Posted on 07/30/2018 8:59:08 AM PDT by SeekAndFind
The Mercatus Center, a libertarian think-tank out of George Mason University, is releasing a study today that will show how much Vermont senator Bernie Sanders's "Medicare for all" idea would cost.
Over ten years: $32.6 trillion.
The Associated Press wants to make sure you read that correctly:
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.
Sanders' plan builds on Medicare, the popular insurance program for seniors. All U.S. residents would be covered with no copays and deductibles for medical services. The insurance industry would be relegated to a minor role.
When asked how she would pay for her democratic socialist agenda, which includes the Medicare for all program, Alexandria Ocasio-Cortez made is sound so easy:
"This is an excellent, excellent question," she replied. "I sat down with a Nobel Prize economist last week – I can't believe I can say that, it's really weird – but one of the things that we saw is, if people pay their fair share, if corporations and the ultra wealthy – for example, as Warren Buffett likes to say, if he pays as much as his secretary paid, 15 percent tax rate, if corporations paid – if we reverse the tax bill, raised our corporate tax rate to 28 percent ... if we do those two things and also close some of those loopholes, that's $2 trillion right there."
(Excerpt) Read more at americanthinker.com ...
But, if everyone would just pay their ‘fair share’ it could all work wonderfully, and peace would occur throughout the universe, and penguins could fly, and all people would be ‘one’ in the world, etc..
When California ran the numbers last year and it was estimated that it would cost $400 Billion to implement Single-Payor in just that state, and I think that number is a little low. I did some figuring and I came up with about $3.5 to $4 Trillion a year to do it nationwide. So this study is in the ball park of my thinking.
The real problem is that this country does not have the money to go to a full single payor-system. There is no amount of Taxes that will make it so.
If the U.S. had chosen to go such a system after W.W. II like Western Europe did then it could have worked as the costs to do so were very low then. While we spent money and protected Europe they were free to spend money that would have gone to Defense and spent it on establishing an elaborate Social Welfare State.
For the U.S. to try and pivot to go into that direction cannot and will not work, we are broke and do have the money to do so. It’s way too late.
If you do that it will no longer be Medicare. It will be 100% socialized medicine, which is the goal.
The result would be that the elderly would be killed off rapidly, so that the true beneficiaries of the new socialized medicine would get more money: the “dreamers,” aids patients, women obtaining abortions and people who want their sex organs sliced off.
The elderly would be getting free “euthanasia” to get them out of the way. Treatment for chronic diseases after age 75 would be stopped. Down syndrome kids would be terminated.
RE: I think 32,600,000,000,000 divided by 300,000,000 is a little over $100,000, not 1 million.
Then divided over 10 years, that would be about $10,000 per person per year.
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Sure, but there is another factor to consider — HOW MANY OF THE 300 Million ACTUALLY PAY TAXES?
For those who pay little to no taxes, they don’t care a whit how much it will cost per head. After all, somebody else is paying for it.
For those who do, it will hurt big time.
Fortunately, I don’t think it will matter.
Well, I actually have a plan B if it does matter. I retire in just over a year and my income will be such that at least I’ll pay little or no income tax.
bm
“So what, who cares!” Just keep writing the checks until they really bounce. Just our kids and grandkids problems, let them deal with it. Founding Fathers would be proud!/s
Who would have thought there was a program worse than 0bamacare.
We may want to consult that situation before we all gallop off in the same direction.
Everybody starts off @ the math when the 1st question (as should always be):
BY. WHAT. AUTHORITY?
The Right lose most, if not all ‘debates’, by accepting the “opposition’s” premise(s). *SMH*
If not A1S8, there’s a SLUE of other A. to counter: 4th/5th/9th/10th/13th...
Free medical care, and then they will never want any more spending increases, right? No, this would be only the beginning. For one thing, it makes the USA seem more desirable to illegal aliens.... until we go broke.
It would cost way more than $32 trillion, more than anyone could fathom because if we ever got to the point of “medicaid for all” it would mean the left were a majority, extreme far leftist POTUS, leftist house, senate which would mean open borders, no more immigration enforcement, and we’d be financing medical care for the entire world.
I have Medicare. I need a supplement with that. I pay a premium for each. I cannot shop the premium for one, I shop the other. I don’t think folks supporting Occasio realize it’s not free Medicare for all, kind of like the myth that Medicare pays for Viagra.
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