By Daniel Nguyen Bernie Sanders, Last night at the CNN Democratic Presidential Town hall answered questions from moderator Chris Cuomo. The topic? You guessed it... HEALTHCARE.. Answering Cuomo's question on criticism about raising taxes, Sen. Sanders reaffirmed that in fact he will raise taxes to rid the country of it's private healthcare system, paving the way for free healthcare for every single American. Sounds like a great idea right? Every American should have healthcare...But is the future cost worth the coverage? Lets take a look.. Sanders' Proposal would effectively abolish the private health insurance industry, including companies like UnitedHealth Group, Aetna, and Anthem. It would charge the government with designing and administering a universal, comprehensive insurance product that would cover "the entire continuum of health care, from inpatient to outpatient care; preventive to emergency care; primary care to specialty care, including long-term and palliative care; vision, hearing and oral health care; mental health and substance abuse services; as well as prescription medications, medical equipment, supplies, diagnostics and treatments." Berniecare would also abolish cost-sharing by patients; i.e., no co-pays, deductibles, or coinsurance payments, and minimal premiums. "No more fighting with insurance companies when they fail to pay for charges," says Sanders. While Sanders bills his plan as "Medicare for all," it bears little resemblance to Medicare, which does in fact require premiums and cost-sharing from its enrollees, though this cost-sharing is heavily subsidized by younger taxpayers. In addition, Medicare does not cover every category of health care service, nor does it cover catastrophic health care needs. As Ezra Klein notes , "The list of what Sanders's plan would cover far exceeds what Medicare offers, suggesting, more or less, that pretty much everything will be covered, under all circumstances." Berniecare would increase total federal spending by at least 55% From The CBO Baseline of $51,388 To $79,668 Warren Gunnels, Sanders' policy director, retained Gerald Friedman , an economist at the University of Massachusetts at Amherst, to come up with a fiscal score of the Sanders plan. Friedman estimates that the plan would require $13.8 trillion in new government spending in the decade spanning 2017 through 2026. But that estimate is misleading, for reasons I'll outline below. (Bear with me; this section and the next one have a lot of numbers.) The Centers for Medicare and Medicaid Services estimate that national health care spending from 2017-26 will approximate $47.4 trillion. $13.6 trillion of that is spent by the federal government and $8.4 trillion by state and local government; the remainder is spent directly by private businesses ($9.2 trillion) and individuals ($12.8 trillion). Friedman, the UMass economist, believes that the Sanders plan will reduce national health care spending by $6.3 trillion, presumably by some combination of rationing care and government price controls, though these aren't specified. Sanders misleadingly implies that his plan wouldn't require rationing ("No more fighting with insurance companies"), but a footnote in the Friedman memo indicates that Berniecare would fail to cover "20% of out-of-pocket spending" because it is "deemed not medically necessary." So Again Ask Yourselves...Is the cost really worth the coverage? Shout off Below Let Me Know What You Guys Think..

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We Will Raise Taxes..Yes We will

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