"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 1ยท73 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.
"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 1ยท73 million life-years every year compared with the status quo."