Top economist: Bernie Sander's healthcare plan would save 5 trillion over 10 years

[Toddsterpatriot]

An Open Letter to the Wall Street Journal on Its Bernie Sanders Hit Piece

That's a far better improvement than the system now. Tell me, if you all think tnis is bullshit, why isnt Canada or other European countries being crushed under the weight of their healthcare systems?

It is said of economists that they know the cost of everything but the value of nothing. In the case of the article "Price Tag of Bernie Sanders's Proposals: $18 Trillion," this accusation is a better fit for the Wall Street Journal that published it.

The Journal correctly puts the additional federal spending for health care under HR 676 (a single payer health plan) at $15 trillion over ten years. It neglects to add, however, that by spending these vast sums, we would, as a country, save nearly $5 trillion over ten years in reduced administrative waste, lower pharmaceutical and device prices, and by lowering the rate of medical inflation.

These financial savings would be felt by businesses and by state and local governments who would no longer be paying for health insurance for their employees; and by retirees and working Americans who would no longer have to pay for their health insurance or for co-payments and deductibles. Beyond these financial savings, HR 676 would also save thousands of lives a year by expanding access to health care for the uninsured and the underinsured.

Yes, spending tens of trillions more is a sure way to save money.
Just ask all the students crushed by their student loans.
They were saved by big government.

Moron!

I don't get it. Are you not aware of the current healthcare costs over the course of 10 years?

You should look at healthcare costs before Medicare and after.
You should look at predicted Medicare spending when it was created versus actual Medicare spending.

Anyone who thinks government takeover of healthcare will give better quality at a lower price is beyond stupid.

Lol oh come on are you actually suggesting the huge drain to the private market from our current healthcare system does not matter?

It's funny that you think letting government take over would be a smaller drain.

 

[The Rabbi]

An Open Letter to the Wall Street Journal on Its Bernie Sanders Hit Piece

That's a far better improvement than the system now. Tell me, if you all think tnis is bullshit, why isnt Canada or other European countries being crushed under the weight of their healthcare systems?

It is said of economists that they know the cost of everything but the value of nothing. In the case of the article "Price Tag of Bernie Sanders's Proposals: $18 Trillion," this accusation is a better fit for the Wall Street Journal that published it.

The Journal correctly puts the additional federal spending for health care under HR 676 (a single payer health plan) at $15 trillion over ten years. It neglects to add, however, that by spending these vast sums, we would, as a country, save nearly $5 trillion over ten years in reduced administrative waste, lower pharmaceutical and device prices, and by lowering the rate of medical inflation.

These financial savings would be felt by businesses and by state and local governments who would no longer be paying for health insurance for their employees; and by retirees and working Americans who would no longer have to pay for their health insurance or for co-payments and deductibles. Beyond these financial savings, HR 676 would also save thousands of lives a year by expanding access to health care for the uninsured and the underinsured.

Obamacare was supposed to save trillions of dollars. That was the original premise. Of course it failed miserably. And we all predicted it.
Only a stupid ignorant sap could possibly believe doing more of the same would yield the opposite result. Oh wait, it's Billy we're talking about.