Warren Details Medicare for All Payment Plan With No New Taxes for Middle Class

Brian Snyder/File Photo/Reuters

Last updated 11/01/2019 at 9:14 a.m. ET.

U.S. Senator Elizabeth Warren said on Friday the Medicare for All system she backs would cost the U.S. government an extra $20.5 trillion over 10 years but would not “require raising taxes one penny” on the middle class.

Instead, she said, it would save American households $11 trillion in current out-of-pocket spending.

“Health care is a human right, and we need a system that reflects our values,” the Democratic presidential candidate wrote in a 20-page essay outlining her plan that will be published on the website Medium. “That system is Medicare for All.”

The Massachusetts senator is one of 18 Democrats vying for the party’s nomination to take on Republican President Donald Trump in the November 2020 election. She is currently near the top of the pack in opinion polls, having closed in on former Vice President Joe Biden, the early frontrunner.

Warren, a former law professor, has become known for a bevy of detailed policy proposals, spawning the slogan, “She’s got a plan for that.”

But she has faced criticism from some Democratic rivals for not outlining precisely how she would pay for a Medicare for All plan she backs in the U.S. Senate that was introduced by fellow White House rival Bernie Sanders of Vermont.

Warren acknowledged that a “key step in winning the public debate over Medicare for All will be explaining what this plan costs – and how to pay for it”, and said health insurance and drug companies would push back to protect their profits.

“Serious candidates for president should speak plainly about these issues and set out their plans for cost control – especially those who are skeptical of Medicare for All.”

Warren said she would finance the plan largely through businesses and the wealthy. Employers would essentially convert the money they currently spend on workers’ health care into Medicare contributions, while billionaires, high-earning investors and corporations would see taxes go up.

More moderate 2020 candidates such as Biden and South Bend, Indiana Mayor Pete Buttigieg have said Medicare for All would be too expensive and favor a more incremental approach.

Sanders has said taxes would be need to be raised to finance his Medicare for All system. The differences between the candidates have led to clashes in recent presidential debates.

Medicare is currently the U.S. government’s health insurance plan for individuals 65 years and older. Medicare for All would extend the program to cover all Americans, including at least 24 million who are currently uninsured, eliminating the need for private health insurance.

Warren said that with her Medicare for All plan in place, projected total healthcare costs in the United States over 10 years would be just under $52 trillion – slightly less than maintaining the current system.

(Reporting by Amanda Becker and Joseph Ax; Editing by Mark Heinrich)

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General Confusion
Member

This thread is getting so disorganized. Re: I Ching As I replied to Phoenix, there is nothing racist about you picking your own nickname. After IJR became broken you registered a new ID here. If I recall, it was either “I. Chang” or “I. Chung”. Something close to that. You only used it for a few days, so I am starting to forget what it was. Since you also love making up derogatory nicknames for others, I chose to use your own choice for you, only honor you after one of the world’s most famous ancient books. I still have… Read more »

General Confusion
Member

“Will “Medicare for All” include Congress AND all government workers? There’s that “for all” thingie and her less-spoken ambition to eliminate private insurance which SHOULD and MUST include OUR government employees. Why should our taxes pay for “special” coverage we ourselves do not get?” I Ching

Uh, yeah, that’s how “all” works.

Screwtape
Member

Genitally Confused,

“Ha ha ha ha! There you go again. You are like a toddler who plays hide’n’seek and thinks he is invisible just because he covered his eyes with his hands.”

Who are you talking to? You are not only confused, but have too much time on your hands while waiting for Mommy to bring you lunch in the basement. Did she patch your footie pajamas yet or is she still trying to get out the *ahem* stains?

Screwtape
Member

Genitally Confused, (I know you’ll reply with the unoriginal and racist I Ching. If I were black and named Sam would you call me Sambo? You are an idiot. Also an unadmitted racist like so many on the Left). Lyin’ Lizzie projects $52T over ten years, except she’s going for “forever” not ten years. That’s $5.2T a year. That easily exceeds the entire federal budget. So nothing but healthcare will be paid for and at a YUGE deficit. Here’s why no one takes you seriously. You have ZERO stake in this fight. Exactly what are you personally committing? Do you… Read more »

General Confusion
Member

Try again, Screwtape. Your reply is invisible.

General Confusion
Member

Ha ha ha ha! There you go again. You are like a toddler who plays hide’n’seek and thinks he is invisible just because he covered his eyes with his hands.

James
Member

>Always Confused< I found NOTHING "confusing" in Screwtape"s comment. He is absolutely, 100% correct. (Paraphrasing) WHY should the American citizen be taxed straight into poverty by an asinine D'rat/Socialist unworkable pipe dream and the Party elitists ride the gravy train on the taxpayer's back AND receive a salary they don't work for? EVERY estimate of cost for the M4A fiasco is in the multiple TRILLIONS of US dollars; first estimated at $36 TRILLION, then Fauxahontas comes up with $20.5 TRILLION; now up (as of yesterday) to $52 TRILLION. HOW do you support a $52 TRILLION – or even a $1… Read more »

James
Member

>Always Confused<

I am still waiting for you to find an adult to locate what I supposedly commented on. You claim I was hiding (my comment) behind your's. WHY would I – or any member here – EVER "hide a comment" (in response to your continuous parroting of asinine, childish blather) from YOU? Publish what I supposedly posted or move on. "Pay attention this time, sonny boy".

#Socialists-R-Idiots.

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