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PA Study Proves Single-payer Health Care Will Save $17 Billion Annually and Cover Everybody in PA

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As Executive Director of Health Care for ALL PA, I am proud to share the recent Economic Impact Study of our one payer legislation designed to provide comprehensive, affordable healthcare to every Pennsylvanian.

Chuck Pennacchio

A single-payer health care plan will save Pennsylvania families, businesses and tax payers $17 billion annually while providing comprehensive health care to all, according to an economic impact study released today.

  

Commissioned by Health Care for All PA, a statewide non-profit organization, the study was conducted by University of Massachusetts - Amherst professor of economics Gerald Friedman, Ph.D.

It compares the cost of the current for-profit health insurance model in Pennsylvania under which provider choice is limited and health services are rationed by health insurance companies to that of a consumer-driven health care system which gives people freedom to choose their own doctors, hospitals and health care providers.

The legislation to create this single-payer system will be re-introduced in the Pennsylvania Senate (Senate Bill 400) on March 19 by Senator Jim Ferlo. The name of this state-based, consumer-driven health care system will be The Pennsylvania Health Care Plan.

Some of the important advantages of The Pennsylvania Health Care Plan are:

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Comprehensive coverage for every resident of Pennsylvania, including dental, vision, mental health and prescription drug services;

Eliminates the need for hospitals to absorb the cost of care for the uninsured;

Reduces bureaucracy for private physicians resulting in reduced administrative costs and

improved compensation for private physicians;

Reduces or eliminates health insurance over-costs for small business, allowing for more job

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creation, greater reinvestment of profits, and reduced workers' compensation costs.

Radically reduces the total cost of health care to levels more consistent with costs in the rest of the industrialized world.  

A one-page Executive Summary along with the full text of the Economic Impact Study is available on our website here:

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Chuck Pennacchio, PhD, 2016 elected Bernie Sanders Delegate; Senior Advisor, Healthcare for All Pennsylvania; Associate Professor of History and Politics, The University of the Arts in Philadelphia.  BA in history and political science from (more...)
 

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