It decimates the GDP---link outweighs link turn.
Myers ’20 [Kristin Myers; 01-30-2020; “Bernie Sanders ‘Medicare for all’ plan could shrink GDP by as much as 24%”; Yahoo!; https://www.yahoo.com/video/bernie-sanders-medicare-for-all-plan-could-shrink-gdp-by-as-much-as-24-133030215.html#:~:text=According%20to%20analysis%20by%20the,)%20isn't%20without%20benefits. \\pairie]
According to analysis by the Penn Wharton Budget Model (PWBM), Medicare for all (M4A) could shrink U.S. GDP by as much as 24% by the year 2060, depending on how it is financed.
Despite this hit to economic growth, the plan proposed by presidential candidate Bernie Sanders (I-VT) isn’t without benefits. According to the analysis, Medicare for all would improve population health overall, increasing life expectancy by roughly two years, grow the population of the United States by 3%, and boost worker productivity. The share of the population that is “seriously ill” would also decline, from 15% to 13%.
But, the model warns, if the plan is deficit-financed — paid for by government borrowing — “the negative effects of larger deficits on labor supply, capital accumulation and GDP would significantly outweigh the positive effects on the economy that come from a larger and healthier workforce.”