Bernie's Single-Payer Implosion - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 23, 2017 Newswires
Share
Share
Post
Email

Bernie’s Single-Payer Implosion

Targeted News Service (Press Releases)

WASHINGTON, June 22 -- The National Republican Senatorial Committee issued the following news release:

Senate Democrats have refused to offer practical alternatives to Obamacare's devastating fallout. But, among the few completely impractical ideas put forward by the left is socialist Senator Bernie Sanders' proposal for a single-payer health care system - a plan that would increase Federal expenditures by a total of $32 trillion over a ten-year period.

Last month the Urban Institute, a non-profit economic policy research organization, released a report outlining Senator Sanders' single-payer health care plan - and the results were startling. Under Sanders' proposal, all Americans would be covered by a single, government-run insurance program, making all private and public coverage programs a responsibility of the Federal Government and of American taxpayers.

Here are just a few of the estimated costs of Bernie's single-payer plan as detailed in the report:

* Acute care for the non-elderly, those otherwise enrolled in Medicare, and long-term support would increase national health care spending by $6.6 trillion between 2017 and 2026.

* All state and private expenditure burdens would fall on the Federal Government, increasing Federal expenditures by a total of $32 trillion over a ten-year period.

* Though advocates argue Sanders' proposal could save private employers money, the Urban Institute's analysis shows the total cost of a single-payer plan still costs $16.6 trillion more than potential private sector savings.

It's clear Sanders' plan would have devastating impacts on the American economy and place unrealistic financial burdens on the American people. These kind of off-base proposals, in coordination with Senate Democrats' unfaltering grasp on Obamacare's failures, are a prime example of liberal obstruction. In total, the single-payer plan is anything but a legitimate alternative to Obamacare.

"It's clearer than ever that Americans need a realistic alternative to Obamacare, and that Democrats have no serious solutions," said NRSC Communications Director Katie Martin. "Instead of playing partisan, political games, Senate Democrats should work to fix the damage that their Obamacare has inflicted on our health care system."

Older

Senate Republicans’ So-Called ‘Health Care’ Bill Imposes Even Deeper Cuts to Medicaid, Cuts Taxes for the Wealthy

Newer

Pa. officials react to Senate GOP health care bill

Advisor News

  • Trump bets his tax cuts will please Las Vegas voters on his swing West
  • Lifetime income is the missing link to global retirement security
  • Don’t let caregiving derail your clients’ retirement
  • The ‘magic number’ for retirement hits $1.45M
  • OBBBA can give small-business clients opportunities for saving
More Advisor News

Annuity News

  • Human connection still key in the new annuity era
  • Lifetime income is the missing link to global retirement security
  • ‘All-weather’ annuity portfolios aim to sharply limit rainy days
  • Annuity income: The new 401(k) standard?
  • Smart annuity planning can benefit long-term tax planning
More Annuity News

Health/Employee Benefits News

  • County leaders look at ways to cut costs
  • TENNESSEE SENATE PASSES BIOMARKER TESTING COVERAGE BILL, SENDING TO GOVERNOR'S DESK
  • Federal judge sides with Oregon Right to Life in abortion insurance coverage case
  • HSAs: Saving for health care or investing for retirement?
  • Costs of state employee health benefits continue steep rise
More Health/Employee Benefits News

Life Insurance News

  • AI and life insurance: Fast today, unpredictable tomorrow
  • Judge allows PHL policyholders to intervene, denies ‘premium holiday’
  • eHealth expands into final expense insurance
  • CID hosts info session for PHL Variable policyholders
  • ‘Seismic changes’ cloud global economy, analyst says
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Press Releases

  • RFP #T01825
  • RFP #T01825
  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet