New Study Shows Medicare for All Would Save US $5.1 Trillion Over Ten Years

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46. While I support medicare for all there are significant errors on the percentage

Of savings compared between the 2 plans

1) The move to Medicare for all. (MFA) would not be 20%.

Currently the gross margin for health care is fixed at 15-20% (about half what it was earlier). The over head costs for medicare is generally estimated at 3% so the net reduction will be between 12-15%, let's say 14%, but that would only apply to basic Medicare. Medicare B and D (comprehensive care and expanded prescription care) is currently at the same rate as the ACA so no savings would occur.

2) The Sanders Institute is not constituted as a real think tank. The current head is Sanders son in law whose last job was selling snowboards. I have searched but have not found any data on his academic credentials but most "think tanks" are led by academics who have not only have doctoral degrees in their field but a record of peer review papers, the Sanders Institute does not.

3) The reduction in gross profit. Would probably net less than 10% of total Medicare. Expenditures but there is room for substantial savings by moving from "payment for services" to "payment for care.

This isn't inherent in Medicare for all but would make it both less costly and more popular. The ACA has elements to start laying the foundation for "payment for services" so it isn't currently part of Medicare but would make MFA much less costly and significantl. Increase outcomes.