Sen. Bernie Sanders (I-VT) introduced a bill to the Senate this week that promises Medicare for all. But 30 years ago, he wasn’t feeling the same burn for the plan.
In 1987, Sanders said the kind of proposal he just made would “bankrupt the nation”:
“I’m not an expert on it, but number one, you want to guarantee that all people have access to healthcare as you do in Canada. But I think what we understand is that unless we change the funding system, and the control mechanisms in this country to do that… For example, if we expanded Medicaid — everybody, okay. Give everybody a Medicaid card. We would be spending such an astronomical sum of money that, you know, we would bankrupt the nation.”
And in much the same way, Sanders' utopian plan has no idea where the funding will come from except through yet-to-be-identified tax increases and even then, the money will have to be figured out in separate legislation. Current analysis estimates that the proposed bill would cost $32 trillion over 10 years if it passed.
So, get ready to hand over everything you’ve got just so you can say, “I have ‘free’ health care!”