A universal single-payer healthcare system would reduce the United States government deficit by 40%.
According to a study by the United States National Library of Medicine of the National Institutes of Health: “The total cost of the intervention over 12 months was $238,388 and the cost of increasing the delivery of appropriate care was $192,912 for a total cost of $431,300. The savings from reduction in inappropriate testing were $148,568 and from avoiding treatment costs as a result of appropriate testing were $455,464 for a total savings of $604,032. On a yearly basis the net cost saving to the government is $191,733 per year (2003 $Can) equating to $3,687 per physician or $63,911 per facilitator, an estimated return on intervention investment and delivery of appropriate preventive care of 40%.”
This is the conclusion of a study comparatively eliminating all of the financial bureaucracies of a healthcare system controlled by government-subsidized corporations, in which patients are individually divided and denied the medical treatment of practitioners according to their ability to pay or by the technicalities of their private insurance coverage.
Total spending on Health and Human Services in the 2013 federal government budget is $940.9 billion. A 40% reduction achieved through the United States creating a universal healthcare system like the rest of the industrialized world would by the NLM’s estimation save $376.36 billion a year; around 41.8% of the entire government deficit at planned 2013 levels.