Even Bernie Sanders Thinks "Medicare For All" Would Bankrupt America

Even Bernie Sanders has acknowledged that the federal government couldn't afford to provide health care to all of its citizens.

In a video clip from 1987 that was discovered by the Washington Free Beacon, then-Burlington Mayor Bernie Sanders (I., Vt.) admitted that “giving everybody a Medicaid card” would “bankrupt the nation.”

“You want to guarantee that all people have access to health care as you do in Canada," Sanders said.


“But unless we change the funding and control systems to do that, for example, if we gave everybody a Medicaid card we would be spending such an astronomical sum of money that we would bankrupt the nation.”

Of course, as we reported two days ago, Sanders is pushing essentially the same system with his newly introduced “Medicare for All” bill. The proposal would offer the same suite of medical benefits required for some insurance plans under the Affordable Care Act and eliminate most out-of-pocket costs. Mr. Sanders argues that although taxes would likely rise to support the new system, families would save money by no longer needing to purchase health coverage.

Unsurprisingly given Sanders’s well-known views on government spending, the 96-page bill offers no mechanisms to pay for the plan, which is expected to cost the federal government trillions of dollars a year. A Bernie spokesman said his office plans to release a separate white paper focusing on payment strategies, but as of now, no such plan exists.

According to the Free Beacon, Sanders claims his bill would solve this – not inconsequential – problem by giving the government power to negotiate drug prices. But many experts consider his estimates highly optimistic. A study by the Urban Institute suggested that Sanders’ plan would cost $32 trillion over 10 years, which is about double Sanders’ estimate of the rough revenue figures that it would generate through taxes and cost-cutting.

However, Axios has proposed a few options that might work…

  • A 7.5% income-based premium paid by employers, which his paper claims will raise $3.9 trillion over 10 years. This would exempt certain small businesses.
  • 4% income-based premium paid by households, which his paper claims will raise $4.2 trillion over 10 years. This would not affect low-income families.
  • Savings from health tax expenditures, which his paper claims will raise $4.2 trillion over 10 years.
  • Make the personal income tax and the estate tax more progressive, including limiting deductions for the wealthy. His paper claims this will raise $1.8 trillion and $249 billion over 10 years, respectively.
  • "Establish a Wealth Tax on the Top 0.1 percent," which his paper claims will raise $1.3 trillion over 10 years.
  • Add a fee on large financial institutions, which his paper claims will raise $117 billion over 10 years.

Of course, while we can forgive socialists like Bernie for wanting to ensure that every needy individuals receives medical care, the long-term risks are simply too large to ignore.

As one twitter user pointed out…


The Alarmist rccalhoun Sat, 09/16/2017 - 18:06 Permalink

So he has committed the actus reus of treason by introducing the bill and demonstrated the mens rea by acknowledging it will cripple and possibly kill the nation. It's a shame we won't find the Constitutionally required conspirators to provide the testimony to convict this turd so we can put him down like the treasonous dog he is.

In reply to by rccalhoun

junction The Alarmist Sat, 09/16/2017 - 18:22 Permalink

In 2013, a 100 mg tablet of doxycycline hyclate in generic fom cost about 4 cents ($0.04).  By the time the price fixing generic drug companies finished their "work" in 2015, the price for this antibiotic was about $3.65 a pill. Total silence from CMS, the FDA, all our elected officials and the mainstream press as this criminal conspiracy increased the drug price more than 90 fold.  One union sued over the overcharges, costly to the union's prescription drug plan.  The news reports on this lawsuit forced the empty suits in government to do something, besides trolling for porn on the Internet.  You cannot have a viable health insurance industry when criminals can rip off the system with impunity, shielded by their political friends. 

In reply to by The Alarmist

FreddieX junction Sat, 09/16/2017 - 19:06 Permalink

Easy start to something better:Gov't sponsers bio-med student,free tutition at ( gov't run - VA ) med schoolsIn return doctors work for gov't for 10 years - start with VA hospitalsNEVER HAPPEN: - gov't is now offering veterans vouchers so that they can go to private doctors instead of VA hospitals.

