Authors: Charles Blahous
Published: July 30, 2018
Financed by: Mercatus Center
Legislation analyzed: Medicare for All Act of 2017 (S. 1804, 115th Congress)
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National health expenditures (NHE) are currently projected to be $4.562 trillion in 2022.5 Subtracting the $10 billion decrease in personal health spending, as calculated in the previous paragraph, and crediting the plan with $83 billion in administrative cost savings results in an NHE projection under M4A of $4.469 trillion. Of this, $4.244 trillion in costs would be borne by the federal government. Compared with the current projection of $1.709 trillion of federal healthcare subsidy costs, this would be a net increase of $2.535 trillion in annual costs, or roughly 10.7 percent of GDP.