The numbers of lives lost and dollars spent during the pandemic would have been significantly lower if universal health care had been in place, a new study says.
Americans spend more on health care than people in any other nation. Yet in any given year, the piecemeal nature of the American medical insurance system causes many preventable deaths and unnecessary costs. Not surprisingly, COVID-19 only exacerbated this already dire public health issue, as evidenced by the U.S.’s elevated mortality, compared with that of other high-income countries.
“Health care reform is long overdue in the U.S.,” says the study’s lead author Alison Galvani, director of the Center for Infectious Disease Modeling and Analysis at the Yale School of Public Health. “Americans are needlessly losing lives and money.” Prior to the pandemic, 28 million American adults were uninsured, and nine million more lost their insurance as a result of unemployment because of COVID-19. “Many Americans feel secure in having good health insurance from their employer, but employer-based insurance can be cut off when it is needed most,” Galvani points out.
The researchers also estimated the cost to insure the entire American population—and the savings that measure would produce. They found that a single-payer health care system would generate savings in three ways: more efficient investment in preventative care, lowered administrative costs and increased negotiating power for pharmaceuticals, equipment and fees. This would ultimately produce a net savings of $459 billion in 2020 and $438 billion in a nonpandemic year, the authors found.
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