Sanders discovers the 1947 National Health Service & What is to be done? @RichadAEpstein @HooverInst

Sep 23, 2017, 02:00 AM

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Sanders discovers the 1947 National Health Service & What is to be done? @RichadAEpstein @HooverInst

This past week, Senator Bernie Sanders of Vermont proclaimed in a New York Times op-ed that the time has come to create a program of “Medicare for all,” a government-run single-payer healthcare system that would over a four-year period displace all existing private healthcare plans. His new program, rightly denounced as delusional, purports to provide to over 325 million Americans coverage that would be more extensive and costly than the rich benefits supplied to the 55 million Americans on Medicare—which itself teeters on the edge of insolvency. Sanders proposes to fund his new plan with a variety of heavy taxes on productive labor and capital, without noting that his program will cut into the very tax revenues needed to support such a system. Incentives matter, even in la-la land…

http://www.hoover.org/research/fatal-allure-single-payer