ADMISSION: Democrats Chair CEO ADMITS Dem's Have No Clue how to Pay for Single Payer Health Insurance "It Would be VERY Expensive"

Democratic National Committee CEO Seema Nanda responded "I don't know" to a question on Tuesday about how Democrats would pay for a single-payer health care system.



Nanda attended Yahoo Finance’s All Markets Summit: America’s Financial Future event in Washington, D.C., where she was asked by Rick Newman, the moderator and a senior columnist, about concerns regarding the cost of a single-payer system.



"It would be very expensive, so, if this is going to be a winning issue for Democrats in 2020, how do you answer the question of how are you going to pay for this?" Newman asked. "Because there have been studies, credible studies that say it would cost $3 trillion a year. You would have to double everybody’s taxes or maybe triple everybody’s taxes. How do you answer the cost question?"



"I don’t think we’re there yet," Nanda acknowledged. She then pivoted to castigate the "irresponsible" Republican tax cuts and said Senate Majority Leader Mitch McConnell (R., Ky.) would target Medicare, Social Security, and Medicaid next.



"So, you know, your answer is I don’t know how we’re going to get there, but these are all big conversations that we need to be engaged in," Nanda added.