“Medicare for all,” the universal single-payer healthcare system increasingly popular among Democrats, would cost taxpayers an extra $32 trillion over a decade under the most optimistic scenario, it was estimated this week. Debate ensued over whether that means “Medicare for all,” as drafted by Sen. Bernie Sanders, would cut overall healthcare spending, or whether the assumptions that produced the $32 trillion figure involved unrealistic assumptions about cuts in payments to doctors and providers.
The Left has also been debating ideas such as government offering a job at $15 an hour plus benefits to anyone who asks for it. Some say this would cost half-a-trillion a year. Others say it will massively reduce Medicaid and food stamp payments, and thus partially pay for itself.
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