By J. Thomas
This month, Dr. Gerald Friedman, Chair of the Department of Economics at the University of Massachusetts at Amherst, released a new study on the potential cost savings if New York state implemented a single-payer, universal health care system. In a single-payer system, every American would be guaranteed a basic level of health care, much like Medicare guarantees health coverage to American seniors.
Among the findings from Friedman’s estimates: 98 percent of New Yorkers would save money; 2 percent of New Yorkers – those making more than $436,000 annually – would pay more via increased taxes; New Yorkers would save an average of $2,200 each year; and business savings would spur the creation of 200,000 jobs. Moreover, Friedman says, “New York’s overall economic savings from a single-payer model reduces health care spending by $45 billion.”
“This detailed economic study gives us clear proof that a universal health care plan is the right move for New York,” said Assembly Health Committee chair and lead sponsor Richard Gottfried.
It’s more urgent than ever for New Yorkers to learn about the benefits of universal health care. In December, Public Citizen Health Care Advocate Vijay Das spoke before New York legislators as part of a series of historic meetings in support of the New York Health Bill, which would extend health coverage to every New Yorker.