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Promoted to Headline (H3) on 11/18/09:     Permalink
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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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-- 2.6 million new permanent jobs at an average income of $38,262 annually;

-- $100 billion in worker compensation;

-- $44 billion in new tax revenue - "exclusive of the funding changes to replace employer insurance contributions;"

-- Medicare Part B coverage for 2.6 million Medicare enrollees;

-- Part D coverage for 15 million more;

-- full coverage for the 50 million or more uninsured and millions more underinsured;

-- elimination of the uninsured's uncompensated demands on providers;

-- 27.7 million Medicaid recipients will get the same coverage as others, not the inconsistent kind now offered;

-- elimination of $134.9 billion in state and local expenditures and $175.7 billion for the federal government;

-- for the privately insured, ending problems of eligibility, exclusions, family coverage, premium costs, high out-of-pocket ones, and likelihood to be uninsured if lose employment;

-- for employers, replacing their administrative and financial burden under a shared universal approach;

-- for taxpayers, a reduction of $56 billion in unnecessary, unproductive insurance costs; and

-- for the nation, joining the rest of the industrialized world that provides universal coverage.

Enhanced Medicare for All

-- adding 2.6 million Part A only enrollees and 15 million without Part D will cost about $59 billion, 62% publicly borne;

-- the added expense will generate an additional $154.7 billion in total economic activity, about one million new jobs earning $43.2 billion, and new tax revenues of about $21.2 billion.

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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