Ranking Member Steve Womack (R-AR) Statement on CBO’s Working Paper on the Cost of Proposals for Single-Payer Health Care Systems

WASHINGTON, D.C. – House Budget Committee Ranking Member Steve Womack (R-AR) issued the following statement after the Congressional Budget Office (CBO) released a working paper on the potential costs of Medicare-for-All proposals entitled, How CBO Analyzes the Costs of Proposals for Single-Payer Health Care Systems That Are Based on Medicare’s Fee-for-Service Program. Single-payer health care proposals—which have become a core tenet of the Democrat agenda—would implement a one-size-fits-all, government-run health care system:

“With today’s report, Democrats can no longer avoid the reality and destructive consequences of Medicare-for-All. CBO confirmed such irresponsible proposals would add estimated costs ranging between a staggering $1.5 trillion and $3.0 trillion to the federal budget per year. The negative impact on Americans is even higher than these astounding numbers. Medicare-for-All policies would radically institute a government takeover of our health care—leading to less patient choice and control over one’s own medical care, in addition to an overwhelmed system resulting in delayed or forgone treatment. The price tag would undoubtedly force the government to raise taxes on hardworking families—likely harming economic growth—or further saddle future generations with this devastating debt burden. It’s bad policy that would exacerbate the alarming fiscal trajectory we already face. We need meaningful, workable solutions—not misleading slogans that will leave Americans paying a very steep price.”