During the course of a decade, "Medicare for All" policies could cost the federal government between $28 trillion and $32 trillion, according to an analysis from the Committee for a Responsible Federal Budget.
The analysis came out the day Rep. Pramila Jayapal, D-Wash., unveiled a bill aimed at replacing existing private and public coverage with a Medicare option that covers medical services, vision and dental without premiums, copays or deductibles. The bill doesn't outline how the proposal would be paid for.
While the nonpartisan Committee for a Responsible Federal Budget wasn't aware of cost estimates related to Ms. Jayapal's proposal, similar proposals have been estimated to cost anywhere from $28 trillion to $32 trillion over a decade. Ms. Jayapal's bill is broadly similar to a single-payer bill introduced by Sen. Bernie Sanders, I-Vermont, during the 2016 presidential campaign, which the committee estimated would cost $28 trillion through 2026. In 2016, the Urban Institute estimated Mr. Sanders' bill would cost $32 trillion over the same period.
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