"With Democrats becoming increasingly ambitious in
their policy goals, Republicans believe they have a killer answer to any
new proposal: How are you going to pay for it?
The
fact that this question is asked in complete bad faith — the GOP is the
party that recently passed a $1.5 trillion tax cut for corporations and
the wealthy without bothering to pay for it — doesn’t mean it can’t be
effective. And one reason is that it will probably also be asked by the
Washington media, people who as a group are enthusiastic deficit scolds,
at least when it comes to programs that actually benefit ordinary
people."
Opponents to universal health care (Medicare for all) claim it will cost $40 million (in next 10 years) that we don't have. Waldman reports:
"This $50 trillion number comes from the most recent projections
by the Centers for Medicare and Medicaid Services, which say that
America will spend $3.7 trillion on health care this year, a figure that
will increase by 5 to 6 percent per year in the coming years. Their
projections go only to 2026, so I extended them out two years, assuming a
6 percent increase per year, to reach a full decade from 2019 to 2028.
When you add the numbers up, you get $50.3 trillion over the next 10
years. That’s what we’re going to spend if we change nothing."
So, our choice is to pay $50 trillion on our current broken system or $40 trillion on a system that covers all Americans.
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