'Medicare for all' bill estimated in the trillions

Bernie Sander’s ‘Medicare For All’ Would Cost $32.6 Trillion, Study Projects

America Can Get Ocasio-Cortez’s and Bernie's ‘Medicare for All’ Plan for the Low Price of $32 Trillion

"Let me thank the Koch brothers, of all people, for sponsoring a study that shows that Medicare for All would save the American people $2 trillion dollars", Sanders said.

These changes would lead the USA government to control virtually all health spending in the United States - Sanders' plan would also cover dental care and vision care - in what may be the biggest increase in federal expenditures in history, according to Blahous. In fact, a study of Sanders' 2016 plan by the left-leaning Urban Institute found that it would also cost the federal government $32 trillion over a decade.

"Enacting something like "Medicare for all" would be a transformative change in the size of the federal government", according to analysis author Charles Blahous.

While the Koch brothers themselves did not author the report, Koch Industries CEO Charles Koch sits on the board of the Mercatus Center.

But Sanders is right that the study concludes that his plan would reduce overall spending on health care in the United States. "This grossly misleading and biased report is the Koch brothers response to the growing support in our country for a "Medicare for all" program".

He said they'll need to convince the public that even though taxes will likely rise, nobody will have to pay premiums or out-of pocket costs. "Bernie Sanders' Medicare for All Act projects outlandish increases in the utilization of medical care, ignores vast savings under single-payer reform, and fails to even mention the extensive and well-documented evidence on single-payer systems in other nations-which all spend far less per person on health care than we do", Himmelstein and Woolhandler said.

And, they say, putting all Americans on one insurer would create a large-enough pool to force private health-care providers to charge less, while eliminating private insurers' spending on marketing and administrative overhead that do not improve health outcomes.

UConn professor explains 3D printers after gun blueprints blocked
Twenty-three Democratic senators later introduced a bill created to block the publication of 3D printable firearm blueprints. Cuomo issued a cease-and-desist letter to Defense Distributed to block the distribution of designs for 3D guns in NY .

The aforementioned estimates assume that the legislation meets its goals of reducing payments to health providers and reducing both drug prices and administrative costs. That number would drop to $7.35 trillion if Sanders' plan were implemented, the study found.

"I don't look at this report and say it is a partisan hack job: The basic idea the Sanders plan would require a substantial increase in federal budget outlays is correct", Pollack said. Looking ahead to the 2020 election, Democrats are debating whether single-payer should be a "litmus test" for national candidates. It also banks on saving trillions by streamlining administration.

The Mercatus study also takes issue with a key cost-saving feature of the plan - that hospitals and doctors will accept payment based on lower Medicare rates for all their patients.

But other provisions would tend to drive up spending, including coverage for almost 30 million uninsured people, no deductibles or copays, and improved benefits, including dental, vision, and hearing.

But Graboyes warned that, according to the report, even doubling all now projected federal individual and corporate income tax collections would be "insufficient" to finance the costs of Medicare-for-All. He assumes administrative costs will only drop from 13 percent to 6 percent for those now privately insured.

The Mercatus Centre also projected the plan would garner savings, like from lower prescription costs by $846bn by 2031. In that case, the US would spend about $400 billion more in 2031. "A Medicare for All health care system would save the average family significant sums of money", Mr Sanders said.

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