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‘The time is now:’ Over 200 economists send a letter to Congress endorsing Medicare for All

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Prematurely of in the present day’s listening to on the Home Price range Committee on Medicare for All, greater than 200 economists have written an open letter to Congress endorsing Medicare for All as the answer to our grasping healthcare issues.

“It’s a positive winner – apart from the profiteers,” says professor of economics Jeffrey Sachs, who’s identify is among the 209 signatories.

Citing proof on how different nations all over the world have been profitable with publicly funds healthcare techniques, the letter states:

Proof from all over the world demonstrates that publicly financed healthcare methods end in improved well being outcomes, decrease prices, and larger fairness. As of 2017, the U.S. spent $three.three trillion yearly on healthcare. This equaled 17 % of U.S. GDP, with common spending at about $10,000 per individual. Against this, Germany, France, Japan, Canada, the U.Okay., Australia, Spain and Italy spent between 9 – 11 % of GDP on well being care, averaging $three,400 to $5,700 per individual. But common well being outcomes in all of those nations are superior to these in the USA. In all of those nations, the general public sector is predominant in financing heath care.

“Medicare for All will give us a system already confirmed in different nations: a lot decrease prices with much less problem and fear,” says Saches.

The letter concludes, “We encourage Congress to maneuver ahead with implementing a public financed Medicare for All plan to realize the equitable and reasonably priced common well being care system that the American individuals want.”

Immediately the Home Price range Committee will maintain a congressional listening to on single-payer healthcare to debate Rep. Pramila Jayapal’s Medicare for All Act of 2019. The invoice already has 108 co-sponsors,

Learn the complete letter under:

As economists, we perceive that a single-payer “Medicare for All” medical insurance system for the U.S. can finance good-quality look after all U.S. residents as a primary proper whereas nonetheless considerably decreasing general well being care spending relative to the present exorbitant and wasteful system. Well being care isn’t a service that follows normal market guidelines. It ought to subsequently be offered as a public good.

Proof from around the globe demonstrates that publicly financed well being care techniques end in improved well being outcomes, decrease prices, and higher fairness. As of 2017, the U.S. spent $three.three trillion yearly on well being care. This equaled 17 % of U.S. GDP, with common spending at about $10,000 per individual. Against this, Germany, France, Japan, Canada, the U.Okay., Australia, Spain and Italy spent between 9 – 11 % of GDP on well being care, averaging $three,400 to $5,700 per individual. But common well being outcomes in all of those nations are superior to these in the USA. In all of those nations, the general public sector is predominant in financing well being care.

For these causes, the time is now to create a common, single-payer, Medicare for All well being care system in america.

Public financing for well being isn’t a matter of elevating new cash for healthcare, however of decreasing complete healthcare outlays and distributing funds extra equitably and effectively. Implementing a unified single-payer system would scale back administrative prices and remove people’ and employers’ insurance coverage premiums and out-of-pocket prices. If mixed with public management of drug costs and a dramatically simplified international budgeting system, a wise Medicare financing system would scale back healthcare prices whereas guaranteeing entry to complete care and monetary safety to all.

As such, we help publicly and equitably financed well being care via a Medicare for All system on the Federal degree, as described in H.R. 1384 and S. 1129. We encourage Congress to maneuver ahead with implementing a public financed Medicare for All plan to realize the equitable and reasonably priced common well being care system that the American individuals want. Signed,

