The Possible Price Tag For ‘Medicare For All’: $32.6 Trillion Over 10 Years
A libertarian-leaning policy center ran the numbers for the plan that is gaining momentum with liberal candidates stumping for midterms. Sen. Bernie Sanders (I-Vt.) fired back that the report was grossly misleading. "If every major country on earth can guarantee health care to all, and achieve better health outcomes, while spending substantially less per capita than we do, it is absurd for anyone to suggest that the United States cannot do the same," he said.
The Associated Press:
Study: 'Medicare For All' Bill Estimated At $32.6 Trillion
Sen. Bernie Sanders' "Medicare for all" plan would increase government health care spending by $32.6 trillion over 10 years, according to a study by a university-based libertarian policy center. That's trillion with a "T." The latest plan from the Vermont independent would require historic tax increases as government replaces what employers and consumers now pay for health care, according to the analysis being released Monday by the Mercatus Center at George Mason University in Virginia. It would deliver significant savings on administration and drug costs, but increased demand for care would drive up spending, the analysis found. (Alonso-Zaldivar, 7/30)