Last fall, the Wall Street Journal reported that Bernie Sanders would add $18 trillion to America’s national debt. Now a second study has confirmed that. Additionally, the new study claims Bernie’s healthcare plan alone would cost over $30 trillion in just ten years.
The Associated Press reports:
Study: Sanders’ economic plan piles $18T on federal debt
Sen. Bernie Sanders’ tax and spending proposals would provide new levels of health and education benefits for American families, but they’d also blow an $18-trillion hole in federal deficits, piling on so much debt they would damage the economy.
That sobering assessment comes from a joint analysis released Monday by the nonpartisan Urban-Brookings Tax Policy Center and the Urban Institute Health Policy Center, well-known Washington think tanks.
Democratic presidential candidate Sanders would raise taxes by more than $15 trillion over 10 years, with most of that paid by upper-income earners.
But that wouldn’t be enough to cover the cost of his proposed government-run health care system, along with free undergraduate college, enhanced Social Security, family and medical leave, among other new programs. The cost of the health care plan alone is more than $30 trillion, according to the study…
Health care is the most ambitious and costliest part of Sanders’ plan. His new “single-payer” government-run health care system would incorporate all private insurance, Medicare, Medicaid, and President Barack Obama’s health coverage expansion into a new program. Everyone would be covered. There would be no insurance premiums, deductibles or copayments. Long-term care would be covered, as would most dental, vision and hearing care.
“It would be significantly more generous than current-law Medicare or typical private insurance,” the analysis said.
With more generous benefits, and without copayments and deductibles, the analysis projects that individuals would use more health care services, growing the nation’s overall health care tab.
All told, the Sanders health care plan would cost about $32 trillion over 10 years.
Our national debt is already out of control.
Bernie Sanders would clearly make the problem worse.
