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Sanders Proposes Abolishing Private Insurance, Increasing Payroll Taxes

June 28, 2019 By Richard C. Young

Lori Amos, VA’s Director for the Veterans Point of Service Program, explains to Senator Bernard Sanders (I-Vermont) (left), Chairman of the Senate Veterans Affairs Committee, and Dr. Robert A. Petzel, Under Secretary for Health (center), that kiosks enable VA Medical Centers to make better use of Veteran waiting time for updating important information, filling out clinical questionnaires, reviewing their medications and allergies and providing important information to their care providers. July 30, 2013. Photo courtesy of VA.

Bernie Sanders has a plan; it costs $2.5 trillion a year, and puts Americans’ life or death decisions in the hands of unelected bureaucrats in Washington D.C. Sound good so far? Matt Stevens of The New York Times explains some of the details of Bernie Sanders’ “Medicare for All,” plan:

Senator Bernie Sanders of Vermont introduced a bill in the Senate in 2017 that would “establish a Medicare-for-all national health insurance program.” The proposal is at the center of his policy agenda.

What is the Sanders Medicare for All Plan? 

  • Mr. Sanders’s bill is a government-run health plan that would be available to all Americans, not just older ones now in Medicare.
  • Federal spending on health care would increase by at least $2.5 trillion a year — most likely paid for by higher payroll taxes and other taxes.
  • Under Mr. Sanders’s version, private health insurance would be abolished.

Read more here.

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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