In reply to by junction

swmnguy FreddieX Sat, 09/16/2017 - 19:18 Permalink

Yes indeed, "FreddieX," it all starts with the Finance Sector extortion racket that has taken over higher education.  If we taxpayers covered the costs of medical education, and had purchasing agents watchdog the price, and then required new doctors to work where the need was greatest (the VA is a great suggestion), that would create huge savings.Stupid articles like this start out from dishonesty, and then pick up more along the way.The old Bernie Sanders quote says that if we don't do something about the price of healthcare, and healthcare finance, it will bankrupt us.  He said this about 30 years ago.  It's stated in very clear language the story's writer pretends to misunderstand.Do we not all agree and understand that the problem with our healthcare finance system is that it's too goddam expensive?  That people and their employers can't afford it?Do we forget that this was a problem back before 1973, when the Nixon Administration introduced HMO plans?  Are we pretending we don't know that ObamaCare was only a political possibility at all because the existing healthcare finance system had priced itself out of business?Sanders was talking about out-of-control runaway healthcare costs in 1987.  Since then it's gotten nothng but worse.  Today, it's just about impossible that putting everybody on Medicare would cost more than what we pay today; in Medicare and Medicaid, the VA, private insurance premiums, deductibles, co-pays, and the enormous costs insurance doesn't cover which are the #1 cause of consumer bankruptcy in America and have been for decades.I'm not looking forward to all of us being on Medicare or the VA, but look at what the private sector has done with it.  Maybe healthcare just isn't a fit subject for private business, like mass transit, public education and the military.

In reply to by FreddieX

FreddieX swmnguy Sat, 09/16/2017 - 19:39 Permalink

Sorry for the hyperventilation, since this is wishful thinking,after VA hospitals/med schools would come Medicare / Medicaid hospitals/schools.More hyperventilation: Doctors are licensed by "the state" - as part of their continued certification ( CPE ) they must do work in these state schools / hospitals.https://www.psjd.org/An_Overview_of_Pro_Bono_RequirmentsPro Bono Service Requirements for Bar Admission In 2012, New York became the first jurisdiction in the United States to require pro bono service as a condition for bar applicants to become licensed to practice law.

In reply to by swmnguy

DemandSider FreddieX Sat, 09/16/2017 - 20:33 Permalink

"Pro Bono Service Requirements for Bar Admission In 2012, New York became the first jurisdiction in the United States to require pro bono service as a condition for bar applicants to become licensed to practice law. " Thay's true in Minnesota, too. Good law.

In reply to by FreddieX

Singelguy FreddieX Sun, 09/17/2017 - 07:27 Permalink

Are you serious? How would you like it if you had to work 3 months for nothing to get your driver's license? This is nothing but government dictated slavery. Must be nice to be able to force someone else to work for free so that you can have lower costs.

In reply to by FreddieX

fattail Singelguy Sun, 09/17/2017 - 09:14 Permalink

Not for free, pay them in rice and beans.  Do you want more fucking lawyers.  This is how you get smart people to go into pre-medicine and out of poly Sci and pre law.  There should be a parasite tax.  Of course if there were no personal injury lawyers who would advertise on day time TV.  Parasites advertising their services to parasites.  

In reply to by Singelguy

jcaz swmnguy Sat, 09/16/2017 - 21:09 Permalink

"Look at what the private sector has done with Medicare"-What the FUCK are you talking about????   What- EXACTLY- do you think Medicare is???   If you really don't understand that Government control of services is FAR less efficient and successful than private control,  then you have a serious misconception of the basis this country was founded upon.Wow- with a straight face, you REALLY just cited mass transit, public education and the military as government successes????Seriously, dude-  take a step back and punch yourself in the face. Only a G-9 makes your fundamentally absurd points... that's  a LOT of brain-washing from which you'll never recover...  Lemme guess-  DMV?  EPA?

In reply to by swmnguy

Escrava Isaura swmnguy Sun, 09/17/2017 - 02:40 Permalink

swmnguy, Stupid articles like this start out from dishonesty, and then pick up more along the way. swmnguy, Good post, and dead on statement. It highlights that the conservatives are no better than the liberals about distorting facts/reality. Actually, in my opinion, conservatives are better distorting fact because, at their core, conservatives believe while the liberals are programming to accept. A good example on the liberal side is education, the higher the education the more programmed the liberal become. By the way, exclude science, because science you need the critical and independent thinking. Now, not you but some reader might be stupefied: How could we have become this stupid? Here’ the answer why: I didn’t do any research at all on Adam Smith. I just read him. There’s no research. Just read it. He’s pre-capitalist, a figure of the Enlightenment. What we would call capitalism he despised. People read snippets of Adam Smith, the few phrases they teach in school. Everybody reads the first paragraph of The Wealth of Nations where he talks about how wonderful the division of labor is. But not many people get to the point hundreds of pages later, where he says that division of labor will destroy human beings and turn people into creatures as stupid and ignorant as it is possible for a human being to be. And therefore in any civilized society the government is going to have to take some measures to prevent division of labor from proceeding to its limits. He did give an argument for markets, but the argument was that under conditions of perfect liberty, markets will lead to perfect equality. That’s the argument for them, because he thought that equality of condition (not just opportunity) is what you should be aiming at. It goes on and on. He gave a devastating critique of what we would call North-South policies. He was talking about England and India. He bitterly condemned the British experiments they were carrying out which were devastating India. He also made remarks which ought to be truisms about the way states work. He pointed out that its totally senseless to talk about a nation and what we would nowadays call “national interests.” He simply observed in passing, because it’s so obvious, that in England, which is what he’s discussing — and it was the most democratic society of the day — the principal architects of policy are the “merchants and manufacturers,” and they make certain that their own interests are, in his words, “most peculiarly attended to,” no matter what the effect on others, including the people of England who, he argued, suffered from their policies. He didn’t have the data to prove it at the time, but he was probably right. Continue reading………   

