Estimates vary, but they’re all big numbers

Various studies estimate the annual cost of a Medicare for All program to be between 9 and 18% of GDP.

Nationwide healthcare spending, estimated

Friedman

Thrope

RAND

Mercatus

Urban Institute

2019 Department of

Defense budget*

0

5%

10%

15%

20%

Estimated annual cost

Authorized by Congress

Nationwide healthcare spending, estimated

Friedman

Thrope

RAND

Mercatus

Urban Institute

2019 Department of

Defense budget*

0

5%

10%

15%

20%

Estimated annual cost

Authorized by Congress

Nationwide healthcare

spending, estimated

Friedman

Thrope

RAND

Mercatus

Urban Institute

2019 Department of

Defense budget*

0

5%

10%

15%

20%

Estimated annual cost

Authorized by Congress

Notes

All values are in 2019 dollars.

Source: Study authors, Department of Defense, OECD