Expanding traditional Medicare solves economic downsides.
Committee for a Responsible Federal Budget (CFRB) 20, non-profit public policy organization focusing on fiscal and budgetary policy; 3-17-2020, “Choices for Financing Medicare for All”, https://www.crfb.org/papers/choices-financing-medicare-all, BEJJP-ATJ [7-1-2023]
Importantly, different cost assumptions under the PWBM model would yield different results from the ones presented here, particularly over the long run.15 PWBM also finds that financing an expanded traditional Medicare program – which, unlike Medicare for All, would include some premiums and cost sharing – would have a much smaller economic impact. PWBM estimates that financing expanded traditional Medicare with a payroll tax would reduce GDP by 5.3 percent in 2030, deficit financing it would reduce GDP by 4.4 percent, and financing it entirely with premiums would actually increase GDP by 1 percent.16