budget office revealing the true cost of the socialist policy and here to break it down is founder and ceo of the research group chris jenkins. thank you for joining us, appreciate it. healthcare spending in the us, 17.9% of gdp. the cost of medicare for all would be $32.6 trillion according to a study by george mason university and the report seems to back up those numbers. $32 trillion is a lowball estimate. the house and senate this year added a new long-term care benefit and the urban institute said that would cost $3 trillion over the next 10 years. heather: the cbo report reports the impact of implement a medicare rates and said that decline could lead to a shortage of providers, longer wait times, changes in the quality of care
saying healthcare access for all. in relation what it means it outlaws private insurance. maybe you are thinking mae my plan could be better i don t love it also outlaw all of the things that come along with private insurance that consumers generally like like an hsa or fsa. those accounts that allow to you save your own tax dollars in order to spend them on healthcare. those become prohibited under medicare for all. medicare is the first and only provider for healthcare insurance. also talking about insurance. kamala harris talk a lot about how this provides access to care to everyone. provides access to insurance not necessarily to care. that s a big discrepancy as well. ainsley: yeah. you are right. if you like your plan you can t necessarily keep it under this plan. that s right. ainsley: how about the cost? how are we going to pay for it $32.6 trillion over the next 10 years. this is another detail that proponents of medicare for all how they are going pay for the proposal. $3
listening to pollsters that are same for a while, don t say single-payer. that s where this false medicare for all message came from. they realize that when you tell people, no deductibles, no copayments, no premiums, access all the time. it all sounds wonderful into you start talking about the details. $32.6 trillion price tag on bernie s plan. over 10 years. a massive amount. now he promises lots of benefits but it hinges on him radically reducing the amount that they pay healthcare providers. there is no guarantee people would want to keep practicing medicine in the us. paul: in vermont the people s republic of vermont tried this. they looked at it a few years back when president obama was in office and they gave up the idea. tell us about it. right. i mean they gave up on the idea before it even got off the ground because it will require a huge new payroll tax
medicare and medicaid use private health insurance, not just people with employer-based plans. everyone uses them. you can t do a huge upheaval and remove it completely. we need to drive down costs and make sure the uninsured have access to healthcare. medicare for all the cost of medicare for all would be $32.6 trillion in the first 10 years. it doesn t make sense, nonsensical to think you are just going to implement healthcare for all and not rain in those costs without changing care the way they want to do it. you have 214 million people using private health insurance and 500,000 americans employed by the private insurance industry. will anyone talk about what happens? no one talks about the cost or how it would be implemented and those are big issues. a lot of bills going on, one in new york, they are trying to
senator kamala harris backing medicare for all according to a sours in her campaign and denying a report, the person in the campaign she was softening her position and eliminating private insurance would marsha blackburn with me now. what is the republican reaction on that? you know it will be a campaign issue on the left. i m telling you, just don t do it. that should be the reaction because it is too expensive to afford. $32.6 trillion over a decade. and what we know is that as you stood up obamacare, people know too expensive to use it. too expensive to afford it. and by the way, you know, bill, they ought to put the $700 billion they took out of medicare to stand up obamacare, they ought to put that money back because the medicare area wage index, a lot of pressures