Comparing the Cost of Biden's, Sanders's Health Care Plans

These are the price tags of Joe Biden’s and Bernie Sanders’s health plans.

It’s worth noting that Sanders’ Medicare-for-All plan is more generous in the benefits it would offer and would shift existing payments from private insurers into the public insurance system #DemDebate

Bernie Sanders took heavy fire on his single-payer health insurance proposal, with Biden and others hammering the Vermont senator for the cost and the political palatability of effectively eliminating the existing private insurance market.

The former vice president went hardest at Sanders when the senator argued that his estimated $30 trillion cost over a decade is cheaper than the “status quo,” which he put at $50 trillion — with most of the money being what Americans spend privately on premiums, co-pays and out-of-pocket costs. Sanders’ argument is that most U.S. households would pay less overall under his system, even if their taxes go up.

Biden roared that Sanders would effectively be handing Americans a pay cut, arguing employers who now pay a share of workers’ premiums would pocket that money instead of giving workers raises if the government were to cover all health care costs. Biden punctuated the point with one of the quotes of the night: “For a socialist, you’ve got a lot more confidence in corporate America than I do.”

Buttigieg piled on Sanders, too. Buttigieg said he “trusts the American people to make the right decision” between private insurance and a public option. “Why don’t you?” he asked Sanders.

Follow TicToc on Twitter:
Like TicToc on Facebook:
Follow TicToc on Instagram:
Subscribe to our newsletter:

TicToc by Bloomberg is global news for the life you lead. We are a 24/7 news network that covers breaking news, politics, technology, business and entertainment stories from around the globe, supported by a network of Bloomberg’s 2,700 journalists across 120 countries.

Post Author: hatefull