Medicare For All Report; AOC Endorses Sanders

Grind for October 17th
“Most people work just hard enough not to get fired and get paid just enough money not to quit.”
– George Carlin

Big Surprise

The Headline

Alexandria Ocasio-Cortez endorses Sanders

The Grind

Freshman Congresswoman Alexandria Ocasio-Cortez (D-NY) will formally endorse Bernie Sanders for president at a rally this Saturday in New York.

Rep. Ilhan Omar (D-MN), a member of Ocasio-Cortez’s “squad,” endorsed Sanders on Tuesday, describing his campaign as a “working class movement to defeat Donald Trump that transcends generation, ethnicity, and geography.”

The other two “squad” members – Congresswomen Ayanna Pressley (D-MA) and Rashida Tlaib (D-MI) – have yet to endorse a candidate.

The Details

Ocasio-Cortez’s support for Sanders (instead of Elizabeth Warren) does not come as a surprise, given the fact that she volunteered for Sanders’s presidential campaign in 2016 and adopted many of his ideas.

Ocasio-Cortez was even recruited to run for Congress by Justice Democrats, a group that grew from the failed Sanders campaign.

Bernie Sanders, 78, gave a good show at the debate Tuesday despite suffering a heart attack less than two weeks ago. “I’m healthy, I’m feeling great,” he said.

Like Ocasio-Cortez, Sanders supports Medicare for All, a $15 federal minimum wage, and an ambitious plan to fight global warming.

Despite having raised more money through individual campaign contributions than any other Democratic candidate, Sanders remains in third place behind Joe Biden and Elizabeth Warren.


The Headline

Socialist “Medicare for All” proposal would cost $32 trillion

The Grind

Progressive Democrats’ promise to give everyone free healthcare will cost the government $720 billion during its first year and $32 trillion over 10 years, found a study conducted by the Urban Institute and Commonwealth Fund.

During its first year, the single-payer health insurance program favored by Bernie Sanders and Elizabeth Warren would increase federal spending by $2.8 trillion, save states $260 billion, save employers $955 billion, save households $886 billion, and reduce the number of uninsured to zero.

The big question is whether these savings would balance out the higher taxes necessary to pay for the plan.

“Costs will go up for the wealthy, they will go up for big corporations, and for middle class families they will go down,” said Warren during Tuesday’s debate when pressed for honesty about the taxes required to pay for Medicare for All. “I will not sign a bill into law that does not lower costs for middle class families.”

The Details

The study also examined the sort of scaled-back healthcare plan favored by Joe Biden and Pete Buttigieg: a plan that would allow people to choose private insurance companies or government plans.

This sort of plan would cost $1.3 trillion over the next 10 years and reduce the number of uninsured Americans from 32.2 million to 6.6 million, with most uninsured being illegal immigrants.

Keep in mind these estimates are conservative, as socialist healthcare programs would eliminate competition which could negatively impact prices.

Did you know… Our eyes are always the same size from birth, but our nose and ears never stop growing.