A health care expert is breaking down the cost of 2020 Democratic presidential candidate Sen. Bernie Sanders’ (I-Vt.) “Medicare for All” plan and is explaining exactly where the money for it would come from — double taxes for Americans.
Sanders unveiled his latest version of the Medicare for All bill on Wednesday, even garnering support from several other 2020 Democratic hopefuls. However, he’s being met with criticism for just how hefty the bill’s price tag would be.
Health care expert Seth Denson told “Fox & Friends” on Saturday that the cost of the proposal would be $32.6 trillion over the first 10 years.
“The Democrats are talking about Medicare for All, it’s not Medicare at all,” Denson said. “It’s a single payer.”
Putting the cost of the Medicare for All plan into perspective, Denson noted that “we would need to double the taxes just to even attempt to pay for this program.”
He then pointed out the “ripple effect” of private insurance jobs. He continued:
“The health care system itself is a sixth of the U.S. economy, and so you’re talking about roughly 3 million direct jobs […] but also the indirect jobs. […] Those jobs would be eliminated as well. If we’re talking about a transition, a transition to what? You’re literally adding 2% unemployment rate day one.”
In a poll shared by Fox News, 71% of those polled support Medicare for All when they’re told about the proposal guaranteeing insurance for all. However, that popularity shifts to 37% support when people are told it requires most people to pay more taxes.
Watch the video below:
Sanders’ Medicare for All plan hasn’t been met with a warm welcome by Republican lawmakers.
“If you want to turn America into a socialist country, this is the first step,” McConnell told Fox News.