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Friedman: $1 trillion in savings in first year of single payer system

Gerald Friedman
Gerald Friedman

UMass Amherst Department of Economics Professor Gerald Friedman has completed a new study for the Physicians for a National Health Program that concludes upgrading Medicare and expanding it to cover all Americans would create $1 trillion in efficiency savings in its first year of operation, enough to pay for comprehensive health benefits for all U.S. residents and lower costs to most people and businesses. The report was unveiled in Washington, D.C. on the 48th anniversary of Medicare by advocates of a single payer health insurance system (Yubanet.com [Calif.], 7/31/13). Download the study.