REPORT: Fact checkers call foul after Bernie Sanders claims ‘Medicare for all’ plan will save $2 trillion

BY KAT SHEPHERD / AUGUST 8, 2018 /

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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by FINANCIALPOST.COM:

WASHINGTON — Sen. Bernie Sanders is skimming over the facts in claiming that his “Medicare for all” plan will lead to big reductions in what Americans spend for health care.

In a recent tweet, the Vermont independent insists the plan will cut $2 trillion from the nation’s health care bill.

But that’s based on a scenario in which hospitals and doctors accept significantly lower payments for many patients. It’s a big asterisk, and one that Sanders fails to disclose.

The article goes on to state the following:

SANDERS: “Medicare for All will lead to a $2 TRILLION REDUCTION in national health expenditures over 10 years.” — July 30 tweet.

THE FACTS: Sanders’ vision of El Dorado in his tweet and a YouTube video is being widely echoed by supporters of a government-run national health system. But Sanders mischaracterizes a study from a libertarian policy institute that found his legislation would actually lead to a massive boost in federal spending and taxation.

The study from the Mercatus Center at George Mason University in Virginia also concluded that “Medicare for all” is unlikely to produce a dividend for U.S. society in the form of lower total health care spending. To get that result would require paying hospitals and doctors much less than they get now and risk putting some out of business.

But the study also said if medical providers continue to be paid about the same as now, U.S. health care spending would increase by $3.25 trillion over 10 years under “Medicare for all.” It works out to about 5 percent more.

Read more from the fact check HERE.

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1 Comment

  1. Steve August 8th, 2018 at 10:07 pm

    We don’t want socialized medicine.It is terrible in other countries and you can see just how wonderful Obamacare has turned out. I lost my good health plan because of it. I now pay more money for less coverage and way higher deductible thanks to democrats. We would wait months to see a doctor or have surgery and I can see the democrats denying care for the elderly so they would die off.Good way to funnel money to their beloved illegals and welfare queens

    Reply

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