The projected multitrillion-dollar cost of 'Medicare for All' has pitted Democratic presidential candidates against each other — but the current system may cost trillions more in the long run and be less effective in saving lives
The projected multitrillion-dollar cost of "Medicare for All" has pitted Democratic presidential candidates against each other as they argue about the feasibility of single-payer health care.
With Medicare for All and its price tag likely to come up in the next Democratic debate Jan. 14 in Iowa, here are five of the costliest consequences of inaction:that nationwide health spending will hit $6 trillion a year by 2027 absent any changes in law. That would be nearly a fifth of the economy. In total, the United States is slated to spend about $52 trillion over the coming decade.
An aging population is driving up Medicare spending, but the rising cost of private insurance is the biggest factor. A recent Kaiser Family Foundation
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