May. 17, 2019
Side Effects of Medicare-for-All [UNIVERSAL HEALTH COVERAGE ?]
WASHINGTON, D.C. – The House Budget Committee will hold a hearing next week on a recent Congressional Budget Office (CBO) report detailing the risks of imposing a one-size-fits-all, government-run health care system, as Democrats’ multi-trillion-dollar Medicare-for-All proposal would do.
While the CBO report did not identify a price tag, as other independent analyses have done, it did warn that one-size-fits-all health care proposals could have serious side effects. For example, as news outlets have reported, Medicare-for-All is expected to:
- “‘Substantially’ increase government health care spending.” – Politico Pro
- “Overtax hospitals and clinicians while imposing hefty new costs.” – Modern Healthcare
- “Entail new taxes, including income taxes, payroll taxes, or consumption taxes.” – Associated Press
- “Produce … higher government spending and taxes — and potentially longer waits for some treatments and technologies.” – Washington Post
- “Lead to massive tax increases … less access to care.” – Washington Examiner
- “Largely replace private and employer insurance coverage with a single government program for everyone.” – Wall Street Journal
As the side effects become clearer, editorial boards are sounding alarm bells:
- “What stands out is the utter impracticality of getting from where things stand today to what [Democrats propose].” – USA Today
- “Honest private estimates suggest [paying for Medicare-for-All] would take at least a doubling of individual and corporate taxes … cutting payments to doctors and restricting care.” – Wall Street Journal
- “It’s good to follow the money trail of ‘Medicare for all,’ … because it leads us to the true cost, which is the loss of freedom.” – Washington Examiner
- “It could also discourage talented people from entering the medical profession and result in long wait times for care.” – Washington Post
- “There are a couple of major problems … The first problem is money.” – Chicago Tribune
To learn about some of the risks CBO outlines in its report, click HERE.
To learn more about the Democrats’ one-size-fits-all health care plan, click HERE.
To learn about Democrats’ plan (or lack thereof) to pay for their government takeover of health care, click HERE.
Questions? Call 202-226-7270 or email Budget.Republicans@mail.house.gov