I don't think Sanders' medicare for all is the answer as he has it. There is the fact that streamlining the administration of healthcare would greatly reduce costs. Healthcare costs are increasing and his plan might cut costs in other ways. Insurance company administration drive up costs. Meds would be less expensive. It is a plan but not the answer imho.
That said, there is also a report that costs would fall:
Did a study show big savings for Sanders' Medicare for All?
In this article, we’ll look at something much more narrow: whether Sanders is right that the Mercatus report says that single-payer would save the United States $2 trillion in health care outlays.
In a way, Sanders is right, though his assertion glosses over some caveats.
Where the $2 trillion estimate comes from
The Mercatus report included a table summarizing the financial effects of Sanders’ bill. With a minimum of arithmetic, it’s not hard to find the $2 trillion in question.
It’s the difference between the
Department of Health and Human Services’ projection of the amount of total health care spending in the United States, and what Mercatus thinks that number would be under Sanders’ Medicare for All proposal. (
See Table 2.)
Under Mercatus’ projection for Medicare for All, the total amount of health expenditures would actually fall compared to what is expected under a continuation of the current system.
Specifically, total health care expenditures would fall by $2.054 trillion over 10 years, according to Mercatus.
So there’s definitely something to what Sanders said.
However, there are problems. Medicare for all as Bernie wants is an idea but it needs to be looked at closer. Trump was i
naccurate when he said all Dems are united behind Bernie's plan. They are not.