Penn Wharton Budget Model Analyzes Senator Sanders' Medicare for All
* * *
- Plan boosts health and productivity, but long-run economic impact varies by as much as a quarter of all GDP, depending on how plan is financed
* * *
Health care ranks as one of the most important issues to voters in the Democratic primary. The Medicare for All Act of 2019 backed by Senator
Penn Wharton Budget Model (PWBM) has produced the first integrated analysis of the Medicare for All Act of 2019, capturing health and demographic effects, interactions with other government programs, and macroeconomic changes. PWBM projects:
* Under current law, the percent of the population without medical insurance will grow from around 10 percent today to over 27 percent by 2060. Under Sanders' Medicare for All, the uninsured rate would essentially fall to zero by design.
* Sanders' Medicare for All would improve population health by 2060, reduce the share of the population that is seriously ill from 15 percent to 13 percent, increase life expectancy by two years, grow the population three percent, and increase worker productivity.
* Taken literally, Sanders' Medicare for All Act lacks a financing mechanism, which by long-standing
* As a presidential candidate, however,
* We also present alternative scenarios. Without expanding benefits to include long-term care or dental--but still eliminating most deductibles while covering all workers--GDP increases by 12 percent with premium financing. These results indicate that Medicare for All can be designed in a way that boosts economic growth.
For more information, see the PWBM Sanders Medicare for All analysis (https://budgetmodel.wharton.upenn.edu/issues/2020/1/30/sanders-medicare-for-all) and background brief (https://budgetmodel.wharton.upenn.edu/issues/2020/1/30/medicare-for-all-background).
Media inquiries: Wharton Media Relations, ([email protected]), +1 (215) 898-8036
About the Penn Wharton Budget Model
PWBM is a nonpartisan, independent applied research organization housed at the
* * *
About the
Founded in 1881 as the world's first collegiate business school, the
Pa. Gov. Wolf: Pennsylvania Will Not Participate in Trump Administration Scheme to Cut Medicaid
Public Citizen Issues Statement on Trump Administration Plan on Medicaid Program
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News