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Robert Pollin, pollin@econs.umass.edu
Jeannette Wicks-Lim, wickslim@peri.umass.edu
Jared Sharpe, 413/545-3809, jsharpe@umass.edu
A team of economists from the University of Massachusetts Political Economy Research Institute (PERI) has found that the Medicare for All Act of 2017, introduced to the United States Senate by Senator Bernie Sanders, is not only economically viable, but could actually reduce health consumption expenditures by about 9.6 percent while also providing decent health care coverage for all Americans.
Under these recommendations, the researchers find that the net costs of health care for middle-income families would fall by between 2.6 and 14 percent of income. For high-income families health care costs will rise, but only to an average of 3.7 percent of income for those in the top 20 percent income group, and to 4.7 percent of income for the top 5 percent.
The researchers also find that based on 2017 U.S. health care expenditure figures, the cumulative savings for the first decade operating under Medicare for All would be $5.1 trillion, equal to 2.1 percent of cumulative GDP, without accounting for broader macroeconomic benefits such as increased productivity, greater income equality and net job creation through lower operating costs for small- and medium-sized businesses.
"Medicare for All will produce large cost savings for both businesses and households," says co-author Jeannette Wicks-Lim, associate research professor at PERI. "Under our proposal, all businesses that now provide health care coverage for their employees will receive an across-the-board 8 percent cut in premiums. For families, our results show that Medicare for All will promote both lower average costs and greater equity. For example, middle-income families who now purchase private insurance on the individual market would see their health care costs fall by an average of 14 percent under Medicare for All."
"This study is the most comprehensive, detailed, authoritative study ever undertaken of Medicare for All, and it points powerfully and unassailably in support of MFA," said economist and public policy expert Jeffrey Sachs, University Professor at Columbia University, in reviewing the researchers' analysis. "Medicare for All promises a system that is fairer, more efficient, and vastly less expensive than America's bloated, monopolized, over-priced and under-performing private health insurance system. America spends far more on health care and gets far less for its money than any other high-income country. This study explains why, and shows how Medicare for All offers a proven and wholly workable way forward."
In his review of the report, William Hsiao, K.T. Li Professor of Economics at the Harvard University T.H. Chan School of Public Health, said the study "presents an objective, unbiased, comprehensive and thorough economic analysis of Medicare for All. Professor Pollin and his co-authors have set a new high standard for transparency and clarity in presenting their analyses, estimations, and conclusions. The research methods they used to estimate both the cost increases and savings are sound. The assumptions they used to generate cost estimations are based on the latest empirical evidence. Consequently, the conclusions of this study on the overall costs and savings of Medicare for All are reasonable and scientifically sound."
"This stellar economic analysis of a single-payer, universal health care system for the U.S. is the first to sufficiently document each step of the calculations, enabling reproducibility of the findings. It is also the first study that thoroughly addresses the transition to and financing of a universal health care system for the U.S.," said Alison Galvani, director of the Center for Infectious Disease Modeling and Analysis and Burnett and Stender Families' Professor of Epidemiology at Yale University, in her review of the report. "Underlying the analysis is an interdisciplinary evidence base that has been compiled from literature spanning economics, health policy and clinical care both within the US and internationally. The methodology is sound and the assumptions are conservative with regard to their conclusions. Specifically, lower-end figures from the expert literature are used in the calculation of savings, whereas anticipated expenditures are based on the higher end of empirical distributions. Despite stacking the deck against Medicare for All, this analysis convincingly demonstrates the substantial improvements in cost efficiency that could be achieved by Medicare for All. I am confident that the Pollin et al. study will become recognized as the seminal analysis of a single-payer universal health care system for the U.S."
Pollin and Wicks-Lim were joined in crafting the analysis by UMass Amherst colleagues James Heintz, associate director and Andrew Glyn Professor of Economics, Peter Arno, senior fellow and director of health policy research, and Michael Ash, senior research fellow and professor of economics and public policy.
The complete report, "Economic Analysis of Medicare for All:" can be found online here (pdf).
