More than 50 Distinguished Economists Release Open Letter Denouncing Medicare for All and Other Price Control-Based Health Care Plans

ALEXANDRIA, VA – The Coalition Against Socialized Medicine (CASM), a broad coalition of leading free-market groups such as the American Conservative Union, Heritage Action, FreedomWorks, the National Taxpayers Union, Club for Growth, Citizens Against Government Waste, American Commitment, and the Committee to Unleash Prosperity, issued the following statement attributable to CASM Executive Director Marc Palazzo in response to a letter released Wednesday signed by 55 leading economists denouncing socialized medicine:

“As these leading economists clearly state, Medicare for All, the so-called public “option” and other market-distorting price control schemes would stifle biopharmaceutical innovation, lead to the elimination of the private insurance millions of American patients and families depend on, and impose crushing new taxes on everyone, including the middle class.

Unfortunately, the stakes now have been put into stark relief as the world faces the grim challenge of the coronavirus. As humanity battles this common threat together, our hopes are pinned to the very innovation that these policies would ultimately destroy.”

The full text of the letter can be found here.