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Report: “Medicare for All” will Cost $32 Trillion

Report: “Medicare for All” will Cost $32 Trillion
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Progressive Democrats’ bright idea to give everyone free healthcare will cost the government $720 billion during its first year and $32 trillion over 10 years, found a study conducted by the Urban Institute and Commonwealth Fund.

During its first year, the single-payer health insurance program favored by Bernie Sanders and Elizabeth Warren would increase federal spending by $2.8 trillion, save states $260 billion, save employers $955 billion, save households $886 billion, and reduce the number of uninsured to zero.

The big question is whether these savings would balance out the higher taxes necessary to pay for the plan.

“Costs will go up for the wealthy, they will go up for big corporations, and for middle class families they will go down,” said Warren during Tuesday’s debate when pressed for honesty about the taxes required to pay for Medicare for All. “I will not sign a bill into law that does not lower costs for middle class families.”

The study also examined the sort of scaled-back healthcare plan favored by Joe Biden and Pete Buttigieg: a plan that would allow people to choose private insurance companies or government plans.

This sort of plan would cost $1.3 trillion over the next 10 years and reduce the number of uninsured Americans from 32.2 million to 6.6 million, with most uninsured being illegal immigrants.

Author’s Note: Keep in mind these estimates are conservative, as socialist healthcare programs would eliminate competition and drive prices higher.

Editor’s Note: What a surprise – another socialist who can’t do basic math.

 

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The Opposite of Obamacare: How a free enterprise philosophy would dramatically reduce health care prices – Paperback $13.95

 

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3 Comments

  1. Kurt Walker

    ONly 32 trillion $$$. So what’s the problem? Liz and Bernie have a plan.

    Reply
    • Rich

      America’s economy is roughly 70% driven by consumer spending.

      When consumers have no, or very little, money to spend on consumables our economy will stop, unemployment will mushroom, tax receipts to the government will decrease and disaster will follow.

      The Clown-Show-Winner is dependent on which one can give away the most Freebies. If Demented-Dems win the General Election it’s all over for America.

      Reply
  2. Ernie Lane

    Remember, that’s _their_ estimate. I would almost guarantee it $64 trillion or more. Use the massive cost overrun on California High-Speed Rail as a guide.

    Reply

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