companies making huge profits.
Thanks for the update.
That's what Bernie Sanders is advocating.
not elderly - disabled
Medicare covers the elderly and the disabled.
I agree! Australia has Medicare for ALL, even temporary residents that are going through the permanent residency process. I don't think anything has changed? It was 20 years ago when I was living in Australia with my (then) Aussie husband.
on ssdi i get medicare humana
Since he was elected the first time they he still only had a concept with Republicans scratching their heads for 10 yrs and more.thats why trump hates Obama cause hes had a brainless cabinet twice in which they all failed .its more than time to get rid of this corrupt cabinet and trump.there is no time to wait and see if dems can win elections cause hes also trying not to have them.
i just got my old medicare plan back
hoorah!
The Republicans as usual care nothing for regular working people , just as their leader Trump cares nothing for working people. The AffordableCare act is exactly what it says it is . But the truth is all of the reduction in safety factors in the environment and health care are under the same plan by the Trump Administration.
It’s the “ I don’t give a f..k about what happens to working Americans plan”.
Trump is happy to see ordinary Americans die off from lack of health care , and his Republican sycophants carry this out . There should be no one Republican that supported this nonsense elected to office again . I hope they remember why . Of course Trump is trying desperately to to break the law and change voting rules to negate the wishes of Democrats , because they represent the people, not just the wealthy.
They will pay the price eventually .
I thought I had a good health insurance that met my needs but what came next was when I went for my appointment and had the balance and leave my insurance to pay the balance of $5 thousand but turned out they didn't want to pay for removal of teeth so I can have my upper and bottom denture who was ready for me but got ad news the insurance said they don't pay for removal let alone the denture after I paid $1,500 was going to pay another $1,131 and my dental inform me and I appeal to my insurance and they still denied and on top they didn't inform me of changes and now I had to called my dental ASPEN to cancel and refund my money I paid so I am waiting for my refund. What is worse is my Northern Lights has decided to cancel my insurance the Humana and the doctors are not allowed to accept it anymore leave us to pay for their service which my Humana advance Medicare insurance ends this month and I will only have Medicare that doesn't have dental and only pay so much and what ever is needed will have to copay. What this Felon and Republicans are doing to us is shameful. The truth is we have to be prepared for what comes and the worst is many people's lives are at stake and I pray God help us all 🙏
these plans are high deductible with high premiums. So look at a $600 a month premium (single adult NY) with a deductible. For me that is one pay period every month that goes strictly to my premium.. and if I need health care,some other portion of my income towards the deductible. there will be times when my pay period does not pay the premium.. I can be short as much as $250.
Currently 2 pay periods of my income go towards my living expenses with basic necessities and really cheap food (all home cooked all analyzed to the penny).. and of course my electric and gas.. which have various fees attached to each level of use and then taxes.Food goes in another pay period. based on this model I can only afford one pay period for anything to do with my health.. (Note I have no car I don't use public transportation I don't eat out ,his doesn't include anything to do with any debt I have; (Currently I have student loans and credit card debt). This model leaves me one week of each pay period on average there are a few with 5 weeks instead of four each year. I live frugally, I experienced enough growing up with a grandparent who was raised in the depression.. and another adult who did not understand how to budget or count money properly.. I'm not having hard time yet, but the worst is yet to come. I've managed to pay down $60,000 in debt with interest accruing daily on what is technically minimum wage in New York. if I had been unfortunate enough to stay where I grew up, I would be buried in debt with bad credit and no hope of digging my way out. I can't even imagine how everyone else fares.
Bravo for creating an alternate set of facts….
No such thing as ‘alternate facts’. Either something is true or it’s not. It’s either fact or falsehood.
Hmmm… 🤨🤔 Are you trying to say they're lying? I'm sorry your use of the word “Alternative Facts”. Sounds like what we would say when MAGA would be lying through their teeth.
fyou.
Please explain yourself. And show facts to corroborate your statement. Otherwise I call you out as a pure bullshitter.
They think we’re stupid!!!!
Again… hope. Where is the anger and disgust???
Republican Nazis
Obviously Cheeto is a figurehead, albeit not a very good one, for a larger Nazi Republican movement which seeks to destroy the republic WE the People should not forget that every Nazi that stands behind this regime/movement is at fault This includes not only the sycophants that are making things happen in the Black House but also all the loyalists
It embodies the entire Nazi Republican Congress and the SCOTUS The group is comprised of all the right wing media such as Fox or NewsNation It includes right wing organizations It includes all the wealthy greedy scumbags supporting an opportunity to make more $$ rather than hold the Nazis in power to account
After Cheeto and his Nazi regime has been deposed, like Judas, all will plead with the electorate that they weren’t responsible It was the other guy’s fault That they didn’t want what happened to have happened
These people should not be left off the hook All of the groups above tried to destroy the government and WE the People’s democracy And that includes the Democrats who do not want to screw the Nazi Republicans….WE the People should not and will not forget what a travesty WE experienced There needs to be accountability and doesn’t necessarily mean in a judicial sense It means to not vote or listen to these scumbags, including the wealthy disenfranchised for at least 10 years That’s what happened to Nazi Germany
JD is just waiting to step in and it will be the same playbook.