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Study: ‘Medicare for all’ would cost $32.6 trillion over 10 years

The Mercatus Center, a libertarian think-tank out of George Mason University, is releasing a study today that will show how much Vermont senator Bernie Sanders’s “Medicare for all” idea would cost.

Over ten years: $32.6 trillion.

The Associated Press wants to make sure you read that correctly:

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.

Sanders’ plan builds on Medicare, the popular insurance program for seniors.  All U.S. residents would be covered with no copays and deductibles for medical services.  The insurance industry would be relegated to a minor role.

Read the full story from American Thinker

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