RDD_1210
Forms his own opinions
- May 13, 2010
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BullshitUmm no. I mean, go ahead and provide a source for this, but you're just wrong.
How Much Will Medicare for All Cost?
Representative Pramila Jayapal (D-WA), a co-chair of the Medicare for All Caucus, released a bill today that would adopt a single-payer system, where the federal government replaces private health insurance companies as the sole provider of most health care financing. While we are not aware of any estimates of this particular proposal, similar proposals have been estimated to cost the federal government roughly $28-32 trillion over a decade.
How much will the current system of healthcare cost the American people over the same period?
Well at our current rate of $3.5Trillion/year x 10 years = $35 Trillion Dollars or more than what the estimates are for Medicare for All
For 2018 healthcare cost $3.65 trillion. It is fair to say that at the current rate of growth healthcare costs will double over the next ten years - for an average of $5.5 trillion per year. That's a total cost of $55 trillion - about double the cost of government provided healthcare (by your numbers which are probably biased against government provided healthcare).
Or are you going to argue that healthcare costs will not go up? Seriously?
I think you're confused about my position. I agree with you. Our current costs are more than what a Medicare for All system could cost us.
Still waiting for you to support your claim that Medicare for All would cost $30 Trillion for 10 years on top of our current costs.