Paying for Progressive Ideas in the United States

The authors of the study noted “that a single-payer, universal health-care system is likely to lead to a 13% savings in national health-care expenditure, equivalent to more than $450 billion annually.” It follows that if a Medicare for All single-payer system would lead to a 13% savings in expenditure, then funding such a program shouldn’t be a major concern. Rather than individuals paying into an insurance company or out of pocket at exorbitant rates, they would pay directly to the government via taxes to fund universal healthcare. Such a system eliminates massive CEO salaries and bonuses, puts an end to the price-gouging of the pharmaceutical industry, and ensures that no American goes without coverage or without care.