According to a new study Bernie Sanders healthcare plan is beyond a mess.
Sen. Bernie Sanders’ “Medicare for all” plan would increase government health care spending by $32.6 trillion over 10 years, according to a study by a university-based libertarian policy center.
That’s trillion with a “T.”
The latest plan from the Vermont independent would require historic tax increases as government replaces what employers and consumers now pay for health care, according to the analysis being released Monday by the Mercatus Center at George Mason University in Virginia. It would deliver significant savings on administration and drug costs, but increased demand for care would drive up spending, the analysis found.
It also points out that doubling all current federal tax brackets and corporate tax wouldn’t pay for it either.
After taking into account current government health care financing, the study estimated that doubling all federal individual and corporate income taxes would not fully cover the additional costs.
Sanders who is yet to have done a cost estimate himself blasted the study as bias because it was funded by the Koch brothers. However, other studies who were funded by Democrats came out with similar numbers.
Clearly the AP should have ignored the right-wing wackos who think Sanders’ health plan will cost $32.6 trillion.
— Alex Griswold (@HashtagGriswold) July 30, 2018