In light of the Democratic presidential candidates campaigning on universal health care, some have called into question how much that would cost taxpayers.
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Following up on President Trump's State of the Union address where he promised to fend off the “socialist takeover of our health care system,” his personal lawyer Rudy Giuliani said the cost of such a takeover will be jobs. Appearing on FOX Business' "Lou Dobbs Tonight" Wednesday, the former New York City mayor said that government-funded health insurance for everyone would "knock out one-third of the hospitals."
The multitrillion-dollar health care industry represents roughly one-fifth of America's economy and is the largest employer in multiple states.
University of Massachusetts economists estimate 1.8 million jobs may be lost if a system like Medicare-for-all is put into effect.
A doctor-economist at Stanford University, Dr. Kevin Schulman, told Kaiser Health that most of those potential lost jobs would be administrative and sales related.
The non-profit, non-partisan Kaiser Health also reports, that more than half of Americans support the idea of Medicare-for-all until it calls for higher taxes.
A universal health care program would require an additional $34 trillion in federal spending during its first decade in operation, according to a study published by the Urban Institute and Commonwealth Fund.
"The U.S. could achieve near-universal coverage, and even decrease national health spending, by building on our current public-private insurance system," the report states.
No matter what it would cost or how it would affect jobs, Giuliani believes the "liberal mindset" doesn't work no matter the policy.
"They really can't govern, right," Giuliani said of Democrats. "They live in a fantasy world. That's why they couldn't count votes in Iowa. They can't govern."
Giuliani pointed to cities like Los Angeles, Chicago and San Francisco as examples of places where Democratic policies have failed on issues of homelessness and crime.