Why don't the estimates for Medicare for All include induced utilzation?
The estimates for M4A that are boasted about mainly include assumptions regarding a significant reduction in admin spending. This reduction results in a savings of around $20T over ten years.
Why don't these estimates also include assumptions related to induced utilization, i.e. the change in policyholder behavior over the change in richness of benefits?
From my estimation, when accounting for IU, Medicare for All would be significantly more expensive than our current system, upwards of 3x.