No. of Recommendations: 3
single payer even though they know we'd have to massively increase taxes and spending for it.
The increased taxes and spending are only half the story. The other half of the story is that all the money spent on health insurance premiums would stop.
As a rough cut, these would offset each other, so there would be no net increase in costs or spending, it would simply get shuffled around. The money spent on health insurance would instead become a tax, and the insurance co spending on health care services would become government spending on health services.
In reality, there should be some overall savings, as insurance co profits come out of premiums. And there might be some minor savings elsewhere in administrative costs.
--Peter