  1. Randy Albelda, Professor of Economics, College of Massachusetts Boston
  2. Carolyn B. Aldana, Professor Emeritus, California State College, San Bernardino three Mona Ali, Affiliate
  3. Professor of Economics, SUNY New Paltz
  4. Larry Allen, Professor of Economics, Lamar College
  5. Jack Amariglio, Emeritus Professor of Economics, Merrimack School
  6. Eileen Appelbaum, Co-Director and Senior Economist, Middle for Financial and Coverage Analysis
  7. Peter Arno, Senior Fellow & Director Well being Coverage Analysis, Political Financial system Analysis Institute, College of Massachusetts, Amherst
  8. Michael Ash, Professor of Economics & Public Coverage, College of Massachusetts Amherst
  9. Glen Atkinson, Emeritus Professor of Economics, College of Nevada, Reno
  10. M V Lee Badgett, Professor of Economics, College of Massachusetts Amherst
  11. Ron Baiman, Assistant Professor of Economics, Benedictine College
  12. Dean Baker, Senior Economist, Middle for Financial and Coverage Analysis
  13. Radhika Balakrishnan, Professor, Rutgers College
  14. Nina Banks, Affiliate Professor of Economics, Bucknell College
  15. David Barkin, Distinguished Professor, Universidad Autonoma Metropolitana
  16. Charles Barone, Professor Emeritus, Dickinson School
  17. Deepankar Basu, Affiliate Professor, College of Massachusetts Amherst
  18. Lourdes Beneria, Professor Emerita, Cornell College
  19. Peter H. Bent, Assistant Professor, American College of Paris
  20. Suzanne Bergeron, Professor, College of Michigan Dearborn
  21. Cyrus Bina, Distinguished Analysis Professor of Economics, College of Minnesota (Morris Campus), and Fellow, Economists for Peace and Safety
  22. Josh Bivens, Analysis Director, Financial Coverage Institute
  23. Robert A. Blecker, Professor of Economics, American College
  24. Peter Bohmer, School in Economics and Political Financial system, The Evergreen State School
  25. Howard Botwinick, Affiliate Professor of Economics, SUNY Cortland
  26. Roger Even Bove, Ph.D. in Economics, West Chester College (retired)
  27. James Okay. Boyce, Professor Emeritus, College of Massachusetts Amherst
  28. Robert Brenner, Director, Middle for Social Concept and Comparative Historical past, UCLA
  29. Michael Brün, Teacher, Heartland Group School
  30. Antonio Callari, Professor, Franklin and Marshall School
  31. Al Campbell, Emeritus Professor of Economics, College of Utah
  32. Martha Campbell, Affiliate Professor of Economics, Emeritus, SUNY Potsdam
  33. Jim Campen, Professor of Economics, Emeritus, College of Massachusetts Boston
  34. José Caraballo, Professor, College of Puerto Rico
  35. Scott Carter, Professor of Economics, The College of Tulsa
  36. James F Casey, Affiliate Professor of Economics, Washington and Lee College
  37. John Dennis Chasse, Professor Emeritus, SUNY School at Brockport
  38. Robert Chernomas, Professor of Economics, College of Manitoba
  39. Kimberly Christensen, Economics Professor, Sarah Lawrence School
  40. Douglas Cliggott, Lecturer, Economics, College of Massachusetts
  41. Nathaniel Cline, Affiliate Professor, College of Redlands
  42. Richard Cornwall, Professor Emeritus, Middlebury School
  43. James Crotty, Emeritus Professor, College of Massachusetts
  44. Dr. James Cypher, Professor of Economics, Universidad Autonoma de Zacatecas, Mexico, and Emeritus Professor, California State College
  45. Omar Dahi, Hampshire School
  46. Anita Dancs, Affiliate Professor of Economics, Western New England College
  47. Paul Davidson, Emeritus Professor Chair of Honor, College of Tennessee
  48. Charles Davis, Professor of Labor Research, Indiana College
  49. Carmen Diana Deere, Distinguished Professor Emerita, College of Florida
  50. George DeMartino, Professor, JKSIS, College of Denver
  51. Firat Demir, Professor, College of Oklahoma
  52. James G. Devine, Professor of Economics, Loyola Marymount College
  53. Geert Dhondt, Affiliate Professor, John Jay School, CUNY
  54. Peter Dorman, Professor of Political Financial system, Evergreen State School
  55. Richard Du Boff, Professor Emeritus, Bryn Mawr School
