Bernie Sanders Says his '$40 Trillion' Medicare-for-all Plan Will 'Save Money'
The 2020 hopeful rubbished criticisms of his plan's feasibility as 'absurd'
Sen. Bernie Sanders has said his 'Medicare for all' plan would help save the US money while costing between $30 trillion and $40 trillion over ten years.
The 2020 hopeful rubbished criticisms of his plan's feasibility as “absurd,” arguing that it would save money, according to The Washington Post.
"What the most serious economists tell us, that if we do nothing to fundamentally change the health care system, which is what Joe [Biden] was talking about, keeping it as it is, we'll be spending something like $50 trillion over a 10-year period,” he said.
“Times change, and we have got to go further.”
2020 Frontrunner Joe Biden called Sanders’ plan “risky and said it could hurt patients.
Biden released his plan to expand the Obama-era Affordable Care Act with a public option, which he claims would only cost $750 billion over ten years.
According to Fox News:
In a speech Wednesday at George Washington University, Sanders said it is an “international embarrassment” that the U.S. doesn’t guarantee health care as a right.
He said under his plan, patients would still be able to see their doctors but won’t have to “deal with rip-off insurance companies.”
Seema Verma, the administrator for the Centers for Medicare & Medicaid Services, told Fox News earlier this year that Medicare-for-all would lead to longer wait times and inferior care.
“What we’re talking about is stripping people of their private health insurance, forcing them into a government-run program,” Verma said.
In February, a total of the twenty-six House Democrats who signed the previous version of the Medicare for All Act dumped the last bill opting to focus on Obamacare instead.
The Democrats picked up 40 House seats last year, but lawmakers supporting the Medicare for All Act has plummeted to 107.
The number is less than 124 co-sponsors the Medicare for All Act finished with the 115th Congress.
Those who dropped out include Rep. Jim Clyburn, D-S.C., the House Majority Whip; Rep. Anna Eshoo, D-Calif., chairwoman of the Energy and Commerce's Health Subcommittee, Rep. John Yarmuth, D-Ky., chairman of the House Budget Committee.