gerald friedman's joining us he's professor of economics at the university
of massachusetts amherst landed graduate all minor and he has eight unique piece
in dollars and sense dot or which talks about
what would a potential single-payer system actually look like a spars
uh... what would it cost we're with the money come from and uh... would it be
communist socialism like we hear so much uh... in uh... mainstream corporate
media the professor friedman i think a good place to start would be before we
talk about how such a system would be funded
uh... what it would cost which you outlined in the paper don't you
you're well of course
you've got the lot left with pending their that back at the bottom line
with bending down
event in
seventy eight dollars out of the people of the bells what are it
arm which
i think that may be bar
people that he cannot be spent a lot of money and helped get the proper we get
pretty it
belt that we can't are here
well what band
and we could probably get erectile
or spending less money that's at least the experience of amply other there
okay but what will you tell you when you say we're spending we could spend less
than seventeen dollars what potentially where do you see a dropping
or something
it marburg alll
but we could brookwood empathic they've been built
billion dollop
which would get if i would spend the gap something like well
well that
abdullah plop out that at that point
outwitted or that's about these things that with order directing
but what about cutting problem well yet
for example
it gets kind of american don't laptop
on and they're like that that conceded six you well
well
another
hampers samples so american
don't have health insurance at some point of view
alm
or
really inadequate help private health insurance that would be a fit barb
it doesn't cut their for
so as a percentage of g_d_p_ growth for worked for comparison
does the u_s_ spend uh... how how to other countries at the same level of
development is the u_s_ spent as a percentage of g_d_p_ on health care
about eleven sat
which is really interesting without system
uh... a lot of people talk about the ortho if
uh... private
just a bit bonham well yaar
pop-up book i helped her went employment and that's why it
actually we've had a major change there are all before that would be dot
four years ago most employees
they'd stop chart with done when loopholes repeal
park which was a community its
why am we're everybody in the air
your stable property of but what the
step that we fragment of
so that
you know it
hundreds of hebron playing on off the bike doesn't at the pump
canada
what time that we would keep you read that directly will
private competitive
are what prompts aspen
habitat want about but
universal single-payer system
the walkway at the age proper
at that or
that they've been trying to work with them because they've been that's not
uh...
instead i would spend a good products that have been that
that spending the products m_-eleven
that's that's definitely add that those are those of the numbers i think we need
to be looking at which you won't hear about when this is discussed when when
the main criticism of its too expensive
you don't hear those numbers for you
not not not to know that was just a bit wombat go what property opal
aren't entered the debate here are
like expecting rolled thereafter and armada
then in the united states drugs on with spending more and more bodies
every all the repair
i think the bigger increase life expectancy
what less money here
well let's let let's let's assume we could agree that the system
would work better which not everybody would concede to us but for the purposes
of this conversation let's assume we can at least agree on that then the next
optical people like to talk about is cost and when you outline this i think
is one point three five trillion cost
you breakdown exactly how this would be paid for what's the biggest component
because people assume hey my taxes on income mergers going to go up and uh...
you know it's it's class warfare et cetera how would you actually pay for
the system
well first of all
it
it would be paid well act this type of most unbearable
or where the or eventful at
that opened the or or
on although or
that indeed
ninety-five alert them
aren't they would be than significantly wet
arm
finding open term
than that at that
off of the bering village program will be outlawed looking went act or
financial transactions veto a tax write
but opened
which is a good thing to do anything a pulp and paper it out if the defendant
expected help yet
out but it was the captain rebuke posting
skillrich prevention
albrecht looks financial it yet
that late q correct that uh...
soto compact
i pat bolan alright
or start back but by income
arm apparel lap that weights
people now all
with some of what way
and at on and being back
went generate
the money that we made it
even all my life
will be expanded carpet or where
or or people
that uh... all help capture in this even takes into consideration the fact that
if people had coverage that they weren't paying for each individual visit you
might see increased utilization right things people put off they would no
longer put off
you even considering that in the cost are you not irr they're worried about in
uh... hilton's that
arm about what a prophetic people that are open to not
bill scripture
that albeit barb baap
it incurable spend
from doctor golden did you get this
they don't get it
fifteen twenty percent of people win help people
well or sc
it bub can grow
so when we got only lower when we look at the bottom line if we take into
consideration the additional taxes being paid as well as the savings to people
from not buying health insurance
everybody up to the fore to the top four percent of income earners correct me if
i'm not
would have a net gain in disposable income by the amount that they would
save is going to be far outweighed by the additional taxes they would pay on
health care
for health care
e about that
hailed accident with the arrow wait but not that sick
and it thank you both looking what
i think this would be a major step
birthing
rate
globalctg of up the fire
that that or with yet
aren't we credits
huge transferable well and info
all off
their chin people
uh... ako since i was just looking at is that this different recession damp
on although include that with are
with property
at port
well not what ninety-three but or well expo
are and we're certainly familiar criminally with those numbers the next
discussion of course which we don't have time for today but will have you back
for is
will this more likely happen under individual states single-payer systems
but will it happen under expanding medicare et cetera a but not that no
time for that today unfortunately the article is a dollars and sense dot lord
we've been speaking with gerald friedman he's professor of economics at the
university of massachusetts amherst
uh... great police in really a pleasure to speak with you and all in your
practice now joining us as well so uh... carlos the both are really
asked opal
uh... at the bar thanks professor
thank you very much