The full set of reviews of the report by economics and health care studies experts can be found here.
"We do not live in a system that is broken. We live in a system that is functioning exactly as it is intended," said Graham Platner, running for US Senate. "We live in a system that has been built by the political class to enrich and support billionaires on the backs of working people."
Sen. Bernie Sanders headlined a Labor Day rally in downtown Portland, Maine on Monday as part of his ongoing "Fighting Oligarchy" tour, where he joined hands in solidarity with the two candidates—Troy Jackson and Graham Platner—both of whom embrace the Vermont independent's democratic socialist message and a critique that argues concentrated wealth and power have corrupted both major political parties at the expense of working people.
Platner, an oysterman from the small coastal town of Sullivan seeking to win the Democratic primary in order to challenge Republican Sen. Susan Collins in 2026, launched his campaign last month by stating flatly that "the oligarchy is the enemy."
During his remarks Monday at the Cross Insurance Arena, Platner brought the crowd of over 6,500 people to their feet multiple times by blasting the ruling class and lamenting the struggle of too many Maine families.
"Politicians have made a series of decisions over the last 40 years that have resulted in the world that we see today. Their choices have left many of us with very little while, very few accrue vast amounts of wealth," he declared. "In 1990, there were less than 100 billionaires in the United States—today there are over 800. I ask you: when you look around, do you see a community and a state that is eight times wealthier than it was in 1990?"
Sanders rally with Graham Platner and Troy Jackson
"Much of the world that we have today is the specific result of policy choices made by establishment politicians. And the shameful truth of all of this is the blame cannot simply be left at the feet of one political party," said Platner. "We have two parties that want the votes of working people, but neither has done anything lately to earn it. No one is owed allegiance. Support must be earned and that will never happen as long as Democrats are part of the same corporate apparatus that the Republicans are."
Platner's bid against Collins, who has held the seat in the US Senate since 1997, is seen by some political observers as a long shot, but Platner was emphatic that voters in Maine are no longer fooled by what he described as her political "charade" in which she postures as a moderate while backing President Donald Trump's far-right, pro-corporate agenda.
"No one cares that you pretend to be remorseful as you sell out to lobbyists," Planter said of Collins. "No one cares while you sell out to corporations and no one cares while you sell out to a president who are all engineering the greatest redistribution of wealth,—from the working class to the ruling class—in American history."
"Symbolic opposition does not reopen hospitals," he continued, referencing the destruction repercussions of Collins' support for the GOP megabill earlier this year that will strip hundreds of billions from Medicaid. "Weak condemnations do not bring back Roe v. Wade. Sellling out the same working class voters who've delivered mandate for change after mandate for change is not forgivable. A performative politics that enables the destruction of our way of life is disqualifying for the role of United States Senator."
Platner drove home his message that the ruling class, both in Maine and nationwide, is at the heart of the struggles and challenged the idea that voters don't understand the term "oligarchy"—something that segments of the Democratic Party establishment have argued as Sanders toured the country this summer with his message.
"I keep getting told that voters don't know what that word means," said Platner. "But from the standing ovation, I assume everybody knows what it means because we know what's happening when we're getting robbed blind. But let's be clear, we do not live in a system that is broken. We live in a system that is functioning exactly as it is intended. We live in a system that has been built by the political class to enrich and support billionaires on the backs of working people."
The state of Maine, he declared amid a standing ovation, "deserves better than Susan Collins and Maine deserves an alternative who is not at risk of being mistaken as being beholden to the same status quo that she is. I am running because it is time for change."
Planter vowed to "beat back fascism," called for defense of democracy, and said people must embrace a notion of freedom that goes beyond a "romantic freedom"—one that recognizes the affordability crisis that makes life so difficult for working people.
What people need, he said, is a "freedom to not be condemned to scraps and to struggle, but to live with the dignity and fulfillment that gives us the society we deserve. Where instead of dreaming of a life where we can get by, we can afford a life that allows us to dream."
