Tue
Jul 31 2018
08:58 am

Medicare, which helped pay the health care costs of 56 million beneficiaries in 2017, is a critical part of the country’s economic infrastructure, investing about $710 billion in the national economy that year.

You can download the Tennessee Medicare fact sheet to see how Medicare contributes to Tennessee's economy.

  • Medicare contributes $14.4 billion to Tennessee’s economy
  • Medicare helped pay the healthcare costs of 1.2 million Medicare beneficiaries in Tennessee in 2017
  • Medicare spending in Tennessee is equivalent to about 25 percent of spending by state and local governments in Tennessee.
fischbobber's picture

Koch's new study.

Apparently, the Koch's crunched the numbers on Bernie's Medicare for all and came up with a cost of 32.6 trillion over ten years. The lowest estimate I found on current American medical expenditures is a bit over 3.4 billion dollars a year. Not counting for inflation of private sector, for-profit medicine It is a savings of roughly 2 trillion dollars over ten years.The real savings would likely be closer to 10 trillion.

Just food for thought with raw numbers.

Tamara Shepherd's picture

*

Exactly. Medicare for All would represent a savings of at least $2.1 trillion over 10 years. And it would eliminate co-pays and deductibles. And it would insure *everybody* in the country.

And it would make Harry Truman smile down from heaven on the Democratic Party.

Let's roll.

fischbobber's picture

Tamara

It's good to see you weighing in. Don't ever quit.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

style="display:block"
data-ad-format="autorelaxed"
data-ad-client="ca-pub-3296520478850753"
data-ad-slot="5999968558">

TN Progressive

TN Politics

Knox TN Today

Local TV News

News Sentinel

State News

Local .GOV

Wire Reports

Lost Medicaid Funding

To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)

Search and Archives