Medicare for All would save Colorado $1.5 billion per year
The extensive study of Colorado’s health care system for the legislature’s 208 Commission found that a single-payer system would save Coloradans $1.5 billion per year while covering everyone. America’s unique market-based system (with 47 million uninsured) leaves us paying almost twice as much per capita for our health care as other industrialized nations.
Further, it is patently ridiculous to suggest that with a single-payer system, where coverage is guaranteed, people would still avoid needed health care because of fear of costs.
As for quality, a 2007 Commonwealth Fund study of medical errors found that Americans report the highest rate of medical mistakes, medication errors, and lab test errors. About 200,000 Americans die every year due to medical errors.