Medicare for None: Shaheen backs bankruptcyEDITORIAL
August 08. 2018 11:16PM
With the nation’s entitlement programs speeding toward bankruptcy, New Hampshire Sen. Jeanne Shaheen wants to step on the gas.
Last fall, Shaheen signed on to Vermont Sen. Bernie Sanders’ “Medicare for All” Act. That’s something even retiring radical Carol Shea-Porter has so far found too extreme.
Sanders claims that covering every American under the increasingly unstable Medicare program would bring down health care costs. Charles Blahous of the Mercatus Center decided to test Sanders’ claims.
Blahous calculates that “Medicare for All” would increase federal health care spending by more than $32 trillion over its first 10 years.
Keep in mind that this estimate is under Sanders’ best-case scenario, which assumes the federal government would save money by cutting reimbursement rates by 40 percent.
Health care providers are already claiming that Medicare and Medicaid reimbursement rates are too low. These entitlement programs have always been propped up by patients paying through private insurance. Moving everyone under Medicare would eliminate this cross-subsidy, and cause costs to skyrocket far higher than $32 trillion.
Shaheen has sponsored a plan that would quickly bankrupt Medicare, forcing massive tax increases and rationing of medical care. It is a path toward Medicare for None.
Democratic Congressional candidate Chris Pappas this week touted Shaheen’s endorsement of his campaign. Does Pappas share Shaheen’s support for this radical, reckless bill?