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].
> 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...
[4] https://www.aecf.org/blog/uninsured-children-in-america