Everybody wants to see health care costs lowered, but about the worst way to achieve that would be to pass a “Medicare for All” plan. Enacting such a scheme would be a fiscal disaster, adding upwards of $3 trillion in new spending annually and painfully-high tax burdens to finance the massive expansion of the federal government’s budget and regulatory power. This would burst the budget, necessitate European-style levels of taxation, and would only be able to control costs through government fiat.
Read full story here.