Senator Bernie Sanders' "Medicare for all" plan would boost government health spending by $32.6 trillion over 10 years, requiring historic tax hikes, according to a study released Monday by a university-based libertarian policy center.
The latest plan from Vermont’s independent senator would deliver significant savings on administration and drug costs, but increased demand for care would drive up spending, according to the analysis by the Mercatus Center at George Mason University in Virginia. Doubling federal individual and corporate income tax receipts would not cover the full cost, the study said.
Responding to the study, Sanders took aim at the Mercatus Center, which receives funding from the conservative Koch brothers. Sanders said in a statement. "This grossly misleading and biased report is the Koch brothers response to the growing support in our country for a 'Medicare for all' program." A spokesman said Sanders' office has not done a cost analysis.
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