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Wed Sep 16, 2015, 12:06 PM

 

Bernie Sanders just slammed a report that claimed his proposals would cost a monstrous $18 trillion

Sen. Bernie Sanders (I-Vermont) is pushing back on the eye-popping estimated price tag of his progressive wish list of proposals he has offered on the campaign trail.

The Wall Street Journal reported in a front-page story on Tuesday that Sanders' proposals would total around $18 trillion over 10 years, which the publication said would amount to the "largest peacetime expansion of government in modern American history."

That would include an estimated $15 trillion over a decade for a revamping of the federal healthcare system to a government-run, "Medicare for all" single-payer approach.

In an appearance on MSNBC Tuesday, Sanders disputed The Journal's total. He argued that the paper did not take into account the spending reductions that would come with the enactment of a single-payer-type healthcare plan.

"That is not the reality. We will be responding to The Wall Street Journal on that," Sanders told MSNBC's Andrea Mitchell of the overall estimate.

"I think most of the expense that they put in there, the expenditures have to do with the single-payer healthcare system," he continued. "They significantly exaggerated the cost of that, and they forgot to tell the American people in that article that that means eliminating the costs that you incur with private health insurance."

Sanders, right now the main Democratic challenger to presidential front-runner Hillary Clinton, has not released a detailed healthcare plan as of yet. The Journal relied on an analysis of similar legislation proposed by Rep. John Conyers (D-Michigan) and sponsored by 44 other House Democrats.

The analysis, which was conducted by University of Massachusetts at Amherst economist Gerald Friedman, would "require $15 trillion in federal spending over 10 years, on top of existing federal health spending," according to The Journal.

But the analysis has also been cited favorably by progressive advocates of a single-payer healthcare system, who note that Conyers' bill would purportedly save nearly $600 billion annually by eliminating administrative waste in the private-insurance industry and cutting prices of pharmaceutical medicine.

"In 2014, the savings would be enough to cover all 44 million uninsured and upgrade benefits for everyone else. No other plan can achieve this magnitude of savings on health care," Friedman wrote in his 2013 analysis.

The Washington Post's Paul Waldman backed up Sanders on some of his criticism. As Waldman pointed out, the US currently spends about $3 trillion a year and will spend close to $42 trillion over the next decade on healthcare. He argued that Sanders' proposal wouldn't add on to that total, but rather reallocate the way the US spends money on healthcare.

"By the logic of the scary $18 trillion number, you could take a candidate who has proposed nothing on health care, and say, 'So-and-so proposes spending $42 trillion on health care!' It would be accurate, but not particularly informative," Waldman wrote.

http://finance.yahoo.com/news/bernie-sanders-just-slammed-report-200233459.html?soc_src=mediacontentstory&soc_trk=tw

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Reply Bernie Sanders just slammed a report that claimed his proposals would cost a monstrous $18 trillion (Original post)
Playinghardball Sep 2015 OP
Human101948 Sep 2015 #1
merrily Sep 2015 #3
daleanime Sep 2015 #9
cantbeserious Sep 2015 #2
merrily Sep 2015 #4
villager Sep 2015 #5
cascadiance Sep 2015 #6
pa28 Sep 2015 #7
SoapBox Sep 2015 #8
Enthusiast Sep 2015 #10

Response to Playinghardball (Original post)

Wed Sep 16, 2015, 12:09 PM

1. Our healthcare costs are nearly double every other developed country with much worse outcomes

 

http://www.theatlantic.com/health/archive/2014/06/us-healthcare-most-expensive-and-worst-performing/372828/

The United States healthcare system is the most expensive in the world, but when it comes to health outcomes, it performs worse than 11 other similar industrialized nations, according to a new report released today by the Commonwealth Fund.

The nonprofit examined the health systems of Australia, Canada, France, Germany, the Netherlands, New Zealand, Norway, Sweden, Switzerland, and the United Kingdom, and it found that the U.S. was last or near-last in measures of health access, efficiency, and equity.

Simple solution--adopt the most efficient and effective practices of those other systems and claim we invented it! It would save trillions over the next decade.

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Response to Human101948 (Reply #1)

Wed Sep 16, 2015, 12:19 PM

3. +1

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Response to Human101948 (Reply #1)

Wed Sep 16, 2015, 01:29 PM

9. Hell yes....

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Response to Playinghardball (Original post)

Wed Sep 16, 2015, 12:14 PM

2. Corporate Insurance And Corporate Parma Fighting To Keep Their Monopoly Alive

eom

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Response to Playinghardball (Original post)

Wed Sep 16, 2015, 12:21 PM

4. "Not the reality." I have a feeling that will be true of a lot of the things we read between now and

Super Tuesday.

BTW, a newspaper printing something without getting comment from the target of an article is piss poor journalistic ethics.





Bette Davis, as Margo Channing in All About Eve

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Response to Playinghardball (Original post)

Wed Sep 16, 2015, 12:27 PM

5. Aw, that will bother many here who love gleefully/bitterly reposting Murdoch-spawned "news"

 

...stories.

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Response to Playinghardball (Original post)

Wed Sep 16, 2015, 12:46 PM

6. Well, if the wealthy are complaining about losing $18 trillion with his policies...

 

... since he's not going to have the government lose money if his revenue generating policies are instituted alongside his taxing policies, then perhaps the wealthy should also not mind when we complain about how the policies they've PAID our politicians to put in place over the last few decades have cost US far more than this amount in our salaries, savings, and wealth too when they've STOLEN our wealth and lives literally over the last few decades with what they'd bought our government to put in place. What goes around comes around! Suck on it 1%ers!

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Response to Playinghardball (Original post)

Wed Sep 16, 2015, 01:03 PM

7. "Forgot to tell . . . "

No they didn't forget. Leaving readers with the impression Bernie's plan represents 15 trillion in new expenses on top of what they already pay for health insurance was the whole point.

They deliberately misled and distorted.

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Response to Playinghardball (Original post)

Wed Sep 16, 2015, 01:20 PM

8. BOO!

First of many scary Murdoch stories to come.

And I love $18 TRILLION!!!! ...oh, over 10 years.

Pukes and Baggers could waste that much in a heartbeat.

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Response to Playinghardball (Original post)

Thu Sep 17, 2015, 05:55 AM

10. Kicked and recommended a whole bunch!

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