Medicare for All Would Save $650 Billion Annually

With Premiums Set to Rise, a Reminder:

‘Medicare for All Would Save $650 Billion’ Annually

As The Washington Post reported on Friday, the cost of health insurance is “on track for their biggest jump in at least five years” thanks in part to the actions of congressional Republicans and President Donald Trump.

Citing new research from KFF, the Post noted that most people who buy insurance through the Affordable Care Act are set to see their premiums rise by over 75% unless Congress steps in and renews enhanced subsidies that had been passed into law under the American Rescue Plan in 2021.

“Next year, Americans will see the biggest jump in health insurance costs in 15 years,” commented former US Labor Secretary Robert Reich. “Meanwhile, the six largest health insurers raked in more than $31 billion in net income last year. Still not sure if we need Medicare for All?”

“our daily reminder:

Medicare for All would:

• save $650 billion and 

• 68,000 lives each and every year 

• while providing comprehensive healthcare to every man, woman, and child with no premiums, no deductibles, and no co-payments.