Senator Elizabeth Warren, D-Massachusetts, has revealed how she anticipates financing Medicare for All (M4A). Summing up, her plan underestimates costs, overestimates revenues, and glosses over devastating effects on the U.S. economy.
On Nov. 1, presidential candidate and Sen. Elizabeth Warren, D-Mass., announced a proposal billed as a financing plan for “Medicare for All.” Unfortunately, it does not even acknowledge, let alone finance, the costs of Medicare for All.
$52 trillion dollars. That’s the price-tag for Elizabeth Warren’s plan to bring single-payer, government-run health care to America. And, believe it or not, that number may actually be a conservative estimate for what Medicare-for-all would cost.
Sen. Elizabeth Warren's plan to pay for "Medicare for All" without raising taxes on the middle class departs from how the U.S. has traditionally financed bedrock social insurance programs. That might impact its political viability now and in the future.
The Working Group on Health Care Policy devises public policies that enable more Americans to get better value for their health care dollar and foster appropriate innovations that will extend and improve life.