Medicare for all will not save millions of dollars

  • Medicare for All would save the American people $2 trillion over a 10-year period. … according to the Mercatus Center.
  • [inlinetweet prefix=”” tweeter=”” suffix=””]Those savings are not guaranteed, and the lack of a monetary incentive for patients to hold back on services could lead to increased use of the system, adding to the overall cost.[/inlinetweet]
  • It assumes that provider payment will be reduced to Medicare levels, that negotiation with prescription drugmakers will generate significant savings, and that administrative costs will be cut from 13 to 6 percent.
  • However,[inlinetweet prefix=”” tweeter=”” suffix=””] in an alternative scenario in which cost-control works less effectively  Mercatus found that over the same 10-year period, national health expenditures would actually increase by $3.252 trillion compared to current law.[/inlinetweet]

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