  56. Marie C. Duggan, Professor of Economics, Keene State School
  57. Amitava Krishna Dutt, Professor of Economics and Political Science, College of Notre Dame
  58. Nina Eichacker, Assistant Professor, College of Rhode Island
  59. David P Ellerman, Visiting Scholar, College of California at Riverside
  60. Gerald Epstein, Professor of Economics, College of Massachusetts Amherst
  61. Thomas Ferguson, Professor Emeritus, College of Massachusetts Boston
  62. Ellen Fitzpatrick, Professor, Merrimack School
  63. Sean Flaherty, Professor of Economics, Franklin and Marshall School
  64. Nancy Folbre, Professor Emerita of Economics, College of Massachusetts Amherst
  65. Mariko Body, Assistant Professor of Economics, Merrimack School
  66. Dania V. Francis, Assistant Professor, College of Massachusetts Amherst
  67. Gerald Friedman, Professor of Economics, College of Massachusetts Amherst
  68. James Okay. Galbraith, Professor, College of Texas at Austin
  69. Barbara Garson, Writer, Cash Makes the World Go Spherical
  70. Armagan Gezici, Affiliate Professor of Economics, Keene State School
  71. Helen Lachs Ginsburg, Professor Emerita of Economics, Brooklyn School/CUNY
  72. Mwangi Wa Githinji, Affiliate Professor, College of Massachusetts-Amherst
  73. Artwork Goldsmith, Professor of Economics, Washington and Lee College
  74. Neva Goodwin, Co-director, GDAE, Tufts College
  75. Ulla Grapard, Professor of Economics and Ladies’s Research, Emerita, Colgate College
  76. Robert Guttmann, Augustus B Weller Professor of Economics, Hofstra College
  77. Robin E Hahnel, Professor Emeritus, American College
  78. John Battaile Corridor, Professor of Economics, Portland State College
  79. Jay Hamilton, Assistant Professor, John Jay School
  80. Greg P. Hannsgen, Founder and Blogger, Greg Hannsgen’s Economics Weblog, and Analysis Affiliate, Levy Economics Institute of Bard School
  81. John T. Harvey, Professor of Economics, Texas Christian College
  82. Baban Hasnat, Professor of Worldwide Enterprise, SUNY Brockport
  83. F. Gregory Hayden, Professor, College of Nebraska-Lincoln
  84. Carol E. Heim, Professor of Economics, College of Massachusetts Amherst
  85. John Forrest Henry, Senior Scholar, Levy Economics Institute, and Adjunct Professor, College of Missouri-Kansas Metropolis
  86. P. Sai-wing Ho, Professor, College of Denver
  87. Joan Hoffman, Professor, John Jay School of Legal Justice CUNY
  88. Barbara Hopkins, Professor, Wright State College
  89. Candace Howes, Professor of Economics, Connecticut School
  90. Eric Hoyt, Ph.D. in Economics, College of Massachusetts Amherst, and Analysis Director, Middle for Employment Fairness
  91. Joseph Michael Hunt, Teacher, Environmental and Well being Coverage, Harvard College
  92. Dorene Isenberg, Professor of Economics, College of Redlands
  93. Tae-Hee Jo, Affiliate Professor, SUNY Buffalo State
  94. Fadhel Kaboub, Affiliate Professor of Economics, Denison College, and President, International Institute for Sustainable Prosperity
  95. Stephanie A Kelton, Professor of Economics and Public Coverage, Stony Brook College, and Senior Financial Advisor, Bernie2020 Presidential Marketing campaign
  96. Haider A Khan, John Evans Distinguished College Professor, College of Denver
  97. Mu-Jeong Kho, College School London, the College of London
  98. Marlene Kim, Professor, College of Massachusetts Boston
  99. Mary C. King, Professor of Economics Emerita, Portland State College
  100. Charalampos Konstantinidis, Affiliate Professor, College of Massachusetts Boston
  101. Kazim Konyar, Professor of Economics, California State College, San Bernardino
  102. Brent Kramer, Adjunct Assistant Professor, Metropolis College of New York
  103. Patrick L Mason, Professor of Economics, Florida State College, and Director, African American Research Program
  104. David Laibman, Professor Emeritus, Economics, Metropolis College of New York, and Editor, Science & Society
  105. Thomas Lambert, Lecturer, College of Louisville
  106. Anthony Laramie, Professor of Economics, Merrimack School
  107. Margaret Levenstein, Analysis Professor, Institute for Social Analysis and Faculty of Info, College of Michigan
