The Trump administration slammed
Instead, the administration backs the typical Republican moves of increasing competition and requiring patients to foot at least part of their health care bills to keep their usage in check.
Under a Medicare for All proposal introduced by Vermont Independent Sen. Bernie Sanders, who is running for the 2020 Democraticnomination, the federal government would provide coverage to all Americans at virtually no cost and would essentially eliminate private insurance.
Sanders, who is expected to introduce an updated version of the bill in coming weeks, has offered different ways of paying the tab — which some have estimated at $32 trillion over a decade — by hiking taxes on the wealthy, as well as on all taxpayers. He argues that many people will ultimately save money because they’ll no longer have to pay premiums and will enjoy better health because they will be able to access care without worrying about the bills.
But the White House calculates that if Medicare for All were financed through higher taxes, it would reduce GDP over the long run by 9% and household income after taxes and health expenditures by 19%.
