Sen. Bernie Sanders last week introduced a “Medicare for All” bill. The single-payer health care plan would theoretically expand Medicare, which currently covers senior citizens who have been paying into the system for years, to the entire country in a four-year process.
How is Bernie planning to pay for that?
The plan is estimated to cost $1.38 trillion per year. Sanders listed these sources for funding (read: your money) on his website:
A 6.2 percent income-based health care premium paid by employers.
Estimated revenue: $630 billion per year.
A 2.2 percent income-based premium paid by households.
Estimated revenue: $210 billion per year.
Progressive income tax rates.
Estimated revenue: $110 billion a year.
Sanders calls himself a “Democratic socialist,” a term used by the Russian revolutionary Vladimir Lenin to obscure his communist leanings. This plan for big government health care, which has been co-sponsored by 16 Democratic senators, is only a reflection of that.
In a clip from 1987, Sanders said that expanding Medicaid to a universal health care system would “bankrupt the nation.” The independent senator seemed to know then that American taxpayers can’t afford to fund a single-payer system.
“The reason why he’s avoiding the details now is that he’s very well aware of the costs,” Glenn said.