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View Diary: Four gutless Dems kill single-payer in California (212 comments)

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  •  CNA report showed huge stimulus effect & jobs (4+ / 0-)

    The California Nurses Association, a leading supporter of single payer, funds a research/analysis group called, Institute for Health and Socio-Economic Policy (IHSP). In the run up to the 2009 health care debate IHSP's report detailed very large expected economic gains (stimulus) from implementing a "Medicare for all" system.

    IHSP estimated the total direct and indirect health care generated revenue was estimated to be nearly $6 trillion (economic multiplier of 2.78), with the largest induced economic benefits going to manufacturing.

    Like California's Single Payer bill, retraining would be included as part of the transition. Nationally, with 47 million newly insured and millions more better insured, demand for more actual medical services and expanded benefits would increase, so those currently employed to "Just Say NO" could become health care providers and analysts to identify more effective treatments and excessive costs.

    Here are the high points of their findings with the options (from page 6 of the summary):

    Initial Findings: Forthcoming Reports

    Our analysis demonstrates moving to a single payer system predicated upon full Medicare benefits for all would have the following immediate impacts:
    $317 billion in increased business and public revenues throughout the US economy.
    2,613,495 new permanent jobs ,
    o    at an average $38,262 per annum
    $100 billion in additional employee compensation.
    $44 billion in increased tax revenue (exclusive of the funding changes to replace employer insurance contributions).

    Other benefits not directly measurable in economic terms include:

    Medicare Enrollees:

    •    Medicare Part B coverage for 2.6 million Medicare enrollees
    •    Medicare Part D coverage for 15 million Medicare enrollees

    Uninsured:

    •    Full standard health coverage for 47 million uninsured •    Elimination of uncompensated health service demands on hospitals and physicians by uninsured

    Medicaid:

    •    For 27.7 million Medicaid participants, the elimination of the Medicaid program with its inconsistent coverage between locations, replaced with a uniform national level of service and cost structure.
    •    Elimination of the existing expenditures of $134.9 billion in State & Local expenditures and $175.7 billion in Federal expenditures.

    Privately Insured

    •    For privately insured, replacement of the current chaos of eligibility, exclusions, family coverage, premium costs, high out-of-pocket expenses, and vulnerability to losing employer sponsored coverage with a standard level of coverage, unrelated to employment status or annual corporate insurance decisions.
    •    For employers, a release from the administrative and financial burden of providing for their employees what should be a uniform, national shared approach to health coverage.

    Taxpayers and the Nation

    •    For taxpayers, a reduction of $56 billion in unnecessary and unproductive insurance costs.
    •    For the US, the signal that our country is responsible for the basic health needs of all of our population as virtually all of the world’s industrialized nations already are.

    "There's nothing serious about a plan that claims to reduce the deficit by spending a trillion dollars on tax cuts for millionaires and billionaires." - President Obama

    by fhcec on Tue Jan 31, 2012 at 01:27:24 PM PST

    [ Parent ]

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