Sen. Bernie Sanders, I-Vt., specified Tuesday how he would pay for his “Medicare for All”program, which critics have lambasted for its cost and impact on the federal budget.
While campaigning in New Hampshire, he responded to an audience member’s question about payment by saying he would likely raise payroll taxes on employers as well as income taxes on high-income earners.
“It would cost you and ordinary Americans a lot less than you are currently spending on average,” he said before explaining his payment method.
“What it will probably end up looking like is a payroll tax on employers, an increase in income tax in a progressive way for ordinary people — with a significant deductible for low-income people who pay nothing for it,” he said.
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He also said his campaign purposefully didn’t put out a detailed account of his payment plan because it would “engender enormous debate.”
Sanders was just one of many progressive, 2020 candidates to advance “Medicare for All” and other policies, prompting more vigorous debate about socialism in the United States.
The proposal has received varying cost estimates from different organizations. According to the Committee for a Responsible Federal Budget, one Medicare for All proposal from Rep. Pramila Jayapal, D-Wash. would cost about $28 trillion – $32 trillion over a decade.
The American Action Forum, a conservative think tank, estimated the Green New Deal’s provision for universal health care would cost $36 trillion, with $260,000 in cost per household.
House narrowly backs allowing troops, Pentagon workers to carry personal guns on military bases
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House GOP votes to punt government shutdown battle to after November midterms
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Mamdani goes back on campaign promise, says NYC can’t arrest Netanyahu
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Another study from the Mercatus Institute, typically perceived as leaning right on fiscal issues, similarly predicted in 2018 that the cost would reach $32 trillion in 10 years but forsaw a scenario in which the nation could actually save more than $2 trillion on health expenditures.
An alternative scenario, accounting for less effective cost controls, would result in more than $3 trillion in additional costs. Mercatus also claimed that its study’s author thought the assumptions showing cost-savings may be unreasonable.
When Centers for Medicare & Medicaid Services (CMS) Administrator Seema Verma commented on the issue in April, she described the program as “the biggest threat to the American health care system.”
“What we’re talking about is stripping people of their private health insurance, forcing them into a government-run program,” she said. Her concerns echoed those of others who worried about the impact on existing health plans.
House narrowly backs allowing troops, Pentagon workers to carry personal guns on military bases
Progressive wave crashes in Sun Belt battleground as moderate holds his seat
House GOP votes to punt government shutdown battle to after November midterms
Woman’s remains identified by DNA in Virginia, exposing second alleged murder linked to same 4 suspects
Mamdani goes back on campaign promise, says NYC can’t arrest Netanyahu
Watch: Leftist Witness Confused by Jasmine Crockett’s Wild ‘Racism’ Claim About the World Cup Final
Alleged ‘mime’ stalker stripped to underwear, covered himself in cooking oil: officials
Watch: Dog Moves Like Lightning to Protect Her Boy from Charging Black Bear and Gets the Job Done
David Hogg Rips DNC’s Campaign Arm as ‘Evil’ and Says Top Party Fundraisers ‘Pick Terrible Candidates’
Slack messages released by Rand Paul appear to show authors of key COVID-19 origin paper held private doubts
WATCH: Smithsonian director pressed on woke exhibits: ‘Is Mickey Mouse racist?’
Peter Navarro contempt of Congress conviction upheld by appeals court
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Todd Blanche faces lingering GOP holdouts for attorney general post over ‘anti-weaponization fund’
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Sanders and others have championed universal health care as a human rights issue — citing the U.S.’s high health care costs and lack of coverage compared to other industrialized nations.
Story cited here.
