McClaughry: Bernie’s new Medicare for All plan

By John McClaughry

Last Wednesday Vermont Sen. Bernie Sanders unveiled his latest version of “Medicare for All,” his scheme for single-payer health care. He estimated it could cost up to $40 trillion over 10 years, which blows past the $32 trillion estimate outsiders calculated after Sanders first began peddling his plan.

Previously, Sanders admitted that he would raise taxes across the board to pay for this government power grab, but now that he’s upped the price he’s downplaying that broad tax increase and focusing on the rich paying more.

As Mark Alexander of Patriot Post observes,

“This massive sum of $40 trillion only exposes Sanders’s apparent ignorance of basic economics.

“Forty trillion over ten years is an average of four trillion per year. Does anyone recall what the entire budget of the United States federal government was for 2018? It was 4.094 trillion dollars. So Sanders is casually talking about expending the equivalent of our entire budget on his health care plan.” At the same time he’ll outlaw (private health insurance and wipe out that entire industry.”

Nevertheless, Sanders insists that his plan is not “absurd,” asserting, “What the most serious economists tell us [is] that if we do nothing to fundamentally change the health care system, which is what Joe [Biden] was talking about, keeping it as it is, we’ll be spending something like $50 trillion over a 10-year period.”

This sugars off to the typical socialist promise “health care, no matter what the cost.”

John McClaughry is vice president of the Ethan Allen Institute. Reprinted with permission from the Ethan Allen Institute Blog.

Image courtesy of Flickr/401kcalculator.org
Spread the love

One thought on “McClaughry: Bernie’s new Medicare for All plan

  1. Every time this clown talks I suspect he is rapidly approaching sitting in a chair,drooling and wetting himself. When he bloviates I cannot help laughing at his anger. What does he have to be so angry at ? As a young man he was kicked out of a commune for being lazy. Take a moment to think about that one. He finally brought home his first paycheck at the age 40. Presently he now has three very nice homes and a couple of million dollars in his bank accounts. I’m sure if this was any one of us we would be under investigation. I would say that if he really loved this country he would stop coming up with all of these stupid economy breaking ideas and help American people who work and pay taxes instead of giving away the store to illegal immigrants so his side can garner votes that a lot of Americans no longer want to give them because we are finding out every day that goes by how bad our elected officials are getting. One more thing that just came out. Several times a week he angrily decries that we need a $15.00 an hour minimum wage. What also came out was that his campaign workers are leaving his employ because they cannot even afford three meals a day on what he pays them. He raises the word hypocrisy to an unprecedented level.

Comments are closed.