Study: Universal Health Care in US Will Save Money

Study: Universal Health Care in US Will Save Money

(CN) – While often decried as an unaffordable foray into socialism, a single-payer health care system would, if implemented in the United States, bring overall health care costs down over time – possibly in as early as the first year, according to a new study. (AP Photo/Elise Amendola) The study, published Wednesday in PLOS Medicine , examined 22 single-payer proposals that have been suggested within the last three decades in an effort to understand how America’s health care system would respond to each proposal. The researchers discovered that nearly all of the proposals – 19 out of the 22 – soundly predicted net health care savings overall within the first year of being implemented. Researchers found the savings would not just be limited to the short term. Nearly half of the proposals made long-term projections on health care costs, some up to 11 years in the future, and they all found that as a single-payer system matured costs continued to go down. This trend was so apparent that even models that reported some initial cost increases eventually predicted costs decreasing after the first 10 years. Researchers say the study will help shed some much-needed light on the realities of […]

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