Friedman analysis of HR 676: Medicare for All would save billions

Medicare for All’ would cover everyone, save billions in first year: new study

Posted by Don McCanne MD on Wednesday, Jul 31, 2013
Physicians for a National Health Program

Upgrading the nation’s Medicare program and expanding it to cover people of all ages would yield over a half-trillion dollars in efficiency savings in its first year of operation, enough to pay for high-quality, comprehensive health benefits for all residents of the United States at a lower cost to most individuals, families and businesses.

That’s the chief finding of a new fiscal study by Gerald Friedman, a professor of economics at the University of Massachusetts, Amherst. There would even be money left over to help pay down the national debt, he said.