Delaney Explains to Sanders that His Universal Medicare Bill Will Bankrupt Health Care Industry

EXCERPT:

SANDERS: "Under Medicare for all, the hospitals will save substantial sums of money because they won’t be spending a fortune doing billing and the other bureaucratic things they have to do today."

DELANEY: "I’ve done the math — "

SANDERS: "Maybe you did that and made money off of health care but our job is to run a non-profit health care system. Third of all, third of all, when we say $500 billion a year by ending all of the incredible complexities that are driving — "

TAPPER: "Thank you — "

SANDERS: " — every American crazy, trying to deal the health insurance companies —"

TAPPER: "Congressman Delaney. I will let you have a chance to respond."

DELANEY: "His math is wrong. That’s all I’m saying. His math is wrong. It’s been well documented that if all the bills were paid at Medicare rate, which is specifically -- I think it isin section 1200 of their bill in then many hospitals in this country would close. I’ve been going around rural America and ask rural hospital administrators one question, if all your bills were paid at the Medicare rate last year, what would happen? They all look at me and say we would close. But the question is why do we have to be so extreme? Why can’t we just give everyone health care as a right, and allow them to have choices — "

BASH: "Thank you congressman."