Following Platner, Troy Jackson, a seventh-generation logger from northern Maine who turned to politics on a working-class platform and rose to become president of the State Senate, is among those seeking to become the next governor of Maine when Gov. Janet Mills, also a Democrat, leaves office next year.
"I'm running because it's time to put power back in the hands of the people," said Jackson, after recounting his days in the woods, struggling to provide for his family while the wealthy owners of the logging companies grew ever richer and ever greedier.
"I'm running for governor because the American dream of putting down roots and owning a home and being able to provide for your family with a good-paying job is moving way out of reach," said Jackson. "I am running for the people who worked their entire lives and still can't afford to retire because the economic system in this country is rigged against them. And I'm running for all the workers who've been told to do or go home who've been told that they're replaceable and that their lives are disposable."
Like Platner, Jackson railed against the "status quo" and while he credited Democrats in the state for doing many important things over recent years, also admitted the party had fallen "woefully short" on many issues.
During his speech to conclude the rally, Sanders said this year's Labor Day comes at a perilous time in US history, with Trump's authoritarianism coinciding—and not coincidentally—with obscene levels of economic and political inequality.
Sanders said that the hundreds of thousands of people he has now spoken to as part of the "Fighting Oligarchy" tour have made it clear to him that there is a shared set of beliefs that can overturn the assault on democracy and working people that Trump is now leading.
"We have been to 15 states—and now I can say from Maine to California and a lot of states in between. And we've talked to over 300,000 people," said Sanders. "And what I can tell you without any fear of contradiction is the American people do not want an oligarchic form of government."
"They do not want to live under a kleptocracy where a president gets rich by being president and they sure as hell a sick and tired of the ongoing war of the rich against the working class of this country," he continued. "This is an unprecedented and, in fact, dangerous moment in American history and we have got to respond in an unprecedented way. And the way we respond is to build the kind of strong, progressive grassroots movement, the likes of which this country has never seen."
Echoing Platner, Sanders said that simply denouncing and confronting the Republicans will not be enough to turn the tide.
"What we need to do—which the Democratic Party, the leadership does not do—is have a vision of where we want this country to be," said Sanders.
"What I am begging of you is don't think small, think big," he continued, championing Medicare for All, robust support for public education, an end to disastrous US foreign policy—including support for the Israeli assault on Gaza, an expansion of Social Security, and serious efforts to curb rising food costs and the housing crisis that is crushing working people from coast to coast.
"Brothers and sisters, we got to be thinking outside the box in this state. We got to elect Graham and we got to elect Troy and other good people, but they can't do it alone," said Sanders.
The trick of the ruling class, he told the crowd, is "they basically try to say that ordinary people are powerless."
"What they're saying is they have all the money, they have all of the power, you got nothing. And they can do anything they want and you can't stop them," Sanders continued. "Well, I think we've got some news for them. Not only can we stop them, not only will we stop them, but for the future of this country and in fact the world, we must, must stop them today."
"On Labor Day—when we thank the unions for all they have done for the working class of this country—we understand and remember what a union is," he concluded. "A union is the understanding that one person cannot do it alone. That we all have got to come together to fight with and for each other. And what the union movement is about is solidarity forever."
"Workers are fighting for a society where public schools take precedence over private profits, healthcare is prioritized over hedge funds, and affordable housing is valued more than homelessness," said May Day Strong.
This is a developing story... Please check back for possible updates.
Americans turned out across the United States on Monday for more than 1,000 demonstrations against President Donald Trump and other oligarchs "to reclaim worker power against billionaires who hoard unprecedented wealth and power."
The "Workers Over Billionaires" protests are being led by the May Day Strong Coalition, which is made up of dozens of organizations including the AFL-CIO, American Federation of Teachers, National Union of Healthcare Workers, and advocacy groups like Americans for Tax Fairness, Indivisible, Our Revolution, and Public Citizen.
