Article by Bryan Howard
July 30, 2018
According to a study by George Mason University in the Mercatus center in Virginia, Socialist Sen. Bernie Sanders’ “Medicare for all” plan would increase government health care spending by $32.6 trillion over 10 years.
Yes, you read correct “Trillion” was not a mistake on how much it would cost for Bernie Sanders proposal. George Mason University released the study of Bernie’s Medicare for all plan on Monday. They did say the proposed bill would lessen the coast of drugs but would increase drastically the cost of medical care.
In the “Medicare for all” bill every person would be covered by Medicare in the United States.
“Enacting something like `Medicare for all’ would be a transformative change in the size of the federal government,” said Charles Blahous, the study’s author.
When the Socialist Bernie Sanders heard about the study he said it was a study paid by the Koch brothers. This is the norm today for the Left to make up a conspiracy theory if they don’t agree with facts.
“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,” Sanders said in a statement. “This grossly misleading and biased report is the Koch brothers response to the growing support in our country for a `Medicare for all’ program.”
Sanders’ office has not done a cost analysis, a spokesman said. However, the Mercatus estimates are within the range of other cost projections for Sanders’ 2016 plan.
The Mercatus analysis estimated the 10-year cost of “Medicare for all” from 2022 to 2031, after an initial phase-in. Its findings are like those of several independent studies of Sanders’ 2016 plan. Those studies found increases in federal spending over 10 years that ranged from $24.7 trillion to $34.7 trillion.
Kenneth Thorpe is a Health Policy Professor at Emory University in Atlata and he made his views on the study.
“It’s showing that if you are going to go in this direction, it’s going to cost the federal government $2.5 trillion to $3 trillion a year in terms of spending,” said Thorpe. “Even though people don’t pay premiums, the tax increases are going to be enormous. There are going to be a lot of people who’ll pay more in taxes than they save on premiums.” Thorpe was a senior health policy adviser in the Clinton administration.
The Study found that the Prescription drugs cost on Americans would drop $846 billion over ten years but increase in Medical care by 32.6 Trillion over ten years. Which means Bernie Sanders bill would destroy America because he doesn’t understand basic math.
After considering current government health care financing, the study estimated that doubling all federal individual and corporate income taxes would not fully cover the additional costs.