Knowledge@Wharton February 22, 2019
After Vermont senator Bernie Sanders announced on Tuesday that he would run in the 2020 presidential election, the spotlight has shifted to his two-year-old universal health insurance plan. Sanders had introduced his “Medicare for All” bill in October 2017, and it was among the most popular in public polls out of eight health care bills that were introduced in the previous Congress term, according to a Kaiser Family Foundation study.
The Sanders plan envisages a single payer health care system, where the federal government provides universal coverage to all Americans. Under this plan, Medicare and Medicaid would go away — in name at least — with some exceptions for elective procedures. Studies show that costs could be between $25 trillion...
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