Also, here, an article in the Charlotte Business Journal by staff writer Jennifer Thomas. She reports that North Carolina could save 18.7 billion dollars by adopting the single payer model for health care.
Gerald Friedman, professor of economics at the University of Massachusetts at Amherst, spoke last night at the Health Care Justice meeting in Charlotte.
Friedman has drafted financing plans for single-payer health systems for Maryland, Massachusetts and the United States. If adopted, he estimates such a payment model could result in $2 trillion in savings nationwide over the next decade mainly by cutting administrative costs and controlling prescription drug prices.Professor Friedman reported last night that health-care spending in North Carolina has risen more than 400 percent since 1990 while per capita income has barely doubled, resulting in increased pressure on family income. Also, from 1960 to 2010, health care spending has risen from 7 to 39 percent of a family's take-home pay.
You can listen to a 3 part series of interviews with Professor Friedman here.
*Photo credit/Mother Jones/"Vermont passes single payer health care; the world doesn't end."