Improved Medicare Single Payer Insurance = 2.6 million new jobs

Discussion in 'Politics' started by merrill, Jan 5, 2012.

  1. merrill
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    merrill VIP Member

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    I’m not saying that single-payer Medicare for All is the only answer to America’s jobs crisis, but it certainly could contribute to a much improved employment picture for businesses.

    Here are a few salient numbers that help make the case, as compiled by the Business Coalition for Single Payer Healthcare. Under Medicare for All [HR. 676], businesses would:

    * Eliminate health care benefits and reduce their labor costs by 10 – 12 %
    * Cut workers’ compensation by up to 50%
    * Become more competitive with foreign products
    * Eliminate health care benefits management costs and related labor negotiations
    * Free up worker income to buy new products and services, thereby improving the economy

    In addition, in a 2009 study, researchers at the California Nurses Association concluded that Medicare for All would be both a job creator and an economic stimulus:

    Overall, expanding and upgrading Medicare to cover all Americans (single-payer) would create 2.6 million new jobs at an average salary of $38, 262 per year, [paralleling almost exactly the total job loss in 2008], infuse $317 billion in new business and public revenues, and inject another $100 billion in wages into the U.S. economy.


    Single payer, job creator | Occasional Planet
     
  2. merrill
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    merrill VIP Member

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    The education industry could begin hiring more staff due the new low cost approach to medical insurance.
     
  3. Lakhota
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    Lakhota Diamond Member

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    Makes sense.
     

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