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Warren's plan to pay for 'Medicare for All': $20.5 trillion in new spending, taxes on the rich and corporations
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| Contributor | RP |
| Last Edited | RP Nov 01, 2019 08:32am |
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| Category | Proposed Legislation |
| Author | Benjy Sarlin and Ali Vitali |
| News Date | Friday, November 1, 2019 01:35:00 PM UTC0:0 |
| Description | Sen. Elizabeth Warren, D-Mass., released a detailed plan Friday that she says would fully fund a "Medicare for All" bill and cover every American without premiums or deductibles, all with "not one penny in middle-class tax increases."
Warren's campaign estimates her plan would keep combined public and private health spending "just under" $52 trillion over the next 10 years, in line with projections under existing law, but would require the federal government to absorb $20.5 trillion in new spending. It seeks to use efficiency savings generated by Medicare for All to cover the uninsured at a similar total cost and add new benefits for dental, vision and long-term care.
“Medicare for All is about the same price as our current path — and cheaper over time,” Warren said in a Medium post. “That means the debate isn’t really about whether the United States should pay more or less. It’s about who should pay.” |
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