The budget resolution, enabled by Republicans, would mean the largest expansion of government in the health care arena since Obamacare.
Democrats are now pushing to expand the financially-troubled Medicare program. Unfortunately, the annual Trustees report on its finances is more than three months overdue.
Even if we were to abolish the Pentagon and zero out defense spending, it wouldn’t even cover one-sixth of the cost of sustaining a Medicare for All system.
To save money, a ‘public option’ would need to set payment rates by fiat and force health-care providers to take them.
Extracting significant savings by reducing drug prices would limit innovation, the CBO concluded.
Prohibiting profit in health care would leave people suffering from conditions that would have been alleviated or cured by private-sector innovation.
The cost is steep in part because of a fiscal benefit that illegal immigrants generate- namely, free contributions to our entitlement programs.
Cutting Medicare payments for prescription drugs would hurt seniors and slow drug development in the process.
Entitlement trust funds are running out and the debt is exploding.