Previous research has shown that shifting the United States to a Medicare for All system could save roughly 68,000 lives and $650 billion per year, but a new study by experts at Yale University suggests the savings would likely be even greater on both fronts.
In a Tuesday statement, Sen. Bernie Sanders (I-Vt.), lead sponsor of the Medicare for All Act in the Senate, highlighted the findings, published recently on medRxiv, a server for preprints, or research that hasn’t yet been peer reviewed.
“The US spends more on healthcare than any other nation, yet tens of millions of Americans are uninsured or underinsured, and coverage retractions enacted in 2025 are widening these gaps,” the five experts wrote.
Upward of 15 million Americans could lose health insurance coverage over the next decade because of Medicaid cuts in President Donald Trump’s so-called One Big Beautiful Bill Act and the Republican-led Congress’ failure to extend Affordable Care Act subsidies that expired at the end of last year.
“The misalignment between the for-profit insurance architecture and optimal patient care, together with the inefficiencies of a fragmented system, contributes to both unnecessary costs and preventable mortality,” according to the Yale researchers. “We update our previous analyses with the most recent data to project the economic benefits and the number of lives saved that would be achieved by single-payer universal coverage, as proposed in the Medicare for All Act.”
“We estimate that such a system would reduce national health expenditure by $1,041 billion annually,” they explained. “Sources of savings include reductions in administrative overhead, pharmaceutical prices, fraudulent billing, and avoidable emergency care. Combined with the reversal of recent retractions, universal coverage would save over 114,000 lives annually.”
Specifically, as Sanders’ office detailed in a statement, Americans would save:
- $377.5 billion by paying no more than other major countries for prescription drugs;
- $286.3 billion by eliminating bureaucracy and waste;
- $285.7 billion by curbing fraudulent billing;
- $100 billion by preventing costly emergency room and hospital visits; and
- $295.6 billion by reimbursing providers fairly for the care they provide.
Welcoming the findings, the senator declared that “this study confirms what we have known for years: Medicare for All saves lives and saves money. In fact, guaranteeing healthcare as a human right through a Medicare for All, single-payer system would cost $1 trillion less than our current dysfunctional system.”
“It would save working families thousands of dollars a year. And it would prevent over 100,000 Americans from dying unnecessarily each and every year because they cannot make it to a doctor in time,” he stressed. “At a time when 15 million Americans are being thrown off the healthcare they have and 20 million Americans have already seen their premiums double, on average, as a result of Trump’s so-called ‘Big Beautiful Bill,’ we need Medicare for All now more than ever.”
“The time is now to end the greed of the big insurance and drug companies and pass Medicare for All,” he added.
Image by Arek Socha from Pixabay
The research comes as Americans face high prices for not only healthcare but also food, gasoline, housing, and more under President Donald Trump and the GOP-led Congress. It also comes amid a renewed push by hundreds of advocacy groups that support Medicare for All and a wave of victories by progressive candidates who support the policy.
Among them is former Detroit health official Abdul El-Sayed, who won the Democratic primary for US Senate in Michigan last week having campaigned on a promise to prioritize “money out of politics, money in your pocket, and Medicare for All.” His victory followed those of various other candidates, from Colorado to New York and Pennsylvania.
However, it’s not just elected Republicans standing the way of a transition to universal healthcare in the United States. As a Monday analysis from the investigative outlet Sludge shows, the health insurance industry is pouring money into Third Way, a think tank reportedly preparing to spend $15 million combating the rise of candidates who support progressive policies including Medicare for All.
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