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Group Puts Huge Price Tag on Sanders' Plan. He Fires Back

Libertarian group says his 'Medicare for All' proposal would cost $32 trillion
By Newser Editors and Wire Services
Posted Jul 30, 2018 11:42 AM CDT
Sen. Bernie Sanders, I-Vt., responds to a question during a town hall meeting.   (AP Photo/Rogelio V. Solis, File)

(Newser) – 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. 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, per the AP. Sanders' plan builds on Medicare, the popular insurance program for seniors. All US residents would be covered with no copays and deductibles for medical services. The insurance industry would be relegated to a minor role.

"Enacting something like 'Medicare for all' would be a transformative change in the size of the federal government," said Charles Blahous, the study's author. Blahous was a senior economic adviser to former President George W. Bush and a public trustee of Social Security and Medicare during the Obama administration. Responding to the study, Sanders took aim at the Mercatus Center, which receives funding from the conservative Koch brothers. "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. "This grossly misleading and biased report is the Koch brothers response to the growing support in our country for a 'Medicare for all' program."

(Read more Bernie Sanders stories.)

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