Sen. Elizabeth Warren’s new Medicare for All plan proves P.J. O’Rourke was right: If you think health care’s expensive now, just wait ’til it’s free.
Never mind expensive, Warren’s plan isn’t even workable. It would bury America in historic new taxes, leave health providers scrambling and likely push budget deficits to peacetime-records.
Start with the chutzpah of a politician and her team of elite college professors spending three weeks redesigning a fifth of the US economy.
Six years ago, Washington failed to design a functioning ObamaCare Web site, but now the best and brightest are going to shepherd 330 million Americans into a top-down, centrally planned health system. Hey, what could go wrong?
ObamaCare was promoted as a trillion-dollar path to health insurance for all Americans, and lower costs. Today’s liberal momentum for Medicare for All is an admission that it failed, even as the planners tell us to trust them to get it right this time.
Warren’s plan begins with the $52 trillion in national health expenditures currently projected for the next decade. Universal “free” health care without premiums or copayments is estimated to add $7 trillion in new demand, pushing expenses to $59 trillion. The senator would pay this tab (equal to the size of the entire federal government) in four parts, each about as plausible as fairy dust.
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