Bernie’s 'Medicare for All' Predicted to Cost Nearly $33 Trillion
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by Axios | 7.30.18
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A new study from the Mercatus Center, a libertarian policy center at George Mason University, projects that progressive Democrats' "Medicare for All" plan would cost the government $32.6 trillion over 10 years.
Why it matters: The study concludes that doubling all federal individual and corporate income taxes would not be enough to cover the added costs of the plan.
The backdrop: Democrats intend to make health care a central issue in the 2018 midterms and progressive candidates, like Alexandria Ocasio-Cortez, have been running on "Medicare for All."
Worth noting: All told, "Medicare for All" would actually slightly reduce the total amount we pay for health care. But the plan would increase the share of that cost paid through taxes, rather than through insurance premiums or out of pocket.
