The Cost of Medicare -for-all EXPOSED
Article from Fox News by Jennifer Earl.
The government-funded health care system — strongly opposed by President Trump and fellow Republicans — would expand benefits beyond what is already offered under former President Barack Obama’s Affordable Care Act. The legislation was first introduced in 2016 by Sanders, who said it would be another step toward achieving universal health care.
Several independent studies have estimated that government spending on health care would increase dramatically, in the range of about $25 trillion to $35 trillion or more over a 10-year period. Specifically, a study released over the summer by the Mercatus Center at George Mason University estimated it would cost $32.6 trillion over 10 years.
Analysis by The New York Times in 2017 showed at least 74 million Americans who currently benefit from Medicaid would potentially face higher taxes under “Medicare for All.”
“The average of what people would pay when you take into account taxes, premiums and out-of-pocket costs would go down,” Larry Levitt, senior vice president for health reform at the Kaiser Family Foundation, told CNBC in August. “Generally, lower-income people would end up paying less for health care. But higher-income people would pay a whole lot more. It depends a lot on which taxes end up getting increased in order to pay for the new plan.”
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