Bernie Sanders (I-VT) pointed out in a video for Twitter, a study by the Mercatus Center - which is "significantly funded" by the Koch Brothers - found that, in a ten-year period, Medicare for All would save Americans $2 trillion.
US government health care spending would rise by $32.6 trillion over 10 years under the "Medicare for all" plan proposed by Sen. In fact, a study of Sanders' 2016 plan by the left-leaning Urban Institute found that it would also cost the federal government $32 trillion over a decade.
"You can save money and cover everyone, but it would be a big shift from private payers to the public, and a $32 trillion increase in taxes is going to be scary", Levitt said, adding that Medicare for all supporters have a tough task ahead of them.
As Common Dreams reported, Medicare for All is also gaining steam on Capitol Hill, with more than 70 House Democrats joining the newly formed Medicare for All Caucus, which will devote significant energy and resources to studying what it would take to implement a single-payer system in the US and guarantee healthcare to all Americans as a right.More news: Browsing on Google Chrome Can Now Be Experienced in Virtual Reality
Sanders' plan builds on Medicare, the popular insurance program for seniors.
Graboyes declined to comment on how Sanders was interpreting the Mercatus Center report but said he has "high respect for senators across the board".
As Sanders said Monday in response to the Mercatus study, "If every major country on Earth can guarantee healthcare to all, and achieve better health outcomes, while spending substantially less per capita than we do, it is absurd for anyone to suggest that the United States cannot do the same".
The long-time advocate for a single-payer system was not exactly singing the praises of the Mercatus study, which he dismissed as a "grossly misleading and biased" attempt by the Koch brothers to counter "growing support in our country for a "Medicare for All" program". With Republicans in charge of Congress and the White House, it has little chance. And for Business Insider, Bob Bryan wrote that "while the price tag for the federal government would increase, the total cost of healthcare would go down while also providing healthcare to more than 30 million uninsured Americans". But this is more of an accounting thing than anything else: rather than paying premiums, deductibles, and co-pays for health care, people will instead pay a tax that is, on average, a bit less than they now pay into the health care system and, for those on lower incomes, a lot less. Thorpe was a senior health policy adviser in the Clinton administration.More news: Jose Mourinho tips Maurizio Sarri to impress at Chelsea
The Mercatus study also takes issue with a key cost-saving feature of the plan - that hospitals and doctors will accept payment based on lower Medicare rates for all their patients. All those people seeing doctors and going to the hospital will drive up health spending over the years, but the legislation is created to offset those costs through lower provider payment rates, drug savings and administrative cost savings.
But other provisions would tend to drive up spending, including coverage for almost 30 million uninsured people, no deductibles and copays, and improved benefits, including dental, vision and hearing. Blahous starts with current projections about how much the country will spend on health care between 2022 and 2031.
Costs have been a stumbling block for state efforts to enact a single-payer system, including in Sanders own state of Vermont.More news: Dixons Carphone says 10 million customer records were hacked during data breach