REPORT: Bernie’s Medicare For All Comes With $32.6-Trillion Price Tag REPORT: Bernie’s Medicare For All Comes With $32.6-Trillion Price Tag – NTK Network

REPORT: Bernie’s Medicare For All Comes With $32.6-Trillion Price Tag

The free health care plan’s massive price tag covers just the first 10 years, according to a new study.

By NTK Staff | 07.30.2018 @9:15am
REPORT: Bernie’s Medicare For All Comes With $32.6-Trillion Price Tag

When advocating for his free health care program known as Medicare For All, Sen. Bernie Sanders (I-VT) rarely focuses on the costs of such a program or how he plans to pay for it.

That’s where the Mercatus Center at George Mason University stepped in. According to an analysis conducted by the Virginia-based group, Sanders’ Medicare For All would cost $32.6 trillion over 10 years.

The Associated Press has more:

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.

Sanders’ plan builds on Medicare, the popular insurance program for seniors. All U.S. residents would be covered with no copays and deductibles for medical services. The insurance industry would be relegated to a minor role.

While the news puts pressure on Sanders to explain how he would pay for such a massive program, he’s not the only candidate who should be facing scrutiny. From upstart socialist Alexandria Ocasio-Cortez to DNC Vice Chair Rep. Keith Ellison (D-MN), Democrats across the country are tied to this boondoggle.

That support could prove hard to explain to voters come November. If Republicans decide to make an issue of this plan’s astronomical costs, Democrats could be hard-pressed to come up with an acceptable justification.

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