An analysis has been done on Bernie Sanders’ “Medicare for all” proposal, aka “single-payer” health insurance. However, it looks like that single-payer would drown in red ink before getting very far:
Study: 'Medicare for all' bill estimated at $32.6 trillion https://t.co/F3YXckTcUA pic.twitter.com/LedLf8FtFD
— Boston Herald (@bostonherald) July 30, 2018
"Medicare for all" bill estimated at $32.6 trillion over 10 years, study says https://t.co/wBJ7M0MwOH pic.twitter.com/Klee4Jg8pP
— Bloomberg (@business) July 30, 2018
Hey, you can’t make a utopia omelet without breaking a few trillion eggs.
For perspective, the entire federal budget is $4 trillion, revenues are $3.3 trillion. Bernie’s fantasy Medicare for All plan would consume close to 100% of federal revenue. https://t.co/B2XntFqRFh
— Drew Cline (@DrewHampshire) July 30, 2018
Attn: @SenSanders and @Ocasio2018:
Where, exactly, are you going to get the money to pay for this?
Show your work. https://t.co/aZLJvUncnr
— Doug Mataconis (@dmataconis) July 30, 2018
Great question! Where will they get the money? Even though Team Bernie has disputed the report’s conclusion, they actually haven’t looked into it themselves (or have and don’t want anybody to know what it’ll really cost):
Best part about AP Report on cost of Bernie Sanders Medicare For All planhttps://t.co/lPgoHiN6mV pic.twitter.com/LZyADla6ZF
— Stephen Miller (@redsteeze) July 30, 2018
Well isn’t this special:
Sen. Bernie Sanders’ “Medicare for all” plan would increase government health care spending by $32.6 trillion over 10 years, according to a study by a university-based libertarian policy center.
[…]
Responding to the study, Sanders took aim at the Mercatus Center, which receives funding from the conservative Koch brothers. Koch Industries CEO Charles Koch is on the center’s board.
[…]
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.
So they’re disputing a cost analysis of their proposal they haven’t analyzed?
“That estimate is rigged by the Koch Brothers.”
“Okay where is yours?”
“We haven’t done one.”
— Stephen Miller (@redsteeze) July 30, 2018
And that’s why Bernie, who appears on Sunday shows every single week, is never asked once about these things.
— Stephen Miller (@redsteeze) July 30, 2018
Bingo.
The combined net worth of all US billionaires is $2.7 trillion.
That means if you were to tax billionaires at 100% AND send in agents to forcibly seize and liquidate all their property assets, you couldn't even fund it for one year. https://t.co/HzkvQAEf2D
— Donny Ferguson ? (@DonnyFerguson) July 30, 2018
And it’s no wonder people like Sanders and Ocasio-Cortez aren’t eager to delve into the details:
I thought this was the best part. pic.twitter.com/90rnXIkR1k
— Michael (@MachScholar) July 30, 2018
Maybe the Dems should run on doubling everybody’s taxes. That should help the “blue wave”!
However…
A very smart person told me "we'll figure it out". https://t.co/phFcD2v7N8
— BT (@back_ttys) July 30, 2018
Fact check: TRUE.
