Warren says she’ll detail costs of her health plan soon

Henrietta Strickland
October 21, 2019

Bernie Sanders, I-Vermont, in 2017 does not lay out how the proposal would be funded.

Presidential candidate Elizabeth Warren announces that she intends to release a plan to pay for Medicare for all in the coming weeks. One plausible explanation is that if she wins the primary election, President Trump's team would attack her in campaign advertisements if she admits that she wants to raise taxes.

"What I see, though, is, we need to talk about costs". A separate "white paper" proposed some ideas, like a 4 percent "premium" paid by families making more than $29,000 per year. One reason why Warren and Sanders might emphasize an annual wealth tax, rather than these other ideas, may be because a & # 39; wealth tax & # 39; - such as & # 39; free lecture & # 39; or & # 39; Medicare for All & # 39; - a simpler, more intuitive slogan.

In the recent debate, Sanders noted that he thinks it's "appropriate to acknowledge that taxes will go up". They're going to go up significantly for the wealthy. "The tax increase they pay will be substantially less than what they were paying for premiums and out-of-pocket expansions", Sanders said during the OH debate.

"That's why I support Medicare for All", she said.

Klobuchar said she "can do two things at once" and still reach out to people and have her husband and other surrogates campaigning for her, even if she's in Washington.

As a result, she has been taking fire on the cost question from her Democratic rivals. The debate last Monday featured several contentious moments, including when Mayor Pete Buttigieg called out Warren for her refusal to meet "a yes-or-no question" with "a yes-or-no answer". Unlike Warren, Bernie is honest about his policy - during a debate in June, he readily admitted that middle-class taxes would have to go up in order to pay for Medicare for All.

Similarly, it is not a abandonment of principles, or of the poor, to say that you can guarantee affordable health coverage for all Americans without completely rearranging 18% of the economy into a single-payer plan.

"She stated Sunday that each Democratic candidate understands" the cheapest possible means to ensure everyone receives the health care they want is Medicare for everybody, and that is why I encourage Medicare for everybody".

A new study by the Urban Institute, released Wednesday, said that federal spending on health care would increase by roughly $34 trillion under a single-payer plan similar to Medicare for All.

When asked by a reporter after her town hall if her plan would include taxes on the middle class, Warren declined to answer saying: "The whole plan will be out - you'll be able to look at it".

"You know right now the cost estimates for Medicare for All vary by trillions and trillions of dollars and the different revenue streams for how to fund it, there are a lot of them", she said.

Though Biden has criticized Warren for starting her presidential campaign with an injection of more than $10 million from her Senate fund-raising account, his lagging numbers have raised concerns about whether he'll have the cash to compete as effectively in the critical months ahead.

She added about the universal health insurance plan: "This is something I've been working on for months and months, and it's got just a little more work until it's finished".

Other reports by Click Lancashire

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