Economics21

search
Close Nav

The $32 Trillion Question That ‘Medicare for All’ Advocates Will Never Answer

commentary

The $32 Trillion Question That ‘Medicare for All’ Advocates Will Never Answer

October 10, 2018

On Monday, House Speaker Paul Ryan declared that the Democrats’ embrace of single-payer health care—often called Medicare for All—shows that the party has “gone off the rails.”

While liberals will surely dismiss the speaker’s comments, the leading proposals do suffer from a potentially fatal Achilles’ heel: They would create the largest government debt burden in world history. Specifically, Sen. Bernie Sanders’ Medicare for All Act, as written, would add $32 trillion in debt over the decade, and as much as $170 trillion over 30 years.

Read Brian Riedl's full op-ed in The Daily Beast here.

Brian Riedl is a senior fellow at the Manhattan Institute and a member of E21. Follow him on twitter here.

Interested in real economic insights? Want to stay ahead of the competition? Each weekday morning, e21 delivers a short email that includes e21 exclusive commentaries and the latest market news and updates from Washington. Sign up for the e21 Morning eBrief.

© Michael Quirk / Getty

e21 Partnership

Stay on top of the issues that matter to you most

By clicking subscribe, you agree to the terms of use as outlined in our Privacy Policy.

 

 

ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
Close