May 2, 2019
Sen. Grassley on CBO “Medicare for All” Report
| U. S. Senate Finance Chairman Chuck Grassley of Iowa has released a biting statement regarding the report released by the Congressional Budget Office (CBO) on Democrats’ proposed “Medicare for All” plan.
“Americans don’t support a government-run health care system when they’re told about the countless downsides.
“Democrats’ plan would eliminate private health insurance companies and would require middle-class Americans to pay much more in taxes.
“It also threatens the benefits that current Medicare beneficiaries – seniors who have paid into the system their entire working lives – receive,” Grassley said.
“Government-run health care is a slogan, not an answer. We need to build and improve on what’s working and fix what’s broken.
“This report doesn’t provide all the details Americans need and that are necessary for a discussion of this magnitude.”
This report was requested by House Budget Committee Chairman John Yarmuth of Kentucky. Its top take-aways include:
- A transition from the current system to single-payer would be complicated, challenging and potentially disruptive;
- Government spending on health care would increase substantially, thereby requiring higher taxes;
- A public plan might not be as quick to meet patients’ needs;
- Government would have more control over the health care delivery system; and,
- A reduction in provider payment rates could reduce the quality of care.
Democrats recently released their plan to effectively eliminate private health insurance in favor of a national, single-payer system that would take away personal choice and freedom – further expanding Washington’s control over Americans’ health care decisions.
The Democrat plan would make private and employer-sponsored health coverage illegal, forcing Americans into a one-size-fits-all, government-run health care program.
Under the Democrats’ proposed “Medicare for All” plan,
- 181 million American workers would be kicked off their private health insurance that they have today, like, and want to keep;
- Spending would increase by approximately $32 trillion over 10 years placing unprecedented strain on the federal budget and the American taxpayer;
- Taxes on the middle class would have to be raised significantly in order to pay for so much new spending;
- Americans would experience disruptions in the availability and accessibility of health care services; and,
- All Americans, including those with pre-existing, chronic health conditions, would face increased wait times to receive needed medical care.