The resulting cost of such a plan would suffocate taxpayers, devastate the economy, and dramatically increase the size and scope of the federal government.
October 16, 2019
New Study Confirms Single-Payer Would Bankrupt the Country
Previous studies have shown that “Medicare for All” would cost American taxpayers up to $32.6 trillion over ten years. But a new analysis by the left-leaning Urban Institute reveals that some versions of single-payer would cost even more.
With the majority of 2020 Democratic presidential candidates proposing free healthcare for illegal immigrants, the Urban Institute looked at a single-payer system that included that component.
“One single-payer approach would leave no one uninsured and largely eliminate consumers’ out-of-pocket medical costs but would require much greater federal spending to finance. The modeled “enhanced” single-payer system would cover everyone, including undocumented immigrants.”
The resulting cost of such a plan would suffocate taxpayers, devastate the economy, and dramatically increase the size and scope of the federal government.
“This reform option covers the entire US population. National spending on health care would grow by about $720 billion in 2020. Federal government spending would increase by $2.8 trillion in 2020, or $34.0 trillion over 10 years.”
The American people deserve lower premiums, more choice, and higher quality care. These proposals would force them into a one-size-fits-all plan that eliminates employer-based coverage and puts government in full control of their healthcare decisions.