Billionaire claims universal healthcare would ‘bankrupt’ the US. But the reality is quite the opposite.

The ex-mayor of the USA’s largest city claims the country cannot afford a public, universal healthcare system. But he has things completely the wrong way round. Because in reality, only by moving toward full coverage can the US bring its soaring healthcare costs under control.

Typical right-wing scaremongering about there not being enough money

On 29 January, Michael Bloomberg – a billionaire businessman and former mayor of New York City – said that adopting universal healthcare would ‘bankrupt’ the country. He said:

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