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Study: 'Medicare for all' projected to cost $32.6 trillion[W:174]

Renae

Renae

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Sen. Bernie Sanders' "Medicare for all" plan would increase government health carespending by $32.6 trillion over 10 years, according to a study by a university-based libertarian policy center.That's trillion with a "T."
The latest plan from the Vermont independent would require historic tax increases as government replaces what employers and consumers now pay for health care, according to the analysis being released Monday by the Mercatus Center at George Mason University in Virginia. It would deliver significant savings on administration and drug costs, but increased demand for care would drive up spending, the analysis found.
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https://abcnews.go.com/Health/wireStory/study-medicare-bill-estimated-326-trillion-56906940

Also, when has a government plan ever come at or under budget?
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Renae said:
https://abcnews.go.com/Health/wireStory/study-medicare-bill-estimated-326-trillion-56906940

Also, when has a government plan ever come at or under budget?
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What is the expected payout needed to keep farmers as Trump supporters. Currently that $12B that Trump is wanting to spend on them as causalities of HIS trade wars is just a little hush money that will keep them going to after the midterms? And let's not even get into the money that Trump is demanding from congress to build his qall even though he spent the entire 2016 election saying Mexico was paying for it. If it is so easy to get Mexico to pay for it, then as soon as he gets that money he can have his wall. Seems you don't really care about government spending as long as Trump does it.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Praxas said:
What is the expected payout needed to keep farmers as Trump supporters. Currently that $12B that Trump is wanting to spend on them as causalities of HIS trade wars is just a little hush money that will keep them going to after the midterms? And let's not even get into the money that Trump is demanding from congress to build his qall even though he spent the entire 2016 election saying Mexico was paying for it. If it is so easy to get Mexico to pay for it, then as soon as he gets that money he can have his wall. Seems you don't really care about government spending as long as Trump does it.
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This isn't about Trump or anything he's doing. Please start your own thread on that subject and we can discuss it there. Please keep your TDS out of this thread moving forward, kk thanks.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Renae said:
This isn't about Trump or anything he's doing. Please start your own thread on that subject and we can discuss it there. Please keep your TDS out of this thread moving forward, kk thanks.
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The topic is the debt and how much you hate that government spending (unless it is Trump's spending). And I don't have Trump Defense Syndrome (TDS), that would be you.

Don't like what I say, tough.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Of course the Koch-funded Mercatus Center would come to that conclusion.:2wave:
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

What do we currently spend annually on medical care?
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

KevinKohler said:
What do we currently spend annually on medical care?
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3.3 trillion, so this would double it.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

KevinKohler said:
What do we currently spend annually on medical care?
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The most recent National Health Expenditure Account (NHEA) estimate was $3.3 Trillion in 2016. This sum includes all health care goods and services along with public health services and investment.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Taylor said:
3.3 trillion, so this would double it.
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Article said over 10 years. So it leaves total expenditure the same, but shifts the cost from consumer to a governing agent.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

KevinKohler said:
What do we currently spend annually on medical care?
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The thing I always ask people is whether or not their premiums are more or less what they expect to fork over in payroll taxes to support slamming everyone into Medicare without doing anything to address the cost of healthcare.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Praxas said:
What is the expected payout needed to keep farmers as Trump supporters. Currently that $12B that Trump is wanting to spend on them as causalities of HIS trade wars is just a little hush money that will keep them going to after the midterms? And let's not even get into the money that Trump is demanding from congress to build his qall even though he spent the entire 2016 election saying Mexico was paying for it. If it is so easy to get Mexico to pay for it, then as soon as he gets that money he can have his wall. Seems you don't really care about government spending as long as Trump does it.
Click to expand...

We produce too much crops... we have a huge surplus.

