The Real Cost of Medicare for All is in Lives, Not Dollars
08/02/2018Tho Bishop
A recently released study by the Mercatus Center has placed renewed focus on the fiscal costs of Medicare for All. The study finds that the proposal — increasingly popular with the Democratic Party — would “add approximately $32.6 trillion to federal budget commitments during the first 10 years of its implementation (2022–2031).†The authors of the study also specify that this is a conservative estimate, assuming that “the legislation achieves its sponsors’ goals of dramatically reducing payments to health providers, in addition to substantially reducing drug prices and administrative costs.â€
Though this study suggests that Federal tax dollars would have to more than double in order to afford this new entitlement, advocates like Bernie Sanders are claiming this study vindicates their position. Why?
https://mises.org/wire/real-cost-medicare-all-lives-not-dollars
