Sorry, Bernie fans. His health care plan is short $17,000,000,000,000

[factfinder_77]

&w=1484


Sen. Bernie Sanders has proposed paying for his proposals to transform large sectors of the government and the economy mainly through increased taxes on wealthy Americans. A pair of new studies published Monday suggests Sanders would not come up with enough money using this approach, and that the poor and the middle class would have to pay more than Sanders has projected in order to fund his ideas.

The studies, published jointly by the nonpartisan Tax Policy Center and the Urban Institute in Washington, concludes that Sanders's plans are short a total of more than $18 trillion over a decade. His programs would cost the federal government about $33 trillion over that period, almost all of which would go toward Sanders's proposed system of national health insurance. Yet the Democratic presidential candidate has put forward just $15 trillion in new taxes, the authors concluded.

In principle, national health insurance could make many families better off overall, without imposing unsustainable burdens on the federal budget. For the system to work in terms of dollars and cents, though, the benefits would have to be less generous than they are in the system Sanders has proposed, or the taxes would have to be more onerous for the middle class, as they are in many European countries.

https://www.washingtonpost.com/news/wonk/wp/2016/05/09/the-17-trillion-problem-with-bernie-sanderss-health-care-plan-2/

No suprise there.

[factfinder_77]

2. Its according to the nonpartisan Tax Policy Center and the Urban Institute in Washington

And that is Cherry picking the facts...

[Loudestlib]

11. Republican talking points are great.

[hollysmom]

3. and how much debt do we have the the Iraq war? was that a better spend of resources?

I didn't vote for that waste of money the gift that keeps on giving. (debt)

[insta8er]

4. Sorry America, no money for Healthcare or Education..but we have money for war!

And plenty of it, especially since Madam President will make sure she has a robust foreign policy.

[factfinder_77]

7. Fact is, Sanders proposals does not match up by reality. Its pure fiction.

&w=1484

[insta8er]

8. In a lot of countries this system works, and saves people money.

Only in the US is something like this more costly. I wonder how much big pharma has contributed to the so called "research" that has been done. What however is more worrying is the people that would actually help their personal bottom line are being lined up to be against it. Remember the obamacare debate? death panels, and debt till the horizon. It looks like we are being set up again for something like that. Keep drinking it!

[Hare Krishna]

5. Massive Pinocchio Alert!

That study is worth 100,000,000,000 Pinocchios.

[AgingAmerican]

6. It's cheaper than what we have now

Thanks for posting that GOP talking point!

Thanks for playing!

[factfinder_77]

10. So facts is GOP talking points...well done.

Warren Gunnels, Sanders's policy director, disputed the findings in a statement, saying a national health insurance system would be more efficient.

"This study significantly underestimates the savings in administration, paperwork, and prescription drug prices that every major country on earth has successfully achieved by adopting a universal health care program," he wrote.

"The fact of the matter is that the U.S. spends far more per capita on health care with worse health outcomes than any major country on earth. And unlike every major country on earth over 28 million of our people are still uninsured," Gunnels added. "If every other major country can spend less on health care and insure all of their people, so can the U.S."

Economists would generally view Sanders's proposals "as basically hurting the economy, potentially significantly," Leonard Burman, director of the Tax Policy Center, told reporters. "It pushes up the cost of borrowing for businesses. It makes it harder for people to buy their own homes."

Burman added that it might be impossible to get the money for Sanders's plans by further increasing taxes on the rich, who would already pay steep rates under the plans the senator from Vermont has advocated.

These households have substantial wealth that supporters of Sanders's ideas might want to use toward funding his ideas. Yet they might respond to additional increases in taxes beyond what Sanders has proposed by, say, investing less or retiring early, producing less income for the government to tax.

Households with more than $10 million a year would pay a marginal rate of 54.2 percent on additional income under Sanders's proposals. Among the richest 1 in 100 households, the marginal tax rates on capital gains would reach nearly 60 percent, the Tax Policy Center previously concluded, depending on the type of investment.

Those rates have to be close to the highest levels they could be assessed without starting to lose revenue," Burman said.

Sanders propose raising more in taxes from the middle class. Given the value of the benefits they would be receiving, doing so could still leave them in the black on paper.

"It's likely, given how large the benefits are for many people, that they would still be better off on net," Burman said.

On the whole, Sanders's plan would require more in new taxes than Americans currently spend on health care. Sanders's goal is to offer national health insurance that is more generous than many Americans' current policies, and to extend insurance include the roughly 28 million people who are still uninsured, according to the Urban Institute.

[AgingAmerican]

12. This is a GOP talking point

And it's cheaper than what we have now, and as such it is less expensive.

But don't let that stop you.

Top Economist Says Bernie’s Plan Will Actually SAVE the US $5 Trillion

[opiate69]

17. "facts is"...

[Trust Buster]

9. Hillary will improve the ACA. No need for Sanders' voodoo economics.

[Rosa Luxemburg]

15. Yet more money will go to the health insurance companies

they must be happy

[CentralCoaster]

13. Nice RW talking point ya got there.

"Fact finder"!

[cherokeeprogressive]

14. And you're the third one...

http://www.democraticunderground.com/?com=view_post&forum=1251&pid=1931121

[Electric Monk]

16. Ridiculous Assumptions Yield Ridiculous Estimates

http://www.democraticunderground.com/10141443701

http://www.huffingtonpost.com/david-himmelstein/the-urban-institutes-attack-on-single-payer-ridiculous-assumptions-yield-ridiculous-estimates_b_9876640.html


and Obvious Trolls™ are obvious.