Sanders has frequently said that the U.S. How? He argues that it would do so by eliminating the high cost of most paperwork handled by the insurance industry today. But the bottom line, he contends, is that Medicare for All would save people overall some $2 trillion over the 10 years compared with existing costs. Sanders has suggestions for funding it, including redirecting $2 trillion of current government spending, along with raising taxes on income over $250,000 and reaching a 52% marginal tax rate on income over $10 million. Studies show that costs could be between $25 trillion and $32 trillion over 10 years. Under this plan, Medicare and Medicaid would go away - in name at least - with some exceptions for elective procedures. The Sanders plan envisages a single payer health care system, where the federal government provides universal coverage to all Americans. Sanders had introduced his “Medicare for All” bill in October 2017, and it was among the most popular in public polls out of eight health care bills that were introduced in the previous Congress term, according to a Kaiser Family Foundation study. Wharton's Mark Pauly and Drexel's Robert Field discuss the pros and cons of implementing a national health insurance program in the U.S.Īfter Vermont senator Bernie Sanders announced on Tuesday that he would run in the 2020 presidential election, the spotlight has shifted to his two-year-old universal health insurance plan. Succeeding with Hybrid Work: Focus on Five Cs June 22, 2022.Vigilant Leaders: Paying Attention to What Matters Most July 25, 2022.See It My Way: Top Tips for Persuading Others August 9, 2022.Preventing Burnout: The Demand-Control-Support Model September 27, 2022.
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