According to an estimate released by the right - leaning Mercatus Center at George Mason University , the Medicare - for - all bill put forward by Sen. Sanders would increase federal spending by $ 32 trillion over the next 10 years . This is the same figure as presented by the left - leaning Urban Institute in 2016 and has been leapt on as proof that the idea can not be ignored . However , there are some that find the most recent report a boost to the Medicare for All cause . Chief amongst these is Ernie Tedeschi , a former economist at the Treasury Department , who argues that the analysis shows Medicare for All will reduce national health expenditures by $ 2 trillion over the same 10-year period . Which analysis is to be used is dependent on whether attention to be paid to federal spending or overall US expenditure . The Mercatus report illustrates that government share of health spending would double from 45 percent to roughly 95 percent , with the resultant figure being $ 32.6 trillion . However , the alternative argument is that this merely shows a shift from private to public spending , with health care spending set to fall over the 10 years . Deductibles, coinsurance, copayments, and other cost-sharing bills would be eliminated. Current projections have health care costs in 2031 as $ 59.7 trillion , but the Mercatus report says they would fall to $ 57.6 trillion under Medicare for All . Broader health benefits for Americans would include dental , vision and hearing care , including for those who are currently uninsured . At the same time deductibles , coinsurance , copayments , and other cost - sharing bills would be eliminated . The argument against these changes is that they would result in a rise in unnecessary care , but conversely it would bring care to the unhealthy before their illnesses became chronic and costlier when treatment is eventually sought . The primary costs saved under Medicare for All would include $ 5.3 trillion through the reduction of physician and hospital reimbursements to Medicare levels , $ 846 billion on drug costs from negotiations with drug companies , and $ 1.57 trillion from administrative costs .
According to an estimate released by the right - leaning Mercatus Center at George Mason University , the Medicare - for - all bill put forward by Sen. Sanders would increase federal spending by $ 32 trillion over the next 10 years . This is the same figure as presented by the left - leaning Urban Institute in 2016 and has been leapt on as proof that the idea can not be ignored . However , there are some that find the most recent report a boost to the Medicare for All cause . Chief amongst these is Ernie Tedeschi , a former economist at the Treasury Department , who argues that the analysis shows Medicare for All will reduce national health expenditures by $ 2 trillion over the same 10-year period . Which analysis is to be used is dependent on whether attention to be paid to federal spending or overall US expenditure . The Mercatus report illustrates that government share of health spending would double from 45 percent to roughly 95 percent , with the resultant figure being $ 32.6 trillion . However , the alternative argument is that this merely shows a shift from private to public spending , with health care spending set to fall over the 10 years . Current projections have health care costs in 2031 as $ 59.7 trillion , but the Mercatus report says they would fall to $ 57.6 trillion under Medicare for All . Broader health benefits for Americans would include dental , vision and hearing care , including for those who are currently uninsured . At the same time deductibles , coinsurance , copayments , and other cost - sharing bills would be eliminated . The argument against these changes is that they would result in a rise in unnecessary care , but conversely it would bring care to the unhealthy before their illnesses became chronic and costlier when treatment is eventually sought . The primary costs saved under Medicare for All would include $ 5.3 trillion through the reduction of physician and hospital reimbursements to Medicare levels , $ 846 billion on drug costs from negotiations with drug companies , and $ 1.57 trillion from administrative costs .