Demonstrations took place or are set to happen in big cities, small towns, and communities in between all across the nation. Sen. Bernie Sanders (I-Vt.) and Rep. Ro Khanna (D-Calif.) spoke at a rally in Concord, New Hampshire, where Sanders—whose "Fight Oligarchy Tour" has been drawing huge crowds across the country—vowed that "together, we will create an economy and government that work for all, not just the 1%."
Khanna said that "today on Labor Day, we must recognize the workers across the country who build our economy and strengthen our nation. We need to fight for a living wage and stronger unions as we work to reindustrialize America."
Sanders took his Fighting Oligarchy Tour to Portland, Maine on Monday, where he was joined by guests including Graham Platner, an oyster farmer who is running to unseat five-term Republican US Sen. Susan Collins.
In a video posted on the social media site Bluesky before the rally, Platner said he "could not think of a better day to be a pro-labor candidate."
"Organized labor is the basis of the movement that we are going to have to build to retake this country for working people," Platner added.
May Day Strong said Monday's mobilizations aim "to build collective action against billionaires taking over the US government."
"Building upon momentum from May Day, Good Trouble Lives On, No Kings, and key impromptu actions in the streets and the workplace, Workers Over Billionaires will reach communities nationwide, tapping rural and city workers to stop the billionaire agenda that continues to burden everyone," the coalition said. "As the federal government continues to enable the ultrarich, working people are stepping onto pavement to stop their greed and protect their families."
"Working families want to live in a country that puts workers over billionaires," the coalition added. "Workers are fighting for a society where public schools take precedence over private profits, healthcare is prioritized over hedge funds, and affordable housing is valued more than homelessness."
In New York, actions included a rally outside Trump Tower in Manhattan, where demonstrators demanded a $30 an hour minimum wage. Members of groups including One Fair Wage (OFW) staged a "Restaurant in the Street" demonstration "designed to highlight the struggle of working people and launch the New York Living Wage for All campaign."
"The action coincides with the release of a new OFW report, Making America Affordable Now: The Case for a Living Wage for All, which finds that nearly half of US workers—67 million people—earn less than $25 an hour," One Fair Wage said. "In New York, 41% of workers fall below that threshold."
OFW said that the demand for a living wage is the "next generation of the Fight for $15," warning that "past wage gains have been erased by historic inflation, skyrocketing rents, and cuts to Medicaid and SNAP," the federal Supplemental Nutrition Assistance Program.
"It also highlights how gimmicks like Trump's 'No Tax on Tips' proposal do little to address workers' needs, since two-thirds of tipped workers earn too little to benefit," OFW added.
In Chicago, at least hundreds of people from dozens of groups including the Chicago Teachers Union, Teamsters, and healthcare and hospitality workers rallied against Trump's Project 2025-inspired evisceration of federal agencies and the social safety net.
Chicago Mayor Brandon Johnson denounced Trump's threat to send federal forces into the Windy City in a similar occupation to the one underway in Washington, DC, leading chants of "No troops in Chicago! No troops in Chicago! Invest in Chicago!"
American Federation of Teachers president Randi Weingarten told Chicago protesters that "what has happened in this country is that the billionaires don't understand this country was created in protest and resistance to fight off a king, not to recreate a king."
Chicago protester Mark Petersen told NBC Chicago: "I think solidarity among workers is probably the most important thing we can do right now. We're looking at our country get disassembled from the top down, and the best thing we can do is unite from the bottom up."
Hotel workers at the Hilton Americas-Houston downtown went on strike before dawn Monday, demanding a $23 hourly minimum wage. They kicked off their planned nine-day strike with a protest at 6:00 am, during which workers chanted, "Aquí estamos, y no nos vamos"—"We are here, and we won't leave."
"The workers are feeling this need urgently," Franchesca Caraballo, president of Unite Here Local 23's Texas chapter. "We have to take it up several notches here to turn up the pressure on this company."
In Indianapolis, marchers chanted, "No fascists, support unions, support workers."
