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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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Last EditedRP  Nov 01, 2019 08:32am
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CategoryProposed Legislation
AuthorBenjy Sarlin and Ali Vitali
News DateFriday, November 1, 2019 01:35:00 PM UTC0:0
DescriptionSen. 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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