The new Medicare For All bill introduced by Sen. Bernie Sanders, I-Vt., would kick 181 million Americans off their existing private healthcare coverage, according to The Daily Signal.
In a breakdown of the bill, The Daily Signal reported the legislation would create a new national health insurance plan to provide universal coverage to all U.S. residents, regardless of their legal status, and be phased in over four years.
But, under Section 107, the Daily Signal reported the bill would outlaw private health coverage, including employer-sponsored coverage, that "duplicates" the coverage provided under the government health plan.
The Daily Signal reported that would mean about 181 million Americans would lose their existing private coverage.
It would also abolish other federal health programs, including Medicare, Medicaid, the Children’s Health Insurance Program, Tricare, and tthe Federal Employees Health Benefits Program — programs that cover tens of millions of Americans — and absorb them into the larger program.
According to The Daily Signal, the consequences of the bill will be slower care, fewer available doctors and new taxation.
© 2021 Newsmax. All rights reserved.