This is Bernie Sanders’s universal healthcare plan for every American

• Sanders wants to create a federally administered single-payer healthcare program—already used in a number of countries such as Canada—where the government insures everyone for their healthcare needs and pays the bills through taxes. The US already has a single-payer system, called Medicare, which has been in place since 1966 and takes care of Americans over 65.
• Universal healthcare would be funded through taxes—and would no longer be optional. US citizens would pay a 2.2% income-based premium towards their healthcare, while employers would pay an additional 6.2% of what it pays employees towards the plan.
• Further progressive and wealth taxes—such as paying between 37% on income above $250,000 and 52% on income above $10 million, various capital-gains taxes, ended tax exemptions, and inheritance taxes—would fund the scheme, which costs $1.38 trillion per year.
• Last year, the “average working family” paid $4,955 in premiums and $1,318 in deductibles to private health-insurance companies, the Sanders campaign said. Under his plan, a family of four earning $50,000 would pay $466 per year into the single-payer system.
• Sanders claims the plan will result in an overall savings of $6 trillion over the next 10 years, when compared to the current system.

Currently, the US spends about $8,713 per person on healthcare, more than twice the OECD average of $3,453. A number of countries, including Norway, Greece, and Japan, spend less than the US on healthcare but have a life expectancy that is just as long or longer: