Four Democratic economic advisers have crunched the numbers on presidential hopeful Sen. Bernie Sanders' (I-Vt.) "Medicare for All" plan and say the math doesn't work out.
In an open letter to Sen. Sanders and Gerald Friedman, PhD, a professor of economics at University of Massachusetts, Amherst, the four former chairs of the Council of Economic Advisers for Presidents Barack Obama and Bill Clinton, write that they are "concerned" to see the campaign making claims that cannot be supported.
"As much as we wish it were so, no credible economic research supports economic impacts of these magnitudes. Making such promises runs against our party's best traditions of evidence-based policy making and undermines our reputation as the party of responsible arithmetic," the advisers wrote.
However, Sen. Sanders has previously defended his plan against claims the math does not work out.
"Every major country on earth, whether it's the U.K., whether it's France, whether it's Canada, has managed to provide healthcare to all people as a right and they are spending significantly less per capita on healthcare than we are. So I do not accept the belief that the United States of America can't do that," he said in the last Democratic debate.
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