Bernie Sanders in 1987 Said ‘Medicare For All’ Would Bankrupt America

(Zero Hedge) Even Bernie Sanders has acknowledged that the federal government couldn’t afford to provide health care to all of its citizens.

Bernie Sanders Releases Most Popular Single-Payer Health Care Bill In History

Photo by Lorie Shaull (CC)

In a video clip from 1987 that was discovered by the Washington Free Beacon, then-Burlington Mayor Bernie Sanders (I., Vt.) admitted that “giving everybody a Medicaid card” would “bankrupt the nation.”

“You want to guarantee that all people have access to health care as you do in Canada,” Sanders said.

“But unless we change the funding and control systems to do that, for example, if we gave everybody a Medicaid card we would be spending such an astronomical sum of money that we would bankrupt the nation.”

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Of course, as we reported two days ago, Sanders is pushing essentially the same system with his newly introduced “Medicare for All” bill. The proposal would offer the same suite of medical benefits required for some insurance plans under the Affordable Care Act and eliminate most out-of-pocket costs. Mr. Sanders argues that although taxes would likely rise to support the new system, families would save money by no longer needing to purchase health coverage…

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