obamacare outline

gerald friedman's joining us he'sprofessor of economics at the university of massachusetts amherst landed graduateall minor and he has eight unique piece in dollars and sense dot or which talksabout what would a potential single-payersystem actually look like a spars uh... what would it cost we're with themoney come from and uh... would it be communist socialism like we hear so muchuh... in uh... mainstream corporate media the professor friedman i think agood place to start would be before we talk about how such a system would befunded uh... what it would cost which yououtlined in the paper don't you

you're well of course you've got the lot left with pendingtheir that back at the bottom line with bending down event in seventy eight dollars out of the peopleof the bells what are it arm which i think that may be bar people that he cannot be spent a lot ofmoney and helped get the proper we get pretty it

belt that we can't are here well what band and we could probably get erectile or spending less money that's at leastthe experience of amply other there okay but what will you tell you when yousay we're spending we could spend less than seventeen dollars what potentiallywhere do you see a dropping or something it marburg alll but we could brookwood empathic they'vebeen built

billion dollop which would get if i would spend the gapsomething like well well that abdullah plop out that at that point outwitted or that's about these thingsthat with order directing but what about cutting problem well yet for example it gets kind of american don't laptop on and they're like that that concededsix you well

well another hampers samples so american don't have health insurance at somepoint of view alm or really inadequate help private healthinsurance that would be a fit barb it doesn't cut their for so as a percentage of g_d_p_ growth forworked for comparison

does the u_s_ spend uh... how how toother countries at the same level of development is the u_s_ spent as apercentage of g_d_p_ on health care about eleven sat which is really interesting withoutsystem uh... a lot of people talk about theortho if uh... private just a bit bonham well yaar pop-up book i helped her went employmentand that's why it actually we've had a major change thereare all before that would be dot

four years ago most employees they'd stop chart with done whenloopholes repeal park which was a community its why am we're everybody in the air your stable property of but what the step that we fragment of so that you know it hundreds of hebron playing on off thebike doesn't at the pump

canada what time that we would keep you readthat directly will private competitive are what prompts aspen habitat want about but universal single-payer system the walkway at the age proper at that or that they've been trying to work withthem because they've been that's not

uh... instead i would spend a good productsthat have been that that spending the products m_-eleven that's that's definitely add that thoseare those of the numbers i think we need to be looking at which you won't hearabout when this is discussed when when the main criticism of its too expensive you don't hear those numbers for you not not not to know that was just a bitwombat go what property opal aren't entered the debate here are

like expecting rolled thereafter andarmada then in the united states drugs on withspending more and more bodies every all the repair i think the bigger increase lifeexpectancy what less money here well let's let let's let's assume wecould agree that the system would work better which not everybodywould concede to us but for the purposes of this conversation let's assume we canat least agree on that then the next optical people like to talk about iscost and when you outline this i think

is one point three five trillion cost you breakdown exactly how this would bepaid for what's the biggest component because people assume hey my taxes onincome mergers going to go up and uh... you know it's it's class warfare etcetera how would you actually pay for the system well first of all it it would be paid well act this type ofmost unbearable or where the or eventful at

that opened the or or on although or that indeed ninety-five alert them aren't they would be than significantlywet arm finding open term than that at that off of the bering village program willbe outlawed looking went act or

financial transactions veto a tax write but opened which is a good thing to do anything apulp and paper it out if the defendant expected help yet out but it was the captain rebukeposting skillrich prevention albrecht looks financial it yet that late q correct that uh... soto compact

i pat bolan alright or start back but by income arm apparel lap that weights people now all with some of what way and at on and being back went generate the money that we made it even all my life

will be expanded carpet or where or or people that uh... all help capture in this eventakes into consideration the fact that if people had coverage that they weren'tpaying for each individual visit you might see increased utilization rightthings people put off they would no longer put off you even considering that in the costare you not irr they're worried about in uh... hilton's that arm about what a prophetic people thatare open to not

bill scripture that albeit barb baap it incurable spend from doctor golden did you get this they don't get it fifteen twenty percent of people winhelp people well or sc it bub can grow so when we got only lower when we lookat the bottom line if we take into

consideration the additional taxes beingpaid as well as the savings to people from not buying health insurance everybody up to the fore to the top fourpercent of income earners correct me if i'm not would have a net gain in disposableincome by the amount that they would save is going to be far outweighed bythe additional taxes they would pay on health care for health care e about that

hailed accident with the arrow wait butnot that sick and it thank you both looking what i think this would be a major step birthing rate globalctg of up the fire that that or with yet aren't we credits huge transferable well and info

all off their chin people uh... ako since i was just looking at isthat this different recession damp on although include that with are with property at port well not what ninety-three but or wellexpo are and we're certainly familiarcriminally with those numbers the next discussion of course which we don't havetime for today but will have you back

for is will this more likely happen underindividual states single-payer systems but will it happen under expandingmedicare et cetera a but not that no time for that today unfortunately thearticle is a dollars and sense dot lord we've been speaking with gerald friedmanhe's professor of economics at the university of massachusetts amherst uh... great police in really a pleasureto speak with you and all in your practice now joining us as well so uh...carlos the both are really asked opal

uh... at the bar thanks professor thank you very much