Bernie Sanders’ ‘Medicare for All’ Plan Would Cost $32 Trillion and More Than Double Taxes

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According to a study by Dr. Charles Blahous, senior research strategist at the Mercatus Center senior and former trustee for Social Security and Medicare, the ‘Medicare for All program proposed by Bernie Sanders would cost $32.6 trillion over the course of ten years.  The cost is so high that even doubling all federal individual and corporate income tax collections would fall short of fully funding the plan. [The ignorant clamor for it, anyway, thinking that, somehow, they will escape paying ‘their fair share’. They also think they actually will receive good medical care. Ignorance contains it’s own punishment.] -GEG

A “Medicare for all” proposal would cost the federal government more than $32 trillion over the course of ten years. That’s according to a new study by Charles Blahous, Mercatus Center senior research strategist and former public trustee for Social Security and Medicare.

Dr. Blahous analyzed the “Medicare for All Act” (M4A), legislation introduced by Senator Bernie Sanders (I-VT) last September, in an effort to determine how much such a proposal would cost the federal government.

Here are the numbers:

  • M4A total cost over its first ten years: $32.6 trillion
  • Federal spending on healthcare by 2031: 12.7 percent of all economic activity in the United States

Other studies aimed at estimating the cost of providing Medicare-like coverage to all Americans had similar findings.

  • A 2016 Center for Health and Economy (CHE) study of the same proposal estimated more than $27 trillion more in federal budget deficits

Read full article here…

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