Far-left Georgia Democrat gubernatorial candidate Stacey Abrams has made it no secret that she wants to put Georgia on the path toward a Single-Payer healthcare system, yet won’t admit how she would pay for it. But with a new study showing just how costly such a plan would be for working families, she owes Georgians real answers.
The Associated Press reported yesterday that according to a new study, ‘Medicare for all’ – also known as Single-Payer – would cost $32.6 trillion and require massive tax increases, forcing working American families to pay more to shoulder the enormous burden.
This comes just weeks after another study showed that a state-level Single-Payer plan in Maryland would lead to significant tax hikes as well. With multiple studies now showing that Single-Payer would force unprecedented tax hikes on working families, Abrams owes voters an answer on how she plans to pay for her far-left scheme.
The Associated Press reports:
“Sen. Bernie Sanders’ ‘Medicare for all’ plan would increase government health care spending by $32.6 trillion over 10 years, according to a study by a university-based libertarian policy center.
That’s trillion with a ‘T.’
The latest plan from the Vermont independent would require historic tax increases as government replaces what employers and consumers now pay for health care, according to the analysis being released Monday by the Mercatus Center at George Mason University in Virginia. It would deliver significant savings on administration and drug costs, but increased demand for care would drive up spending, the analysis found.
Sanders’ plan builds on Medicare, the popular insurance program for seniors. All U.S. residents would be covered with no copays and deductibles for medical services. The insurance industry would be relegated to a minor role.
‘Enacting something like ‘Medicare for all’ would be a transformative change in the size of the federal government,’ said Charles Blahous, the study’s author. Blahous was a senior economic adviser to former President George W. Bush and a public trustee of Social Security and Medicare during the Obama administration…
The idea won broad rank-and-file support after Sanders ran on it in the 2016 Democratic presidential primaries. Looking ahead to the 2020 election, Democrats are debating whether single-payer should be a ‘litmus test’ for national candidates.”