Congressional Budget Office: Medicare for All Would Reduce Healthcare Costs
On December 10, the Congressional Budget Office released a new estimate of the cost of Medicare for All, finding that overall health costs would decline between $42 and $743 billion per year. The CBO found that administrative costs under Medicare for All would not only be vastly lower than the costs of our current chaotic “system” of private insurance, they would be even lower than Medicare’s current administrative costs of two percent.