UMass Economics

Gerald C. Friedman cited in CNN article “5 unanswered questions about Bernie Sanders’ health care plan”

From CNN article by Tami Luhby (1/25/16):
Doctors would be paid 10.7% less and hospitals 9.4% less than what they receive from Medicare now, according to an analysis done for the Sanders campaign by Gerald Friedman, a University of Massachusetts at Amherst economics professor. He argues that providers will be able to handle the cuts because they’ll be able to save money on billing and insurance-related work.

Friedman pointed to a 2011 study in industry journal, Health Affairs, that estimated the average physician in Ontario spent about $22,200 per year interacting with Canada’s single-payer agency, while American doctors spend close to $83,000 a year, on average, dealing with insurers.
Read article….