Mr. Trump noted in his op-ed that the plan would cost the federal government $32.6 trillion over 10 years.
That figure is from an analysis by the Mercatus Center’s Charles Blahous, a respected researcher and a former Social Security and Medicare trustee who sometimes writes for us. His findings are in the ballpark of every serious analysis.
.. That spending figure amounts to 10.7% of GDP in 2022
.. National defense—routinely derided as too expensive and wasteful—is a mere 3% of GDP today.
.. As in every socialist system, the real “savings” would come from price controls and wait lists for many health-care services. Have a cold? Come on in. A hip replacement or breast reconstruction? Get in line.
.. Maybe Democrats should have looked at the results in Vermont when Bernie’s home state tried to set up single payer. A Democratic Governor abandoned the idea in 2014 once he was looking at an 11.5% payroll tax, plus a 9.5% income tax, and more increases to come.
.. Progressives couldn’t even get single payer up and running for about 625,000 people in a state with a decent health profile. In 2016 nearly 80% of voters rejected a referendum to set up single payer in Colorado.
.. The GOP ideas that would cover pre-existing conditions include high-risk pools that subsidize tough-to-insure patients directly.