A single-payer Medicare for All system would reduce the amount the U.S. spends on health care by more than $2 trillion, a Koch brothers-funded study released Monday found.
Research by the Mercatus Center at George Mason University — a libertarian think tank backed by the Koch brothers — projected that the Medicare for All plan championed by Sen. Bernie Sanders (I-VT) would cost the government $32.6 trillion over 10 years. The highly critical report found that even doubling all federal individual and corporate income taxes would not cover the costs of Sanders’ Medicare for All plan.
The study did conclude, however, that Medicare for All would result in significant savings for the government because of lower prescription drug costs, saving $846 billion over the next decade. Streamlined administrative costs under the plan would save another $1.6 trillion, the researchers at the Mercatus Center found. (Read more)
The Watch Dog response: A damn shame this guy is an Independent but ran as a Democrat. This is why I could not support him. So since he branded the Democratic Party as a failure then why don’t his ass run as a Republican and see what happens. I damn sure hope he does not run as a Democrat in the upcoming Presidential Election.
The senator for Vermont appeared to criticise the first black US President as he branded the Democratic Party a “failure”.
“The business model, if you like, of the Democratic Party for the last 15 years or so has been a failure,’ said the Vermont Senator.
“People sometimes don’t see that because there was a charismatic individual named Barack Obama. He was obviously an extraordinary candidate, brilliant guy. But beyond that reality…” (Read more)