Bernie Sanders’s ‘Medicare for all’ would cost $32.6 trillion: study
A recent study by a libertarian policy center found that Sen. Bernie Sanders’s (I-Vt.) “Medicare for all” plan would cost $32.6 trillion over 10 years, according to The Associated Press.
The analysis finds that Sanders’s health-care plan, which he popularized as a talking point during his 2016 presidential campaign, would result in a significant increase in government spending because more people would make use of medical care, according to the AP.
“If every major country on earth can guarantee health care 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,” Sanders said in a statement responding to the study.
The analysis comes from the Mercatus Center at George Mason University, which receives funding from conservative mega-donors Charles and David Koch, according to the AP, which noted that Charles Koch sits on the center’s board.
“This grossly misleading and biased report is the Koch brothers response to the growing support in our country for a ‘Medicare for all’ program,” Sanders added.
An increasing number of Democratic lawmakers and candidates have come out in support of single-payer health care this election cycle after Sanders promoted the policy in 2016.
All U.S. residents would be covered by the proposed health-care policy without copays or deductibles.
Though Sanders’s office told the AP it has not done an independent cost analysis on the plan, the amount identified by the Mercatus Center report is similar to what other studies have found.