WASHINGTON—U.S. presidential contender Elizabeth Warrens plan to provide health care for all Americans, which she estimates would cost just under $52 trillion over 10 years, was attacked over the weekend by Republicans and fellow Democrats and parodied on NBCs “Saturday Night Live,” the long-running television comedy show.
The “Medicare for All” proposal, which Warrens 2020 presidential campaign released on Nov. 1, calls for cuts in defense spending and passing immigration reform to increase tax revenue from newly legal immigrants, two steps that would face an uphill battle in Congress.
It would also be funded by cost-cutting, business contributions, and new taxes on Wall Street, big businesses, and wealthy individuals, all of which carry their own challenges.
Warren, a U.S. senator from Massachusetts, has emerged as a front-runner along with former Vice President Joe Biden in the race for the Democratic nomination to face Republican President Donald Trump in the November 2020 election.
Warren, a former law professor, has become known for a bevy of detailed policy proposals. But she had faced criticism for not detailing how she would pay for the Medicare for All plan. The proposal was introduced in the U.S. Senate by rival Democratic candidate Bernie Sanders (I-Vt.).
Her health care overhaul would replace private health insurance, including employer-sponsored plans, with full government-sponsored coverage, and individuals would no longer have to pay premiums, deductibles, co-pays, or other out-of-pocket costs.
It would extend Medicare, the U.S. governments health insurance program for people 65 years and older and the disabled, to cover all Americans.
Warren has said it would provide health care coverage for some 27 million Americans who are currently uninsured and that the taxes wouldnt affect the middle class, while saving American households $11 trillion in out-of-pocket spending over the next decade.
She released letters from experts, including Mark Zandi, the chief economist at Moodys Analytics, supporting her calculations.
Biden took issue with Warrens explanation of who would pay for her proposal.
“Her plan would create a new tax on employers of almost $9 trillion that would come out of workers pockets, a new financial transaction tax that would impact investments held by middle-class Americans, and a new capital gains tax that would affect far more people than she stated tonight,” Biden said in a statement on Nov. 2.
Another Democratic presidential contender, South Bend, Indiana, Mayor Pete Buttigieg, said the plans elimination of private insurance was too inflexible.
“This my-way-or-the-highway idea, that either youre for kicking everybody off their private plans in four years or youre for business as usual, its just not true,” Buttigieg said on ABCs “This Week” on Nov. 3.
Sanders told ABC News his Medicare for All approach “will be much more progressive in terms of protecting the financial well-being of middle income families.” Sanders campaign has not yet released a detailed plan explaining how he would fund the proposal.
Not Going to Happen
Rahm Emanuel, who was chief of staff for former Democratic President Barack Obama and previously called MedicaRead More – Source