According to the Political Economy Research Institute at the University of Massachusetts, Amherst, California SB 252, the bill to establish single-payer healthcare in California, will result in cost savings to virtually all sectors of the economy, from employers, providers and patients as well as the state.
The overall cost of providing full health-care coverage could fall by as much as 18 percent. The savings will come through the changes made in administration (far less paperwork, no back-and-forth negotiations with insurance companies), lower pharmaceutical prices and a more rational fee structures for providers. There will also be significant savings from the current high level of inefficiency.
For more details, search for the Economic Analysis of the Healthy California Single Payer Health Care Proposal. It makes a great deal of sense. We have not seen much coverage of this issue. Would really like to have more real info in the newspaper.
Nancy Burch, Ceres