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Mon Jul 30, 2018, 07:23 PM

Koch-Funded Hit Piece Backfires: Shows *Medicare For All* Would Save $2Trill Over 10 Yrs.

"Koch-Funded Hit Piece Backfires: Shows Medicare for All Would Save 'Whopping $2 Trillion' Over Ten Years While Covering Everybody," Common Dreams, By Jake Johnson, July 30, 2018.

- If every major country on Earth can guarantee healthcare to all, and achieve better health outcomes, while spending substantially less per capita than we do, it is absurd for anyone to suggest that the United States cannot do the same.-

If the billionaire Koch brothers really want to undermine the economic case for Medicare for All, they have a funny way of showing it. Judging by the headlines alone, it would appear that the newly published study projecting that Sen. Bernie Sanders' (I-Vt.) widely popular Medicare for All plan would cost $32.6 trillion over the next decade was conducted by an official, neutral body seeking the facts, not pushing an agenda.

"Even if you take the report's headline figures at face value, the picture it paints is that of an enormous bargain. We get to insure every single person in the country...and save everyone from the hell of constantly changing health insurance all while saving money." —Matt Bruenig, People's Policy ProjectRead a bit further, though, and you'll discover that the analysis—released Monday morning—was produced by the George Mason University-based Mercatus Center, which has received millions of dollars in funding from the right-wing billionaires Charles and David Koch, who have previously expressed support for abolishing Medicare and Medicaid entirely.

"This grossly misleading and biased report is the Koch brothers' response to the growing support in our country for a 'Medicare for All' program," Sanders said in response to the study, which was penned by Charles Blahous, who previously worked as a senior economic adviser to former President George W. Bush. But as Matt Bruenig of the People's Policy Project notes—though absent or buried in much of the initial reporting—even the Koch brothers' numbers, which Sanders says are vastly inflated, demonstrate that the "U.S. could insure 30 million more Americans and virtually eliminate out-of-pocket healthcare expenses" while saving "a whopping $2 trillion" in the process.*

"At first glance, it is strange that the Mercatus center...would publish a report this positive about Medicare for All," writes Bruenig. "The claim that 'even the Koch organizations say it will save money while covering everyone' provides a useful bit of rhetoric for proponents of the policy," he adds. "But the real game here for Mercatus is to bury the money-saving finding in the report's tables while headlining the incomprehensibly large $32.6 trillion number in order to trick dim reporters into splashing that number everywhere and freaking out." This "strategy," Bruenig notes, was quite successful.

While most outlets don't even mention the buried cost-saving conclusion of the Mercatus report, Axios—whose headline reads "Bernie's 'Medicare for All' predicted to cost nearly $33 trillion"—includes this line at the very bottom of its piece, in the cost nearly $33 trillion"—includes this line at the very bottom of its piece, in the "worth noting" section: "All told, 'Medicare for All' would actually slightly reduce the total amount we pay for health care." READ MORE, https://www.commondreams.org/news/2018/07/30/koch-funded-hit-piece-backfires-shows-medicare-all-would-save-300-billion-over-ten

~ HAPPY 53RD BIRTHDAY MEDICARE! July 30, 1965

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Reply Koch-Funded Hit Piece Backfires: Shows *Medicare For All* Would Save $2Trill Over 10 Yrs. (Original post)
appalachiablue Jul 30 OP
appalachiablue Jul 30 #1
Nitram Jul 31 #2
appalachiablue Aug 1 #8
dansolo Aug 2 #9
Snellius Jul 31 #3
lagomorph777 Jul 31 #4
Snellius Jul 31 #6
Harker Jul 31 #5
Uncle Joe Aug 1 #7

Response to appalachiablue (Original post)

Mon Jul 30, 2018, 07:54 PM

1. Medicare For All! Happy 53rd Birthday, July 30, 1965.

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Response to appalachiablue (Original post)

Tue Jul 31, 2018, 11:27 AM

2. Often overlooked, perhaps, is the fact that a Medicare for all would have enormous power to

negotiate drug prices with pharmaceutical companies, guaranteeing a lower price for all drugs across the board. That alone would save billions. this is one reason conservatives hate Single Payer, because it would cut into profits. They don't give a shit about people who can't afford their drugs.

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Response to Nitram (Reply #2)

Wed Aug 1, 2018, 12:04 PM

8. Huge cost savings, negotiating power for medications. Let's get started!

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Response to Nitram (Reply #2)

Thu Aug 2, 2018, 06:36 AM

9. Congress could allow that right now

Medicare is currently prohibited by law to negotiate drug prices. Medicare for all won't change that.

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Response to appalachiablue (Original post)

Tue Jul 31, 2018, 11:50 AM

3. This Mercatus report was such a stupid "libertarian" con. All debit. No credit

It totals up all the costs. Which amounts to approximately all the combined costs today of Medicare, Medicaid, ACA, and health insurance but does not deduct all that would be saved by NOT paying for Medicare, Medicaid, ACA, and health insurance. I hope one of the independent health policy institutes does its own study of how much would be SAVED. It would be substantial. Maybe that's why the "libertarians" wanted to get the first jump on public opinion. Even a good business man can see the savings and competitive advantage of not having to be responsible for health care costs for their employees. Like in China or almost everywhere else. The paperwork alone.

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Response to Snellius (Reply #3)

Tue Jul 31, 2018, 04:11 PM

4. Take out the costs of many sick days and funerals too.

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Response to lagomorph777 (Reply #4)

Tue Jul 31, 2018, 05:35 PM

6. And also the cost savings on pharmaceutical drugs whose prices could be negotiated

Also on preventative care for those who can not afford it but end up costing governments a fortune in emergency and hospital claims down the road. You could go on and on. What I've never understood is why single payer has not been promoted more on bottom-line business and economic grounds rather than just moral grounds.

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Response to appalachiablue (Original post)

Tue Jul 31, 2018, 04:26 PM

5. Sell, Mortimer, sell! n/t

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Response to appalachiablue (Original post)

Wed Aug 1, 2018, 08:35 AM

7. Kicked and recommended.

Thanks for the thread appalachiablue

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