Sunday, January 12, 2020

DEMAND ANSWERS FROM YOUR DEMOCRAT-SUPPORTING FRIENDS!


MEDICARE FOR ALL

With the 2020 race heating up, it’s important to note that the Democrats’ biggest fiscal plank, now embraced by ALL remaining candidates, is “Medicare for all”. Yes…..the single payer healthcare system.

Interestingly, though ALL Democrat candidates are on board, not one of them has dared explained the cost, other than vaguely tying it to another of their fiscal planks, “soak the rich”.

So, always being a ‘happy to help’ kind of guy, *I* will take a look at the numbers. Let’s see, based on today’s actual budget, what “Medicare for all” will cost American tax payers.

First, some relevant numbers and their sources:

Medicare: $582 billion (CBO, 2018 Federal Budget)
Medicaid: $389 billion (CBO, 2018 Federal Budget)
C.H.I.P.: $12 billion (CBO, 2018 Federal Budget)

Total revenues: $3.3 trillion (CBO, 2018 Federal Budget)

Number of Medicare recipients: 44 million (AARP)
Number of Medicaid recipients: 64 million (Medicaid.gov)
Number of CHIP recipients: 6 million (Medicare.gov)

Population of the United States, 2018: 327.2 million (US Census)

Let’s crunch some numbers….

Based on the 2018 budget, the cost, per recipient, of healthcare, was $8,623.00 (rounded to nearest dollar).

Adjusted to the total population (excluding illegals, of course), the total cost of healthcare would be $2.82 trillion.

In other words: 

with a Federal revenue of $3.3 trillion (2018), healthcare, alone, would comprise 85% of the entire budget.