Saves the government $5.7 billion that is. It will cost citizens an extra $11.4 billion due to higher prices on the private insurance market.

Health care economists see a number of downsides, too. For one thing, Medicare tends to be a pretty efficient program. Its costs have grown slower than private health insurance plans. The Center for Budget Priorities and Policy estimates that, while the federal government would save $5.7 billion, the rest of the health care system would end up spending $11.4 billion more to provide those same benefits.

http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/03/r...