AFL-CIO president Liz Shuler said ahead of the protests: "Every single thing working people have won for ourselves in this country's history—it's not because we asked those in power. It's not because they were handed to us. It's because we fought for them relentlessly."
Saqib Bhatti, executive director of Action Center on Race and the Economy (ACRE), told USA Today that "it's important to show that there is opposition to the Trump-billionaire agenda in every community, big and small; it's not just cities that are united against what's happening... it's all towns, it's small towns that voted overwhelmingly for Trump."
Monday also saw the launch of the Department of Class Solidarity (DOCS), "a permanent national war room tracking nearly 1,000 US billionaires, their wealth, corporate holdings, and political contributions."
"This Labor Day weekend, we are not resting," DOCS said on social media. "The oligarchs are snatching away our healthcare, our livelihoods, and our rights. Now is the time to act."
DOCS and allied groups rallied for a "Hamptons Billionaire Shutdown" on Long Island.
🔥 March on Billionaires Lane in the Hamptons — one of the densest concentrations of billionaires in the world.Oligarchs are hiding in their mansions as they bankroll attacks on us with fortunes they plundered from us.The working class is rising. ✊ #PeopleOverBillionaires #FightOligarchy
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— Our Revolution (@our-revolution.bsky.social) September 1, 2025 at 1:33 PM
"The Hamptons is where right-wing billionaires like Bill Ackman and Dan Loeb plot and plan in their hundred-million-dollar mansions, ensconced from the workers they exploit," DOCS said. "Time to give them a taste of their own medicine."
Under the proposal, the US would take control after "voluntary" relocation of Palestinians from the strip, where proposed projects include an Elon Musk Smart Manufacturing Zone and Gaza Trump Riviera & Islands.
The White House is "circulating" a plan to transform a substantially depopulated Gaza into US President Donald Trump's vision of a high-tech "Riviera of the Middle East" brimming with private investment and replete with artificial intelligence-powered "smart cities."
That's according a 38-page prospectus for a proposed Gaza Reconstitution, Economic Acceleration, and Transformation (GREAT) Trust obtained by The Washington Post and published in a report on Sunday. Parts of the proposal were previously reported by the Financial Times.
"Gaza can transform into a Mediterranean hub for manufacturing, trade, data, and tourism, benefiting from its strategic location, access to markets... resources, and a young workforce all supported by Israeli tech and [Gulf Cooperation Council] investments," the prospectus states.
However, to journalist Hala Jaber, the plan amounts to "genocide packaged as real estate."
Here comes the Gaza Network State.A plan to turn Gaza into a privately-developed “gleaming tourism resort and high-tech manufacturing and technology hub” with “AI-powered smart cities” and “Trump Riviera” resortgift link:wapo.st/4g2eATo
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— Gil Durán (@gilduran.com) August 31, 2025 at 10:18 AM
The GREAT Trust was drafted by some of the same Israelis behind the controversial Gaza Humanitarian Foundation (GHF), whose aid distribution points in Gaza have been the sites of deliberate massacres and other incidents in which thousands of aid-seeking Palestinians have been killed or wounded.
According to the Post, financial modeling for the GREAT Trust proposal "was done by a team working at the time for the Boston Consulting Group"—which played a key role in creating GHF. BCG told the Post that the firm did not approve work on the trust plan, and that two senior partners who led the financial modeling were subsequently terminated.
The GREAT Trust envisions "a US-led multirlateral custodianship" lasting a decade or longer and leading to "a reformed Palestinian self-governance after Gaza is "demilitarized and de-radicalized."
Josh Paul—a former US State Department official who resigned in October 2023 over the Biden administration's decision to sell more arms to Israel as it waged a war on Gaza increasingly viewed by experts as genocidal—told Democracy Now! last week that Trump's plan for Gaza is "essentially a new form of colonialism, a transition from Israeli colonialism to corporate" colonialism.
The GREAT Trust contains two proposals for Gaza's more than 2 million Palestinians. Under one plan, approximately 75% of Gaza's population would remain in the strip during its transformation. The second proposal involves up to 500,000 Gazans relocating to third countries, 75% of them permanently.
