Last week, left-wing politicians, activists and columnists gleefully rejoiced that they had unlocked the easy path to single-payer health care in America: Just cut reimbursement payments to health providers by 40 percent and then raise taxes by $32 trillion over the decade. You know, nothing difficult or controversial.
These liberals are cheering — and broadly misinterpreting — a new report by Charles Blahous of the Mercatus Center. The report’s purpose was to estimate the cost of Sen. Bernie Sanders’ recent “Medicare-For-All” health plan.
Blahous estimates that, in the fantasy world of this proposal, projected national health spending over the 2022-2031 period would dip from $60 trillion to $58 trillion. However, by nationalizing health care, the share of health spending paid by the federal government — and our federal taxes — would rise by $32.6 trillion.