July 30, 2018
...AND CHEAPER...:
Think Tank: Medicare For All Has $32-Trillion Federal Price Tag (Charles Fain Lehman, July 30, 2018, free Beacon)
The paper, authored by Mercatus scholar Charles Blahous, assesses the fiscal impact of Sen. Bernie Sanders's (I., Vt.) Medicare for All Act. The proposal, which would see the rollout of Medicare coverage to all Americans regardless of age, was a hallmark of Sanders's run for the Democratic presidential nomination in 2016. [...]This enormous price tag is actually marginally less than current projected national health expenditures over the same period of time. The paper finds that under ideal conditions, national health expenditures (NHEs) would be about $90 billion less in 2022 under the Medicare for All plan, thanks in large part to a drop in administrative costs and a slight fall off in personal health spending.
Posted by Orrin Judd at July 30, 2018 4:17 PM