The prospectus does not say how many Palestinians would leave Gaza under the relocation option. Those who choose to permanently relocate to other unspecified countries would each receive $5,000 plus four years of subsidized rent and subsidized food for a year.
The GREAT Trust allocates $6 billion for temporary housing for Palestinians who remain in Gaza and $5 billion for those who relocate.
The proposal projects huge profits for investors—nearly four times the return on investment and annual revenue of $4.5 billion within a decade. The project would be a boon for companies ranging from builders including Saudi bin Laden Group, infrastructure specialists like IKEA, the mercenary firm Academi (formerly Blackwater), US military contractor CACI—which last year was found liable for torturing Iraqis at the notorious Abu Ghraib prison—electric vehicle manufacturer Tesla, tech firms such as Amazon, and hoteliers Mandarin Oriental and IHG Hotels and Resorts.
Central to the plan are 10 "megaprojects," including half a dozen "smart cities," a regional logistics hub to be build over the ruins of the southern city of Rafah, a central highway named after Saudi Crown Prime Mohammed bin Salman—Saudi Arabia and other wealthy Gulf states feature prominently in the proposal as investors—large-scale solar and desalinization plants, a US data safe haven, an "Elon Musk Smart Manufacturing Zone," and "Gaza Trump Riviera & Islands" similar to the Palm Islands in Dubai.
In addition to "massive" financial gains for private US investors, the GREAT Trust lists strategic benefits for the United States that would enable it to "strengthen" its "hold in the east Mediterranean and secure US industry access to $1.3 trillion of rare-earth minerals from the Gulf."
Earlier this year, Trump said the US would "take over" Gaza, American real estate developers would "level it out" and build the "Riviera of the Middle East" atop its ruins after Palestinians—"all of them"—leave Palestine's coastal exclave. The president called for the "voluntary" transfer of Gazans to Egypt and Jordan, both of whose leaders vehemently rejected the plan.
"Voluntary emigration" is widely considered a euphemism for ethnic cleansing, given Palestinians' general unwillingness to leave their homeland.
According to a May survey by the Palestinian Center for Policy and Survey Research, nearly half of Gazans expressed a willingness to apply for Israeli assistance to relocate to other countries. However, many Gazans say they would never leave the strip, where most inhabitants are descendants of survivors of the Nakba, the ethnic cleansing of more than 750,000 Palestinians during the creation of Israel in 1948. Some are actual Nakba survivors.
"I'm staying in a partially destroyed house in Khan Younis now," one Gazan man told the Post. "But we could renovate. I refuse to be made to go to another country, Muslim or not. This is my homeland."
The Post report follows a meeting last Wednesday at the White House, where Trump, senior administration officials, and invited guests including former UK Prime Minister Tony Blair, investor and real estate developer Jared Kushner—who is also the president's son-in-law—and Israeli Minister of Strategic Affairs Ron Dermer discussed Gaza's future.
While Dermer reportedly claimed that Israel does not seek to permanently occupy Gaza, Israeli leaders including Prime Minister Benjamin Netanyahu—who is wanted by the International Criminal Court for alleged crimes against humanity and war crimes including murder and forced starvation in Gaza—have said they will conquer the entire strip and keep at least large parts of it.
"We conquer, cleanse, and stay until Hamas is destroyed," Israeli Finance Minister Bezalel Smotrich recently said. "On the way, we annihilate everything that still remains."
The Israel Knesset also recently hosted a conference called "The Gaza Riviera–from vision to reality" where participants openly discussed the occupation and ethnic cleansing of the strip.
The publication of the GREAT Trust comes as Israeli forces push deeper into Gaza City amid a growing engineered famine that has killed at least hundreds of Palestinians and is starving hundreds of thousands of more. Israel's 696-day assault and siege on Gaza has left at least 233,200 Palestinians dead, wounded, or missing, according to the Gaza Health Ministry—whose casualty figures are seen as a likely undercount by experts.