Bernie Sanders

That study going around on Bernie Sanders' Medicare for All plan comes with a big catch — the US would actually be saving money overall on healthcare


Excerpt:

A new report from the libertarian Mercatus Center drew attention as it showed Bernie Sanders' Medicare for All plan would cost the federal government an additional $32.6 trillion over 10 years.

But the Mercatus report also showed that the national health expenditure — the total amount spent on healthcare in the US by the federal government, states, businesses, and individuals — would actually come in below current projections under Sanders' plan.

So 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.

The savings would come from a variety of places, such as the government's ability to leverage its bargaining power into lower prescription drug costs and mandating that all healthcare providers take the lower Medicare payment rate.

https://www.businessinsider.com/bernie-sanders-medicare-for-all-plan-cost-save-money-2018-7