Medicare For All Would Cost Less, Not More

Pundits and other candidates keep claiming that Elizabeth Warren's and Bernie Sanders's Medicare For All plan is too expensive, a pipe dream, just not realistic.

Yet ...

It Won't Matter, But Medicare For All Would Cost Less And Cover 30 Million Americans

According to the Mercatus model, total health spending would actually come in about $303 billion lower in 2031 than under current projections, with $7.35 trillion going to healthcare that year versus $7.65 trillion expected now. Total national health spending would be $2 trillion lower from 2022 to 2031 under the plan, the report found. While the price tag for the federal government would increase significantly, decreased spending by other groups would lower total healthcare spending over that 10-year period. Meanwhile, the model also assumes that 30 million more people would get access to healthcare, and many people would get more robust services. The savings would come from a variety of places, such as the government's ability to leverage its bargaining power into lower prescription-drug costs and mandating all healthcare providers take the lower Medicare payment rate.

The next time you hear someone repeat the 'Medicare For All would cost too much' talking-point, immediately call bullshit.