Sanders singel payer cost: 1,38 trillion or 2,4 trillion or 2,5 trillion or 2,8 trillion A YEAR

[factfinder_77]

Sanders pegs the price tag for his plan at $1.38 trillion per year during the first 10 years. This is based on an analysis by Gerald Friedman, an economist at the University of Massachusetts-Amherst.

However, "there is a great deal of disagreement and controversy" about this number, said Jonathan Oberlander, a health policy and management professor at the University of North Carolina-Chapel Hill.

Kenneth Thorpe, a professor of health policy and management at Emory University, put the cost at $2.4 trillion a year. A team from the Urban Institute put the number at $2.5 trillion a year. The Committee for a Responsible Federal Budget projected $2.8 trillion a year.

Why the differences in cost?

http://www.politifact.com/truth-o-meter/article/2017/jul/21/how-expensive-would-single-payer-system-be/

[guillaumeb]

1. Every country with a single payer system spends less per capita than the US.

With generally better health outcomes. All of these economic explanations that show single payer as being costlier are refuted by the reality of costs in the many other countries that have a single payer system.

[msongs]

2. and how much does health insurance/care cost now? nt

[factfinder_77]

4. oddly $1.38 trillion a year -- as Sanders own estimate for his single-payer plan.

[Trial_By_Fire]

6. I believe that does not include individual and employer premiums...

[Voltaire2]

9. 3.2 Trillion per year currently.

So at 1.38T comprehensive universal healthcare would be a huge savings.

[PSPS]

3. Using "cost" in this context is misleading

Any such figure should be compared to what is being paid now by everyone via premiums plus other costs that a single-payer system would eliminate. The word "cost" would suddenly become "savings."

[QC]

5. That's a good bit less than we're spending now.

https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NationalHealthAccountsHistorical.html

[GaryCnf]

7. Interestingly

Number one on the sky is falling list was singing a different tune back when

http://thehill.com/blogs/congress-blog/healthcare/271001-hillarys-newfound-disdain-for-single-payer

[davekriss]

8. Since we spend over $3 trillion now ...

... on healthcare, even the worst case estimate is a bargain, saving over $200 billion a year. Great deal, if you ask me!

Ps/ U.S. GDP is approximately $18.5 trillion a year. We spend one sixth of it on healthcare. That's about $3.08 trillion a year.