Matt Bruenig: “The US could insure 30 million more Americans and virtually eliminate out-of-pocket health care expenses while saving $2 trillion in the process, according to a new report about Medicare for All released by the libertarian Mercatus Center.
In the report, Charles Blahous attempts to roughly score Bernie Sanders’s most recent Medicare-for-All bill and reaches the somewhat surprising (for Mercatus) conclusion that, if the bill were enacted, the new costs it creates would be more than offset by the new savings it generates through administrative efficiencies and reductions in unit prices.”
“At first glance, it is strange that the Mercatus Center, which is libertarian in its orientation and heavily funded by the libertarian Koch family, would publish a report this positive about Medicare for All. The claim that ‘even the Koch organizations say it will save money while covering everyone’ provides a useful bit of rhetoric for proponents of the policy.”
But the real game here for Mercatus is to bury the money-saving finding in the report’s tables while headlining the incomprehensibly large $32.6 trillion number in order to trick dim reporters into splashing that number everywhere and freaking out. This is a strategy that already appears to be working, as the Associated Press headline reads: ‘Study: ‘Medicare for all’ projected to cost $32.6 trillion.'”
Splinter: “Rep. Ro Khanna of California put what this means in the context of our current healthcare costs:”
When someone says that Medicare for all costs $32 trillion, we should mention how our current system costs $49 trillion.
Medicare for All would take the excessive costs of insurance, hospital facility fees, and prescription drugs out of the equation.
— Ro Khanna (@RoKhanna) July 30, 2018