TAX AVOIDANCE

$300 B annually   Tax avoidance by individuals  – Cayman Islands

$37 B annually    Fossil Fuel subsidies    Military budget to guard oil resources

 

$70B annually for free 4 year college

$1 T annually, Single Payer,  but with immediate savings of $592B (Admin 476B, competitive drug prices 116B)

Admin costs 2% for Medicare; Private admin cost 5%, but advertising and profits raise the cost to 17%

h.], the U.S. could save an estimated $592 billion annually by slashing the administrative waste associated with the private insurance industry ($476 billion) and reducing pharmaceutical prices to European levels ($116 billion). In 2014, the savings would be en

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