| ▲ | some_random a day ago | |
Medicare alone costs $1.21 Trillion, I find that extremely hard to believe. | ||
| ▲ | JumpCrisscross a day ago | parent [-] | |
> Medicare alone costs $1.21 Trillion To cover 70.5 million seniors [1]. $17k per senior. “Per person personal health care spending for the 65 and older population was $22,356 in 2020, over 5 times higher than spending per child ($4,217) and almost 2.5 times the spending per working-age person ($9,154)” [2]. 80 million under 19 [3] at that rate comes to about $400bn. And most efficiency estimates would take at least a third off that when we eliminate redundant billing processes. Given 6% of children lack health insurance, we could cover them for about $24bn. Less than Trump’s war in Iran has cost [4]. [1] https://data.cms.gov/summary-statistics-on-beneficiary-enrol... [2] https://www.cms.gov/data-research/statistics-trends-and-repo... [3] https://www.cms.gov/data-research/statistics-trends-and-repo... | ||