Warren details Medicare for All payment plan with no new taxes for middle class
WASHINGTON/NEW YORK - 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.
The plan would replace private insurance, including employer-sponsored plans, with full Medicare coverage, and individuals would no longer have to pay premiums, deductibles, co-pays or similar out-of-pocket costs. Long-term care would also be covered. Warren, a former law professor, has become known for a bevy of detailed policy proposals, prompting the slogan, “She’s got a plan for that.”
“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.” 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.
After accounting for savings through administrative changes, capping prescription drug prices and other measures, Warren said the experts she consulted estimated Medicare for All would cost the U.S. government $20.5 trillion in new spending over a decade.
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