If we were doing what we are supposed to be doing we should end all subsidies for farmers. No politician wants to take that hit though.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Napoleon said:
The thing I always ask people is whether or not their premiums are more or less what they expect to fork over in payroll taxes to support slamming everyone into Medicare without doing anything to address the cost of healthcare.
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Exactly. Like AHCA, this would do nothing to address cost...the true problem.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Praxas said:
What is the expected payout needed to keep farmers as Trump supporters. Currently that $12B that Trump is wanting to spend on them as causalities of HIS trade wars is just a little hush money that will keep them going to after the midterms? And let's not even get into the money that Trump is demanding from congress to build his qall even though he spent the entire 2016 election saying Mexico was paying for it. If it is so easy to get Mexico to pay for it, then as soon as he gets that money he can have his wall. Seems you don't really care about government spending as long as Trump does it.
Click to expand...

Whataboutism.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

KevinKohler said:
Article said over 10 years. So it leaves total expenditure the same, but shifts the cost from consumer to a governing agent.
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Right, 32 trillion over 10 years represents an increase of 3.2 trillion a year, effectively doubling spending.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Renae said:
https://abcnews.go.com/Health/wireStory/study-medicare-bill-estimated-326-trillion-56906940

Also, when has a government plan ever come at or under budget?
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Of course, one thing that doesn't take into account, is that, well, libertarian think centers lie. Another item that is not being considered is that there would be the counter expense being removed since companies and people would not have to pay for insurance except for supplemental insurance if they want it. So, from the viewpoint of companies and private individuals, the expense is shifted from paying private companies to paying the government. So, the net change in what is being paid in health care is much much less. The cost can be managed better too.

So, the report is rather dishonest.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Praxas said:
What is the expected payout needed to keep farmers as Trump supporters. Currently that $12B that Trump is wanting to spend on them as causalities of HIS trade wars is just a little hush money that will keep them going to after the midterms? And let's not even get into the money that Trump is demanding from congress to build his qall even though he spent the entire 2016 election saying Mexico was paying for it. If it is so easy to get Mexico to pay for it, then as soon as he gets that money he can have his wall. Seems you don't really care about government spending as long as Trump does it.
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$12B versus $32T.... is that your honest response? :roll:
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

KevinKohler said:
Article said over 10 years. So it leaves total expenditure the same, but shifts the cost from consumer to a governing agent.
Click to expand...

Medicare doesn't cost $3.3 trillion a year. I don't know where that number is coming from.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

celticwar17 said:
We produce too much crops... we have a huge surplus.

If we were doing what we are supposed to be doing we should end all subsidies for farmers. No politician wants to take that hit though.
Click to expand...

We should end all subsidies.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Taylor said:
3.3 trillion, so this would double it.
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Waaait a second... The koch brother's foundation estimate in the OP says "$32.6 trillion over 10 years" so divided by ten that would equal $3.26 trillion/year right?
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Taylor said:
Right, 32 trillion over 10 years represents an increase of 3.2 trillion a year, effectively doubling spending.
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I wonder how much additional health care we'd get for that money. Would it double as well? Would it be less than we get now? Would it triple?

It seems like there're folks who forgo health care (maybe there aren't, idk) who may be more inclined to receive health care.
So, it seems possible that the amount we were purchasing could increase as well.
I have no idea what numbers were used for the study, nor what numbers exists today.

I also wonder what externalities were factored in this study and which unaccounted ones America would gain?
Seemingly, some externalities may accrue to private or state and local actors rather than to the federal government and thus may not have been included in the study's scope.

But it seems like have a more healthy populace should have some other benefits for the nation if not the federal government.

I'd like to see answers to these sorts of considerations to help me see what relative value this sort of proposal has.

Price by itself is not very informative, imho. It helps to know what is gained for the price.
$100 is a great price for a Cadillac and a ****ty price for a stick of Doublemint.
 
Re: Study: 'Medicare for all' projected to cost $32.6 trillion

Taylor said:
Right, 32 trillion over 10 years represents an increase of 3.2 trillion a year, effectively doubling spending.
Click to expand...

How is $3.26 trillion twice as much as $3.3 trillion?
 
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