en. Bernie Sanders on Wednesday was joined by prominent Democrats to announce his “Medicare for all” bill, or single-payer healthcare. Healthcare for everyone! Sounds great, right? But how much will it cost? It seems Sanders doesn’t even really know.
The Cato Institute’s Michael Tanner says the current system is “running some $58 trillion in the red, after totaling all projected future liabilities.” The U.S. national debt passed the $20 trillion this week.
I’m not a mathematician, but those numbers don’t seem to work.
Thirty years ago, Bernie Sanders agreed.
In 1987, as seen in a video posted by the NTK Network, as the mayor of Burlington, Vt., Sanders claimed that while he supported universal healthcare, trying to put all Americans on Medicaid (both Medicaid and Medicare costs states and the federal government about a half trillion annually) would “bankrupt the nation.”
Younger Sanders opined, “But I think what we understand is that unless we change the funding system and the control mechanism in this country to do that.”
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