WASHINGTON, D.C. – House Budget Committee Ranking Member Steve Womack (R-AR) issued the following statement after the Congressional Budget Office (CBO) released a report, at House Democrats’ request, entitled “Key Design Components and Considerations for Establishing a Single-Payer Health Care System.”
“While Democrats avoided asking questions they don’t want the answers to, including how much Medicare-for-All will cost the American people, the report CBO released today illuminates several consequences of Democrats’ one-size-fits-all health care approach, such as higher premiums, out-of-pocket expenses, and taxes.
“I look forward to the opportunity to discuss this report in the Committee that is specifically charged with examining the impact of policy changes on our nation’s fiscal future. We’ve heard from multiple independent experts that Medicare-for-All will cost at least $32 trillion. When the nation already holds more than $22 trillion of debt, the American people need to know how Democrats plan to pay for such an enormous price tag.”
To learn more about Democrats’ one-size-fits-all health care proposal and their plan to pay for it (or lack thereof), click HERE.
To watch Budget Committee Republicans’ new video “We’re Gonna Pay,” about Medicare-for-All’s price tag, click HERE.
To learn more about the fiscal instability of the existing Medicare program, click HERE.