Even Bernie Sanders has acknowledged that the federal government couldn't afford to provide health care to all of its citizens.
In a video clip from 1987 that was discovered by the Washington Free Beacon, then-Burlington Mayor Bernie Sanders (I., Vt.) admitted that “giving everybody a Medicaid card” would “bankrupt the nation.”
“You want to guarantee that all people have access to health care as you do in Canada," Sanders said.
“But unless we change the funding and control systems to do that, for example, if we gave everybody a Medicaid card we would be spending such an astronomical sum of money that we would bankrupt the nation.”
Of course, as we reported two days ago, Sanders is pushing essentially the same system with his newly introduced “Medicare for All” bill. The proposal would offer the same suite of medical benefits required for some insurance plans under the Affordable Care Act and eliminate most out-of-pocket costs. Mr. Sanders argues that although taxes would likely rise to support the new system, families would save money by no longer needing to purchase health coverage.
Unsurprisingly given Sanders’s well-known views on government spending, the 96-page bill offers no mechanisms to pay for the plan, which is expected to cost the federal government trillions of dollars a year. A Bernie spokesman said his office plans to release a separate white paper focusing on payment strategies, but as of now, no such plan exists.
According to the Free Beacon, Sanders claims his bill would solve this – not inconsequential – problem by giving the government power to negotiate drug prices. But many experts consider his estimates highly optimistic. A study by the Urban Institute suggested that Sanders’ plan would cost $32 trillion over 10 years, which is about double Sanders’ estimate of the rough revenue figures that it would generate through taxes and cost-cutting.
However, Axios has proposed a few options that might work…
Of course, while we can forgive socialists like Bernie for wanting to ensure that every needy individuals receives medical care, the long-term risks are simply too large to ignore.
As one twitter user pointed out…
Socialism begins with questions like, "Why can't we provide healthcare for everyone?"
It ends with questions like this???? https://t.co/s1xqAsG4Ed
— Jesse Kelly (@JesseKellyDC) September 14, 2017