Wednesday, February 12, 2020

More on Sanders and Medicare for All

Why won't Sanders put a reasonable budget for Medicare for All on the table?

If you read his "Options to Finance Medicare for All," and even if one accepts all of his numbers, they only add up to about $1.62 trillion per year. That already includes a 4% taxable income surcharge on everyone that pays taxes. Current Medicare, which covers 60 million of the 330 million in the US, spent $740 billion in 2018. You can add to that the famous 20% of Part B not covered which is another $67 billion currently paid by the patient.

So that's $800 billion for current Medicare. Sanders is talking about expanding 60 million to 330 million plus adding a whole bunch of things, dental and routine vision for instance, that aren't covered by current Medicare.

That's going to drive expenses up by a lot. I don't think $2.4 trillion to $2.6 trillion or even higher a year is unreasonable as an estimate.

That would leave him almost $1 trillion a year or more short. Until he puts a M4A budget on the table I don't want anything to do with him.

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