  108. An Li, Assistant Professor, Sarah Lawrence School
  109. Victor D. Lippit, Professor Emeritus of Economics, College of California, Riverside
  110. James Luke, Professor of Economics, Lansing Group School
  111. Daniel MacDonald, Assistant Professor, California State College San Bernardino
  112. Arthur MacEwan, Professor Emeritus of Economics, College of Massachusetts Boston
  113. Allan MacNeill, Professor, Webster College
  114. Zagros Madjd-Sadjadi, Full Professor of Economics, Winston-Salem State College, and Former Chief Economist, Metropolis and County of San Francisco
  115. Yahya M. Madra, Affiliate Professor of Economics, Drew College
  116. Theresa Mannah-Blankson, Assistant Professor of Economics, Messiah School
  117. Thomas Masterson, Director of Utilized Micromodeling, Levy Economics Institute of Bard School
  118.  Gabriel Mathy, Assistant Professor, American College
  119. Peter H Matthews, Dana Professor of Economics, Middlebury School
  120. Scott McConnell, Affiliate Professor of Economics, Japanese Oregon College, and Proprietor/CEO, Aspect A Brewing
  121. Elaine McCrate, Economics Professor Emerita, College of Vermont
  122. Terrence McDonough, Professor Emeritus, Nationwide College Eire Galway
  123. Martin Melkonian, Adjunct Affiliate Professor, Economics, Hofstra College
  124. Peter B. Meyer, Professor Emeritus of City Coverage and Economics, College of Louisville
  125. Thomas Michl, Professor of Economics, Colgate College
  126. John Miller, Professor of Economics, Wheaton School
  127. Katherine A. Moos, Assistant Professor of Economics, College of Massachusetts Amherst
  128. Tracy Mott, Professor, College of Denver
  129. Michele Naples, Professor of Economics, The School of New Jersey
  130. Daniel H. Neilson, School in Economics, Bard School at Simon’s Rock
  131. Edward J. Nell, Emeritus Professor, New Faculty for Social Analysis
  132. Julie A. Nelson, Professor, College of Massachusetts Boston
  133. Reynold F. Nesiba, Professor of Economics, Augustana College
  134. John Casey Nicolarsen, Visiting Professor, Sarah Lawrence School
  135. Eric Nilsson, Professor, California State College San Bernardino
  136. Erik Olsen, Affiliate Professor, College of Missouri Kansas Metropolis
  137. Paulette Olson, Professor Emerita, Wright State College
  138. Lenore Palladino, Senior Economist, Roosevelt Institute
  139. Christian Parenti, Affiliate Professor Division of Economics, John Jay School CUNY
  140. Mark Paul, Assistant Professor of Economics, New School of Florida
  141. Eva Paus, Professor of Economics, Mount Holyoke School
  142. Karen A Pfeifer, Professor Emerita of Economics, Smith School
  143. Lynda Pickbourn, Assistant Professor of Economics, Hampshire School
  144.  Bruce Pietrykowski, Professor of Economics, College of Michigan-Dearborn
  145.  Chiara Piovani, Affiliate Professor, College of Denver
  146.  Robert Pollin, Distinguished Professor of Economics, College of Massachusetts Amherst, and Co-Director, Political Financial system Analysis Institute (PERI)
  147. Devin T. Rafferty, Assistant Professor, Saint Peter’s College, and Founding Director, MS Finance Program
  148. Pratistha Joshi Rajkarnikar, Postdoc Scholar, International Improvement and Setting Institute, Tufts College
  149. Michael Robinson, Professor of Economics, Mount Holyoke School
  150. John Roche, Affiliate Proferssor Emeritus, St John Fisher School
  151. Leonard Rodberg, Emeritus Professor of City Research, Queens School/CUNY
  152. Leanne Roncolato, Assistant Professor of Economics, Franklin and Marshall School
  153. Frank Roosevelt, Emeritus Professor of Economics, Sarah Lawrence School
  154. Jaime Ros, Emeritus Professor, College of Notre Dame, and Professor of Economics, Nationwide Autonomous College of Mexico
  155. Nancy E Rose, Professor Emeritus, California State College San Bernardino
  156. Trevor R. Roycroft, Ph.D., Professor Emeritus, Ohio College
  157. David F. Ruccio, Professor of Economics, College of Notre Dame
  158. Jeffrey D. Sachs, Professor, Columbia College
