Bernie Sanders unveiled his latest version of a Medicare-for-all plan on Wednesday, to a highly unusual level of media attention and support within the Democratic Party. A third of the party’s Senate caucus have come out as co-sponsors — although, unsurprisingly, neither Chuck Schumer nor Nancy Pelosi are backing it yet — and it looks likely that more will sign on soon.

The plan is extremely generous — indeed, much more so than many peer countries. But that only makes it great policy and better politics.

So first, the details: The plan would be phased in over a period of four years. In the first year, traditional Medicare would be expanded to cover dental, vision, and hearing aids, as well as people over 55 or under 18, while others would be able to buy in if they wish. In the second year, the age qualification would be lowered to 45, in the third year to 35, and then in the fourth year, everyone remaining would be included.

This upgraded version of Medicare would also be a lot more generous in terms of access. There would be no cost-sharing, except for prescription drugs. It is, as Paul Waldman argues, probably …read more

Source:: The Week – Politics

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