> $30 trillion in new taxes that will be required to pay for Medicare for All Citation needed. Here's mine. Global healthcare spending is currently $8 trillio

> $30 trillion in new taxes that will be required to pay for Medicare for All Citation needed. Here's mine. Global healthcare spending is currently $8 trillion per year, projected to rise to $10 trillion in 2022. https://www2.deloitte.com/global/en/pages/life-sciences-and-healthcare/articles/global-health-care-sector-outlook.html https://www2.deloitte.com/global/en/pages/life-sciences-and-... US healthcare expenditure is a fraction of the global total. Certainly a large portion of taxes to fund single-payer would be offset by reduction of payments to private insurers.