4/16/2023 0 Comments Bernie mic drop![]() It does away with copayments and deductibles, making a government plan responsible for all medical spending. Sanders's vision of health care in America is one that eliminates any out-of-pocket spending for consumers. How Sanders's vision of health care works - and why it's so expensive Photo by Natalie Behring/Getty Images But if analysts like the Urban Institute or Emory health expert Ken Thorpe are right, then it's severely underfunded. At the core of that dispute are much more fundamental questions about how patients, pharmaceutical companies, and health providers would change their behavior in reaction to a plan as generous as what Sanders envisions. If the Sanders campaign is right, then the plan is more than fully funded. Of course, that still leaves the plan trillions short of the funds it needs to operate, if the Urban Institute's analysis is correct.īut the Sanders campaign's larger argument is that Urban's estimates are way too high. In a statement, the campaign lists $9.1 trillion in specific savings that they believe the Urban Institute leaves out. The Sanders campaign responded to the Urban Institute report, arguing that it overestimated the cost of his plan, pushing back against specific assumptions (about things like administrative costs and what states would contribute) which they argue would lessen the burden on the federal government. ![]() It's very large relative to the size of the economy." It makes it harder for people to buy their own homes. If the government is borrowing more, that pushes up interest rates. The deficit the Sanders plan would cause, Burman says, "could be very damaging to the economy. "Other countries that offer these types of systems typically provide many fewer benefits, and their tax systems are much more broad-based." "Sanders's tax plan is very heavily tilted toward high-income people, so he couldn't just rely on additional taxes from them," says Len Burman, the director of the Tax Policy Center, which also analyzed Sanders's tax plan. The deficit the Sanders plan would cause "could be very damaging to the economy" It would require either more taxes on middle- and low-income Americans - or a very significant government deficit. And filling in that shortfall wouldn't be easy. This would, the Urban Institute estimates, leave the government $16.6 trillion short of the funds it would need to pay for a health care plan that covers all Americans. Related Here’s how much each presidential candidate would raise - or cut - taxes for the superrich
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |