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Universal Single-Payer Healthcare Coverage: An Economic Stimulus Plan

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By Stephen Lendman  Posted by Stephen Lendman (about the submitter)

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-- they total an estimated $2.3 trillion; and

-- again, manufacturing benefits most with another $442.8 billion, for an indirect $750.4 billion total.

Total Revenue Generation

IHSP "calculated the economic multiplier to be 2.78, nearly three times the revenues generated within the industry proper." Total direct and indirect health care revenue is $5.856 trillion.

Tax Revenues Generated

-- federal: $538.3 in 2006; and

-- state and local: $826 billion.

Employment

-- 18 million health care workers;

-- another 26 million jobs in other industries for a 45 million total; and

-- nationwide, "health care value added generated 12.1% of employee compensation, and 10.5% of total employment."

Occupations

Health service industries include 511 occupations, 43% in management, administration, finance, physical plant operations, and many other non-health related fields. Registered nurses number about 2.1 million, about 25% of health care professionals. Nursing aides, orderlies, attendants and home health aides comprise another 25%. Doctors are 3% of the total.

Initial Findings

Medicare for all, including Part D will generate:

-- $317 billion in increased public and private revenues;

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Hallelujah to the California Nurses Association! by Michael Shaw on Wednesday, Nov 18, 2009 at 6:45:43 PM
Great article and analysis except: by Jerry Clark on Thursday, Nov 19, 2009 at 7:54:20 AM
Take Action for True Health Care Reform by David Schwab on Thursday, Nov 19, 2009 at 3:37:09 PM