Tuesday, March 5, 2013

Economic Impact Study Press Release


After years of fundraising and preparation, HealthCare for all Pennsylvania's Economic Impact Study showing the benefits of a Single Payer health care system for our state is finally ready for release.  More press releases and a press conference with State Senator Jim Ferlo on March 19 are to come.

FOR IMMEDIATE RELEASE
For immediate release
Health Care 4 All PA
Contact: Scott Tyson
Phone: 412-421-4242


Study Proves That Single-Payer Health Care is Best for Pennsylvanians  And For the Commonwealth’s Economy
Erie, Pennsylvania February 26, 2013 -- Health Care for All PA, a statewide non-profit organization today released an economic impact study.  The results prove that a single-payer health care plan will save families, businesses and tax payers  $17 billion annually while at the same time providing comprehensive health care to all. 
This study was done by University of Massachusetts – Amherst professor of economics Gerald Friedman, Ph.D.   It compares the cost of the current for-profit health insurance model in Pennsylvania whereby provider choice is limited and health services are rationed by health insurance companies to that of a consumer-driven health care system which lets people have the freedom to choose their own doctors, hospitals and health care providers. 
Some of the important advantages of a single-payer system are:
·         Comprehensive coverage for every  resident of Pennsylvania,  including  dental, vision and mental health services;
·         Eliminates the need for hospitals to absorb the cost of care for the uninsured;
·         Reduces bureaucracy for private physicians resulting in reduced administrative costs and improved compensation for private physicians;
·         Reduces or eliminates health insurance over-costs for small business, allowing for more job creation, greater reinvestment of profits, and reduced workers’ compensation costs.
·         Radically reduces the total cost of health care to levels more consistent with costs in the rest of the industrialized world.
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