Liz Warren Trots Out Her Medicare For All Plan

It’s a hoot

Warren’s $52T ‘Medicare-for-all’ plan revealed: Campaign still claims no middle-class tax hikes needed

Democratic presidential candidate Elizabeth Warren’s long-awaited “Medicare-for-all” funding plan projects the government-run health care system would cost a staggering sum of “just under $52 trillion” over the next decade, with the campaign proposing a host of new tax increases to pay for it while still claiming the middle class would not face any additional burden.

“We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Sen. Warren, D-Mass., said in her plan — a copy of which was obtained by Fox News in advance of its release Friday.

The campaign’s detailed Medicare-for-all proposal, however, insists that the costs can be covered by a combination of existing federal and state spending on Medicare and other health care — as well as myriad taxes on employers, financial transactions, the ultra-wealthy and large corporations and some savings elsewhere. Those measures are meant to pay for a projected $20.5 trillion in new federal spending. Notably, they include what is essentially a payroll tax increase on employers, something economists generally say can hit workers in the form of reduced wages. (snip)

So how would she pay for it?

Among other proposals, Warren calls for bringing in nearly $9 trillion in new Medicare taxes on employers over the next 10 years, arguing this would essentially replace what they’re already paying for employee health insurance. Further, Warren’s campaign says if they are at risk of falling short of the revenue target, they could impose a “Supplemental Employer Medicare Contribution” for big companies with “extremely high executive compensation and stock buyback rates.”

Companies wouldn’t be the ones paying

Whether some of those costs, however, still could be passed on to middle-class employees – as economists argue payroll tax costs often are – remains to be seen. As the Tax Policy Center has noted, it is assumed the “employee bears the burden of both the employer and employee portions of payroll taxes.”

Does anyone think Trump won’t bash this and expose it non-stop, especially if she ends up being the Democrat candidate?

Save $10 on purchases of $49.99 & up on our Fruit Bouquets at 1800flowers.com. Promo Code: FRUIT49
If you liked my post, feel free to subscribe to my rss feeds.

Both comments and trackbacks are currently closed

8 Responses to “Liz Warren Trots Out Her Medicare For All Plan”

  1. Elwood P. Dowd says:

    Medicare or not, we’ll pay at least $52 trillion over a decade.

    TEACH typed: Does anyone think Trump won’t bash this and expose it non-stop, especially if she ends up being the Democrat (sic) candidate?

    As if tRump is an expert on healthcare. tRump will lie about his opponent non-stop. What is the tRump/Republic healthcare plan that will be better and cheaper?

    • Bill589 says:

      No Elwood, it is the Left that lies. They have to. The truth all supports the Right.
      See ‘History’ for examples.

      Socialized medicine:
      The saying about Russia’s great government run healthcare: “Healthcare is free, if you can find it.”

    • formwiz says:

      Medicare or not, we’ll pay at least $52 trillion over a decade.

      Figures, or did you just pull that out of your ass?

      As if tRump is an expert on healthcare.

      As if you are an expert on healthcare.

      FIFY

      tRump will lie about his opponent non-stop.

      He won’t have to. Art this rate, Buttpeg will be the nominee. Just let him mince around the country.

      What is the tRump/Republic healthcare plan that will be better and cheaper?

      Doing nothing and let the market work it out?

    • Winston St. John says:

      Trump and the GOP do not have a healthcare solution. Never have.

      But then neither does the Warren, Sanders or the Left. They do have a plan but it is neither better or cheaper.

      Mr. Elwood P. Dowd, the Democrats are lying to you if you believe Warren or Sanders will pass a medicare for all plan. And if they they do pass one it will certainly exceed 52 trillion over 10 years and in the end it will bankrupt every hospital and clinic in America and every doctor you see will be a shake and bake doctor and good luck finding anyone willing to spend 16 years specializing in heart, brain surgery etc. when they get paid 8000 per operation when they could make that treating sniffles and the flu.

      I make no judgements on the left or the right good or bad. I only point out the short comings of both sides position. The right is the party of No way and the left is the party of promises with no hope of ever seeing them happen.

      In the end we both know what both parties do. They both always blame the other side and then let the man on the street fight it out while they celebrate. Speaking of which in the halls of congress a couple days ago, they had a gigantic bipartisan birthday party for someone very special. AIG. The giant bank that single handedly took 190 billion dollars of funding as a bail out and then gave huge bonuses to execs. The same gigantic bank/corporation the left claims to hate were on hand celebrating with AIG and slapping each other on the backs.

      Welcome to politics 101 in America. Divide and conquer.

      • Elwood P. Dowd says:

        Winston,

        We don’t support Medicare for All, and neither Sanders nor Warren would be able to pull it off. And it’s bad politically, too.

        But we do recognize that every other economically advanced nation on Earth manages to cover all their citizens for approximately half per capita of what we Americans pay. How do France, S Korea, Finland, Israel, Australia, Germany, Japan, Sweden, Switzerland, New Zealand, Norway etc etc do it?

        The US donor class and their minions (Congress et al) have engineered an economic system that rewards the donor class at the expense of the working classes, and it is reaching critical mass.

  2. So Warren wants to spend 2.5 times the national debt balance over the next 10 years for basically zero return? Yep, sounds like socialism to me.

  3. Navyvet says:

    Sure you will Liz. You and your fellow Commiecrats are going to tax the azz off all of the billionaires that keep pouring money to you assclowns in order to avoid taxes. I have been hearing that “tax the rich” bull lony for 50 years.

  4. Doom and Gloom says:

    Roberts joins Supreme Court’s liberal wing in blocking Louisiana abortion law

    The left can breathe a sigh of relief and not take to the streets just yet. Not the outcome the right hopes for but I think Roberts wants to keep his job and if the union dissolves I think that might be hard for him to do.

Bad Behavior has blocked 8242 access attempts in the last 7 days.