Study finds universal health care would cost less than bailouts

The transformation of America’s current health care system into a single-payer ‘Medicare for all’ system could cost six times less than the bank bailouts....

Single-payer national health insurance is a system in which a single public or quasi-public agency organizes health financing, but delivery of care remains largely private. The Institute for Health and Socio-economic Policy(IHSP) is a non-profit research group for the National Nurses Organizing Committee. According to the analysis of their proposal for a single-payer universal health care system, IHSP found that “full medicare benefits for all” would have these immediate effects:

* $317 billion in increased business and public revenues throughout the US economy.

* 2,613,495 new permanent jobs, at an average of $38,262 per year.

* $100 billion in additional employee compensation.

* $44 billion in increased tax revenue.

[From The Raw Story | Study finds universal health care would cost less than bailouts]