They’re all socialists now: 120 House Democrats have co-sponsored Bernie’s ‘Medicare for All’
By Dan Calabrese —— Bio and Archives--October 12, 2018
They’re all socialists now: 120 House Democrats have co-sponsored Bernie’s ‘Medicare for All’
I’m not sure why Washington always wants to talk about the cost of everything “over 10 years.†Let’s talk in terms of one year.
The entire federal budget is just about $4 trillion a year. Is that too high? Yeah. Way too high. But that’s where we are. The proposed “Medicare for All†bill that’s been sponsored by the likes of Bernie Sanders, Elizabeth Warren, Cory Booker and Kamala Harris is projected to cost $32.6 trillion “over 10 years,†so let’s just spread the average across the decade evenly and call it $3.26 trillion a year.
That’s 80 percent of the entire current federal budget. How much money is that? It’s so much that one estimate shows you could double all existing corporate and individual income taxes and it wouldn’t be enough to cover it. Among other things, “Medicare for All†would eliminate employer-sponsored health insurance. It would also eliminate the current element of the Medicare model that requires a premium to be paid by beneficiaries. Everything would be paid for by taxes, and your care would be “freeâ€. That probably sound pretty good until you realize a couple of things:
https://canadafreepress.com/article/theyre-all-socialists-now-120-house-democrats-have-co-sponsored-bernies-med
