"Taking into account both the costs of coverage expansion and the savings that would be achieved through the Medicare for All Act, we calculate that a single-payer, universal health-care system is likely to lead to a 13% savings in national health-care expenditure, equivalent to more than US$450 billion annually (based on the value of the US$ in 2017). The entire system could be funded with less financial outlay than is incurred by employers and households paying for health-care premiums combined with existing government allocations. This shift to single-payer health care would provide the greatest relief to lower-income households. Furthermore, we estimate that ensuring health-care access for all Americans would save more than 68 000 lives and 1·73 million life-years every year compared with the status quo."
That really doesn't have any bearing on the point that the costs of the F-35 and M4A are dramatically different. Funding or not funding the F-35 isn't the determining factor in funding M4A.
The Lancet study is very flawed on several economic fronts, the biggest being that it assume the government could tax / collect 100% of spending that Americans do voluntarily today in the private system to devote it to a government run plan. That is completely improbable and unrealistic expectation.
it also assumes government run systems will be as or better efficient than private system, we have 100's of years of history (including this very story) the proves that to be a fallacy
What people don't seem to understand is that you can't just vacuum money out of a giant industry. The money we spend in health care doesn't go into an incinerator. There are approximately 16.5 million people working in the health care industry. This study assumes we'll save 13%, a wildly optimistic figure, but we'll go with it.
Not only does Wikipedia[1] not reflect the statistics you're quoting, I find it hard to believe the rate of rape increased from 9 per 100,000 in 2009 to 3470 just 7-8 years later. Please provide your source.
Are you going to source your stats, or simply make the claim that the rate of rape in Germany is 26 times that of South Africa, with 132.4 per 100,000?
GDP Annual Growth rate from 1996-2016 in Europe was 1.7%, in the US from 1995-2015 it was 2.1%. [World Bank, Trading Economics].
The German GDP per capita grew from $36,000 to $46,000 from 2006 to 2016. [World Bank], and it ranks in the mid 30's out of 50 states. [Wikipedia].
The per capita GDP of Puerto Rico is $28,529, the per capita GDP of France is $41,329. [World Bank]
For a fair comparison between the US and Germany/France, let's examine the inequality adjusted Human Development Index, as measurements that do not account for income inequality obfuscate the reality of most citizens.
Germany ranks 6th, France ranks 18th, the US ranks 28th. [Wikipedia].
"Taking into account both the costs of coverage expansion and the savings that would be achieved through the Medicare for All Act, we calculate that a single-payer, universal health-care system is likely to lead to a 13% savings in national health-care expenditure, equivalent to more than US$450 billion annually (based on the value of the US$ in 2017). The entire system could be funded with less financial outlay than is incurred by employers and households paying for health-care premiums combined with existing government allocations. This shift to single-payer health care would provide the greatest relief to lower-income households. Furthermore, we estimate that ensuring health-care access for all Americans would save more than 68 000 lives and 1·73 million life-years every year compared with the status quo."