Think tank estimates "Medicare for All" at $32 trillion over decade. Others challenge the projection. Worth scanning these two stories because they begin to define the costs and the potential sources of funding for expanding public health insurance. - Sanders DiPiero
A bill from Sen. Bernie Sanders, I-Vt., to expand Medicare to all Americans would cost the federal government $32.6 trillion over the next decade, a new study finds.
The study released Monday from the Mercatus Center think tank at George Mason University, comes as progressive Democrats are making “Medicare for all” a top issue in their campaigns ahead of the 2018 midterms.
Mercatus, which is known for having a conservative lean, looks at the bill that Sanders released back in September 2017 to convert Medicare into a government-run, socialized healthcare system for all ages. Sanders' bill would eliminate employer-provided insurance and have health insurance covered for everyone by the federal government.
Mercatus looked at the cost of running such a program over the next decade and found that "Medicare for all" would add $32.6 trillion in federal budget commitments over that time period.
KOCH-BACKED THINK TANK FINDS THAT “MEDICARE FOR ALL” WOULD CUT HEALTH CARE SPENDING AND RAISE WAGES. WHOOPS.
A NEW STUDY from the Mercatus Center at George Mason University is making headlines for projecting that Independent Vermont Sen. Bernie Sanders’s “Medicare for All” bill is estimated to cost $32.6 trillion — a number that’s entirely in line with 2016 projections, and is literally old news. But what the Associated Press headline fails to announce is a much more sanguine update: The report, by Senior Research Strategist Charles Blahous, found that under Sanders’s plan, overall health costs would go down, and wages would go up.
The study, which came out of the Koch-funded research center, was initially provided to the AP with a cost estimate that exceeded previous ones by an incredible $3 trillion — a massive error that was found and corrected by Sanders’s staff when approached by AP for comment.