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Study Shows National Health Insurance Could Save $286 Billion
The potential administrative savings could: (1) offset the cost of covering the uninsured; (2) cover all out-of-pocket prescription drugs costs; (3) fund retraining and job placement programs for insurance workers and others who would lose their jobs; (4) and make substantial improvements in coverage and quality of care for US consumers who already have insurance.
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Can America afford universal health care?
Yes. A study by researchers at Harvard Medical School and Public Citizen estimates that national health insurance could save "at least $286 billion annually on paperwork, enough to cover all of the uninsured and to provide full prescription drug coverage for everyone in the United States."
What exactly does universal care mean?
What are the social and economic costs of uninsurance?
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As of June 2003, there were over 42 million Americans without insurance. That's 14.8% of all Americans, 6.9 million of which were children (CDC Nat'l Health Interview Survey).
The GAO estimates that a universal single-payer system would save $67 billion in the short run in insurance overhead and administrative costs (AMSA).
Minorities are less likely to have insurance, and the rate of uninsurance increases for all races as income decreases. The result, on average, is poorer health and shorter lives for minorities (Changing America).
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http://zfacts.com/p/180.html | 01/18/12 07:25 GMT
Modified: Mon, 17 Apr 2006 18:32:58 GMT
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