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Sen. Bernie Sanders (I-Vt.) introduced new legislation yesterday to expand Medicare to everyone in the United States. The bill, which came with 15 Democratic co-sponsors, envisions universal coverage, paid for by tax increases, that would be far more generous than what is offered by any other first-world government-run health care system offers.

Notably absent from Sanders' proposed single-payer system was a detailed plan to pay for it. The senator said he would lay out the tax hikes necessary to fund his new system in separate legislation.

That may be because enthusiasm for single payer tends to die down pretty quickly once people get a sense of what sort of tax increases would be necessary to fund it. An Urban Institute analysis of a previous version of Sanders' plan estimated that it would cost $32 trillion over a decade.

Back in 1987, a much younger Bernie Sanders apparently had that sense too. He warned that expanding Medicaid, the jointly run federal-state health care program for the poor and disabled, to everyone in the country would "bankrupt the nation."

"If we expanded Medicaid [to] everybody. Give everybody a Medicaid card—we would be spending such an astronomical sum of money that, you know, we would bankrupt the nation."

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http://reason.com/blog/2017/09/14/bernie...or-all-bankrupt