We want it, we can afford it, and its cost-effective. A Reuters-Ipsos survey in August found that 85% of Democrats and 52% of Republicans support the single-payer health care system dubbed “Medicare for All. Partly as a result, the market for naysayers and skeptics is booming. A study by the libertarian-leaning Mercatus Center at George Mason University pronounced the concept economically impractical. A more thoughtful piece in the New York Times complained of a need for more specifics.
Both objections are deftly met and overcome by the detailed numbers in a new study published by a team at the Political Economy Research Institute at UMass Amherst led by Robert Pollin, which you can find here. Full disclosure: I am proud to acknowledge the authors as my colleagues.
The report is gaining media coverage, but its hard to get mainstream reporters to pay close attention to economic analysis, especially when it goes against their priors. So check it out and forward the links to any who might be interested.
I have generally avoided health care issues on this blog, because they are complicated and I don’t have a lot of expertise in the area. But I’m increasingly convinced that we need to develop a larger care agenda, and health care is obviously central. Let’s start thinking about ways to roll together.