Story perspectives

Medicare for All Cuts U.S. Health Spending $1.04 Trillion

8/13/2026

Summary

Story summary

A U.S. study posted July 24 estimates Medicare for All would cut health spending from $5.2 trillion to $4.2 trillion, saving $1.04 trillion annually.
Researchers say lower drug prices, reduced fraudulent billing and fewer emergency and inpatient visits would generate the $1.04 trillion savings and prevent about 114,174 deaths each year.
A report says the health-insurance industry is spending $15 million through Third Way to oppose progressive candidates who back Medicare for All.

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Story summary

A U.S. study posted July 24 estimates Medicare for All would cut health spending from $5.2 trillion to $4.2 trillion, saving $1.04 trillion annually.
Researchers say lower drug prices, reduced fraudulent billing and fewer emergency and inpatient visits would generate the $1.04 trillion savings and prevent about 114,174 deaths each year.
A report says the health-insurance industry is spending $15 million through Third Way to oppose progressive candidates who back Medicare for All.