New Study Says ‘Medicare For all’ Would Cost Over $32 Trillion
National News
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According to a new study, Sen. Bernie Sanders’ so-called “Medicare for all” plan would boost government health spending by $32.6 trillion over 10 years.
That’s trillion with a “T.”
AP reports the study released today by the Mercatus Center at George Mason University in Virginia, said the huge price tag would require historic tax hikes.
It said even doubling federal individual and corporate income tax receipts would still not cover the full cost.
The analysis found that Sander’s latest plan would deliver significant savings on administration and drug costs, but increased demand for care would drive up spending.
Sanders called the study “misleading,” and claimed it is biased as the Mercatus Center receives funding from the conservative Koch brothers.
Corrie O'Connor
