Study: Medicare for all could save $5.1 trillion in ten years

Alternet - A new paper released Friday by researchers at the Political Economy Research Institute shows that financing a single-payer system would actually be quite simple, given that it would cost significantly less than the status quo.

According to the 200-page analysis of Sen. Bernie Sanders' (I-Vt.) Medicare for All Act of 2017, the researchers found that "based on 2017 U.S. healthcare expenditure figures, the cumulative savings for the first decade operating under Medicare for All would be $5.1 trillion, equal to 2.1 percent of cumulative GDP.

The most significant sources of savings from Medicare for All, the researchers found, would come in the areas of pharmaceutical drug costs and administration.