Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ US https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Elizabeth Warren Launches Plan to Pay for Medicare for All

Elizabeth Warren Launches Plan to Pay for Medicare for All

Presidential candidate and U.S. Senator Elizabeth Warren (D-MA) speaks during a campaign rally at Keene State College in Keane, New Hampshire, September 25, 2019.

Brian Snyder | Reuters

Sen. Elizabeth Warren promised on Friday not to raise middle-class taxes to fund her Medicare for All plan, in response to the pressure she faced when she emerged as one of the Democratic nominees in 2020 [19659002] In a new plan, Warren's campaign said its one-time health care plan would cost the country "just under" $ 52 trillion in a decade, which includes $ 20.5 trillion in new federal spending. According to him, the proposal will cost slightly less than the estimated $ 52 trillion cost for the current system in 1

0 years.

The Massachusetts Democrat campaign says its plan will provide every American with "full health care and long-term care coverage. "He added that he would do so with" no penny in raising middle-class taxes "- a response to criticism from rivals such as South Bend, Mayor of India, Pete Butigig.

its support has swelled in both national and early state polls in weeks, with the 2020 presidential candidate facing greater pressure on how to finance a government-run single-payer healthcare system. has specifically answered whether her plan would raise taxes for middle-class Americans, she repeatedly says it will cut costs by reducing health care costs.

The Warren campaign says it will shift the burden of most health care costs on consumers in the form of costs such as premiums, deductions and the surcharges to federal and state governments and employers Here are the methods that the Warren campaign outlines to cover plan costs, both in terms of cost savings and fundraising:

  • with Medicare from the employer to raise $ 8.8 trillion, which, according to the campaign, would save $ 200 billion from what they would have done had abandoned the current system
  • Reducing administrative costs by eliminating private insurers
  • Negotiations to Reduce Drug Costs
  • Better enforcement of existing tax laws to generate $ 2.3 trillion in more revenue
  • Taxes on the 'financial sector, large corporations and the top 1% of people. "
  • Warren appears to accept the proposed wealth tax under the health plan, saying that wealth over $ 1 billion would be taxed 6% than currently proposed 3%. The change would raise an additional $ 1 trillion, campaign says
  • $ 400 billion more in tax revenue through immigration reform
  • Eliminating the overseas emergency operations fund to save about $ 800 billion a decade

Warren also responded to another Medicare criticism for all and former Vice President Joe Biden, a top contender for the Democratic nomination, Biden, who backs the public health option, says Medicare would hurt everyone for unions negotiating their health plans.

For employers offering healthcare under a collective agreement, Warren's plan will allow them to reduce their Medicare contribution "if they pass on workers' savings in the form of increased salaries, pensions or other collective benefits."

Health has become perhaps the biggest flash in the primary race of Democrats to date. Presidential candidates disagree on whether to move immediately to cover all Americans through a single-payer system, or to move toward universal health care more gradually through public option options.

Sen. Bernie Sanders, a Vermont-independent and leading Medicare supporter for everyone in the Democratic primary, told CNBC that he would not release a specific method of payment for his health plan.

Source link