  159. Gregory M Saltzman, Professor of Economics and Administration, Albion School
  160. John Sarich, The Cooper Union for the Development of Science and Artwork
  161. John Schmitt, Vice President, Financial Coverage Institute
  162. Jeremy Schwartz, Affiliate Professor, Loyola College Maryland
  163. Elliott Sclar, Emeritus Professor, Columbia College
  164. Stephanie Seguino, Professor of Economics, College of Vermont
  165.  Mark Setterfield, Professor of Economics, New Faculty for Social Analysis
  166.  Anwar Shaikh, Professor, New Faculty for Social Analysis
  167.  Barry G. Shelley, Senior Lecturer, Pardee Faculty of International Research, Boston College
  168.  Zoe Sherman, Assistant Professor of Economics, Merrimack School
  169. Heidi Shierholz, Senior Economist and Director of Coverage, Financial Coverage Institute
  170. Hee-Younger Shin, Assistant Professor, Wright State College
  171. Nicholas Shunda, Affiliate Professor of Economics, College of Redlands
  172. Kellin Stanfield, Assistant Professor of Economics, Hobart and William Smith Schools
  173.  Howard Stein, Professor, College of Michigan, Ann Arbor
  174.  Jose A. Tapia, Affiliate Professor, Drexel College
  175. Linwood Tauheed, Affiliate Professor, College of Missouri Kansas Metropolis
  176.  Daniele Tavani, Affiliate Professor, Colorado State College
  177. Pavlina R. Tcherneva, Program Director and Affiliate Professor of Economics, Bard School, and Analysis Affiliate, Levy Economics Institute
  178. Chris Tilly, Professor of City Planning, UCLA Luskin Faculty of Public Affairs
  179. E. Ahmet Tonak, Visiting Professor, Economics, College of Massachusetts Amherst
  180.  Mariano Torras, Professor, Adelphi College
  181.  Andres Torres, Distinguished Lecturer, Lehman School (retired)
  182.  Mayo Toruno, Professor Emeritus, California State College San Bernardino
  183. Eric Tymoigne, Affiliate Professor of Economics, Lewis & Clark School
  184. Vamsi Vakulabharanam, Affiliate Professor of Economics, College of Massachusetts Amherst
  185.  William Van Lear, Economics Professor, Belmont Abbey School
  186. Ramaa Vasudevan, Affiliate Professor, Colorado State College
  187. Tanadej Vechsuruck, Assistant Professor, College of Rhode Island
  188.  William Waller, Professor of Economics, Hobart and William Smith Schools
  189.  John P. Watkins, Professor of Economics, Westminster School, and Adjunct Professor of Economics, College of Utah
  190. David F. Weiman, Professor of Economics, Barnard School, Columbia College
  191.  Scott A. Weir, Ph.D. in Economics, Retired
  192. Jeannette Wicks-Lim, Affiliate Analysis Professor, Political Financial system Analysis Institute
  193. Noé Wiener, Lecturer, College of Massachusetts Amherst
  194.  Robert B. Williams, Professor of Economics, Guilford School
  195. John Willoughby, Professor, Division of Economics, American College
  196.  Benjamin Wilson, Assistant Professor, SUNY CortlandL
  197. Lucas Wilson, Professor, Mount Holyoke School
  198. Valerie Wilson, Director, Program on Race, Ethnicity & the Financial system, Financial Coverage Institute
  199.  Andrew J Winnick, Professor Emeritus, California State College Los Angeles
  200. Jon D. Wisman, Professor of Economics, American College
  201. Richard D. Wolff, Professor of Economics Emeritus, College of Massachusetts Amherst
  202. L. Randall Wray, Professor of Economics and Senior Scholar, Bard School and Levy Economics Institute
  203. Brenda Wyss, Affiliate Professor, Wheaton School Massachusetts
  204. Yavuz Yasar, Affiliate Professor, College of Denver
  205. Tai Younger-Taft, Assistant Professor of Economics, Bard School at Simon’s Rock, and Analysis Scholar, Levy Economics Institute of Bard School
  206. June Zaccone, Affiliate Professor of Economics, Emerita, Hofstra College
  207. Ajit Zacharias, Senior Scholar, Levy Economics Institute
  208. German A. Zarate-Hoyos, Affiliate Professor, SUNY Cortland
  209. Gabriel Zucman, Assistant Professor of Economics, College of California, Berkeley
Ruth Milka

Ruth is an intern for NationofChange.

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