Medicare for All reduces costs to US families up to $450 Billion / year.

Headlines suggest Medicare for All could cost up to 40 Trillion dollars over 10 years.  But what are the offsetting savings, what are we paying now?  What will that mean to the budget and care for families?

That is Medicare for All will reduce the overall cost of Medical Care in the US  by as much as $450 Billion per year..  https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(19)33019-3/fulltext#%20

"In their breakdown of the numbers, researchers applied the existing Medicare fee structure across the entire health-care system and found it would save about $100 billion annually. Keep in mind that this basically represents less money going to doctors and hospitals, a major sticking point for medical groups that oppose Medicare-for-all. But those declines would be more than offset by several hundred billions in savings from reduced administrative and billing costs, Galvani and her colleagues estimate. The lack of patient billing under a Medicare-for-all system would also eliminate the roughly $35 billion a year that hospitals now pay to chase down unpaid bills."