Gerald C. Friedman writes in The Conversation how implementing “Medicare for all” would be much less expensive than a single-payer health insurance program

Gerald C. Friedman, economics, writes in The Conversation how implementing “Medicare for all” would be much less expensive than a single-payer health insurance program for the country. He says this is because Medicare offers modest coverage and already has a funding stream in place, both from taxes and premiums. He says it would also cost less because although it still uses private insurers, administrative costs would be lowered and hospital monopolies would be unable to overcharge what private insurers pay. A columnist writing about why a single-payer system would be better for ordinary Americans cites research done by Friedman that finds 95 percent of households would save money with a single-payer health care system. (UPI.com, Cleveland.com, 9/20/17)