In reply to by swmnguy

Bwana wee-weed up Sat, 09/16/2017 - 20:39 Permalink

Bernie has the figures a ways off. California hired an independent firm to figure out how much it would cost to go with a single payer system. California figured it would cost $1,000 per per person per month. The 40,000,000 people in California would cost $400,000,000,000+ (400 billion) every year. The states budget is presently $200 billion with a 12% state income tax. So all California would have to do is raise the state income tax to 36% or a 24% raise in state income tax to pay for a single payer system.However that is based upon known revenues coming in from the working people. The US has 330,000,000 people but only about 150,000,000 work and half of those don't pay taxes so that leaves 75,000,000 to pay about $33,000,000,000,000+ (33 trillion dollars+) annually in taxes. Every person who pays taxes would have to pony up about $4,000 per month in additional taxes. Is everybody who works and pays taxes going to be able to pay $48,000 every year in additional taxes with an average working person's annual income being $51,000 per year? Not Hardly!The reason the figures don't quite match is there are a lot of present plans being paid for by taxes that would get absorbed. They amount to about 18%.

In reply to by wee-weed up

Escrava Isaura FreeShitter Sun, 09/17/2017 - 09:02 Permalink

/* Style Definitions */
{mso-style-name:"Table Normal";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-bidi-font-family:"Times New Roman";
Not entirely, because the conservatives manage to be more savage than the liberals in anything that the government does well, or better than the private sector. Also, the conservatives are good hiding behind religion, morality, and nationalism while kicking their faces.     

In reply to by FreeShitter

trader1 Sat, 09/16/2017 - 17:52 Permalink

medicaid isn't the same as medicare...and sure, if trying to run a system without a mandate to manage its price structure, you will have runaway costs.just like any corporation does, you keep your systems' costs under control.  

NoPension Sat, 09/16/2017 - 17:51 Permalink

It's bad enough everyone thinks they have a right to exist, eat, have icrap, a roof and breed to their heart's content.

You do....if you EARN it. Someone has to EARN it. It should be the person USING the resource.

This is so basic and simple. If only I were King.

NoPension trader1 Sat, 09/16/2017 - 19:16 Permalink

Never had a goobermint job. To young for a private pension.

Not complaining.

.....but, it would have been better to get a county roads job....and cut grass on the median strips...than try to start and run two businesses with employees. Financially...that is. At 55, I'd be looking at retirement, and a gold plated taxpayer funded lifetime benefits package, with full healthcare til death. For 20+ years of 5 days a week....and 2 or 3 hours of production a day. Not bad.

I employed a mechanic in my shop. He applied for, and got a job with...fuck it...Annapolis City Government garage. They gave him a car to work on...oil change and rotate tires. ( this is a true story, he quoted to me) . So he racks it up, starts draining the oil, and taking the wheels off with an impact. (This was a 30-40 minute job in my shop...if you stopped for coffee). The other mechanics surrounded him, made him lock up his air tools...and informed him tire rotate was to be done with hand tools...and oh...it's a TWO DAY job for a olf and rotate!!

In reply to by trader1

logicalman NoPension Sun, 09/17/2017 - 03:38 Permalink

If I'd been allowed to actually save and had not had half my hard-earned stolen from me, I'd have been able to retire about a decade ago.Unfortunately, funding shit I want(ed) no part of is (was) something I would avoid, given the option.My healthcare plan is to eat well, excercise like a madman and get enough sleep.Still nice to have a safety net, I'm a Brit who grew up with NHS, now in Canada.At least I've never had to worry too much about unfortunate happenings ragarding such matters.If US spent half the money they spend on wars on healthcare just about everyone could expect a private room whenever they needed it, even if they abused their bodies.I really have a hard time understanding people's priorities.  

