By: Gerald Friedman, PhD
Published: July 31, 2013
Financed by: Physicians for a National Health Program
Legislation analyzed: HR676, the Expanded and Improved Medicare for All Act
Download the Report: from Physicians for a National Health Program, or from our backup files below.
Under the single-payer system created by HR 676, the U.S. could save an estimated $592 billion annually by slashing the administrative waste associated with the private insurance industry ($476 billion) and reducing pharmaceutical prices to European levels ($116 billion). In 2014, the savings would be enough to cover all 44 million uninsured and upgrade benefits for everyone else.