US Taxes Would Be Doubled To Pay for *Medicare for All*
Presidential candidates on the left are campaigning for ‘Medicare for all,’ which is single-payer government subsidized healthcare, that has a price tag of $32.6 trillion over 10 years. Seth Denson, a healthcare expert, says that the US takes in $3.6 trillion in taxes per year and would need to double taxes in order to pay for Bernie Sanders’ single-payer healthcare. State-funded healthcare would eliminate insurance and about three million jobs in the insurance industry and related businesses. Polls show that 71% of Americans favor the single-payer modal when they are told that it guarantees insurance for all, but support drops to only 37% when people are told that the single-payer model will increase taxes.
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