In reply to by NoPension

Last of the Mi… Sat, 09/16/2017 - 17:52 Permalink

Bern is just selling the old "I'm from the government and I'm here to help" scam with a twist. If you can redefine privileges and turn them into rights that the government should pay for. Well, with that slight of hand, a charlatan can take everything you own including all of your freedoms. It's simple really, if you just use a little bit of sound reasoning and common sense.

seek Sat, 09/16/2017 - 17:56 Permalink

Increase spending by 32 trillion in 10 years -- so 3.2 trillion per year, e.g. double the current US Federal budget -- while completely destroying the quality of care, and only being able to pay for half of it with tax increases -- most of which won't materialize because of the Laffer curve as a result of people cutting their incomes since it's just not fucking worth working anymore.Yep, sounds like a winning plan.

trader1 seek Sat, 09/16/2017 - 18:09 Permalink

the trick is this:establish a non-profit health insurance industry that covers virtually 100% of the publicfund medical education via the public-at-largenegotiate drug prices, hospital budgets and medical practitioner salaries (to a point where it's still a respectable income)

In reply to by seek

Ignorance is bliss Sat, 09/16/2017 - 17:59 Permalink

The U.S. can't even afford the boomer's health bill...the rest of us are fucked. Has anyone tried to get a simple procedure done at the hospital? They're busy sucking the marrow from the boomer bones and don't have time for anyone else. This country and its citizens are toast. Preventative care is where it's at, cause you don't want to be sick in this system. They'll hook you up to their drugs and machines until you're a financial zombie.

YourAverageJoe Sat, 09/16/2017 - 18:01 Permalink

I think it would take a very special person these days to sacrifice 10+years of your life and gobs of tuition money to want to even consider being a doctor these days.I think in the future they're going to less and less, and there will be more medical tourism to other more affordable surgeons in foreign countries.I just hope when it comes to that, when going south for back surgery, whoever goes doesn't get accidentally castrated during the procedure just for being an American.

rudyspeaks Sat, 09/16/2017 - 18:02 Permalink

Stupid Click-Bait Title. Sanders said NOTHNG LIKE THE TITLE! Just the pablum for unread, uneducated, shallow Libertardians. Try this (and tell me if you CAN'T FIGURE OUT the difference):" “But unless we change the funding and control systems to do that..." Got it half-wits? Let me simplify it...The USA's wasteful HC system uses MORE money per capita than any other nation on Earth. Every year we buy a Cadillac and Medicare E is a second hand Volkswagon. So, are you asking where the money for a cheap VW is going to come from?? Easy! We're NOT buying that stupid Cadillac! H-E-L-L-O??

rudyspeaks Withdrawn Sanction Sat, 09/16/2017 - 18:40 Permalink

First off, lose the assholic "you've got it all figured out" bullshit, since, assuming (with NO evidence) that you even understand the concept of "reading comprehension" I never made that claim. Nor did the article promise to address that claim. Like most of these moron commentators, you seem incapable of staying on a subject (or, more accurately, even figuruing out WHAT the SUBJECT IS!). Which is,allegedly, that Bernie knows he can't pay for his HC program, which is NOT what he said. He said it can't be paid for using the capitalistic practices of the current 'for-pay" system. Got it (at last)? This is a limited comment about the dishonesty, the "click-bait" nature of the article. As to the subject you seem to have confused this with, the potential viability of a single payer system, may I invite you to observe virtually EVERY SINGLE ADVANCED NATION ON THiS PLANET, which has such a system, pays less, and lives longer and healthier.

In reply to by Withdrawn Sanction

NoPension rudyspeaks Sat, 09/16/2017 - 19:30 Permalink

Name one that is NOT homogeneous.

Our country, and our way of life...the way it was founded, and the reason it became so successful and powerful.... get ready to be enlightened..

It was sink or swim. A land where Darwin's principle of "survival of the fittest" created a country of smart, hard working individuals. They were from different cultures, but got assimilated in the grinder, and those who survived came through with a mutual respect for other hard working, smart Americans.

Now...there is no grinder. No shedding of the old world's customs, language and culture. No sinking. Everyone eats. ( it's impossible to starve here unless you are mentally retarded or on drugs) Everybody gets a fucking trophy.....for showing up. And if you don't show up...somebody's got a government funded business set up....to drop it off to your fat lazy fucking useless ass.

In the absence of that...it the fact that you and your neighbor are the same. Same culture, bloodlines, history...etc. The Japanese, as an example. How many Muzzies, niggers or spics, pollacks, Germans or Swedes or wops in Japan?

I could go on and on...but what's the fucking point?

In reply to by rudyspeaks

Ms No Sat, 09/16/2017 - 18:08 Permalink

Sanders knows exactly what he is doing.  He is one of the worst out of all of them.  He even screwed Ron Paul on his audit the fed bill and pretending to be anti-bank forever.  He is a complete Bolshevik and he will lie about whatever he has to.