Elizabeth Warren's BRILLIANT Medicare For All Plan.

Reply Fri 1 Nov, 2019 10:28 pm
Elizabeth Warren has released her plan for Medicare for All! Cenk Uygur, Maytha Alhassen, and John Iadarola, hosts of The Young Turks, break it down.

"Sen. Elizabeth Warren says paying for "Medicare for All" would require $20.5 trillion in new federal spending over a decade. That spending includes higher taxes on the wealthy but no new taxes on the middle class.

The Democratic presidential candidate released her plan to pay for Medicare for All on Friday after being dogged for months by questions of how she would finance such a sweeping overhaul of the health care system. That pressure has been intensified by the fact that Warren has made detailed proposals a central part of her brand as a candidate.

Medicare for All is a single-payer health care proposal introduced by Sen. Bernie Sanders and cosponsored by multiple candidates in the presidential race, including Warren. It would virtually eliminate private insurance, including employer-sponsored coverage."

Published November 1, 2019

Reply Sat 2 Nov, 2019 09:39 am
@Real Music,
Puts the Sanders fans in a pinch. Here is someone with a real plan on paper. Sanders has put out some ideas but no concrete plans saying that those will be debated after the election.
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Reply Sat 2 Nov, 2019 12:53 pm
@Real Music,
She is guaranteed to lose with that plan. Tell her to keep it up front in her campaign.
Reply Sat 2 Nov, 2019 01:46 pm
that plan is flawed in several big ways. I hate to agree with pinky but he's right. IM A DEM. Having the govt inheret the big chunk of money without any real accountability i lik what it did with the Hiwy Trust Fund. LOTSA ADMIN, with ubcontractors doing the work at maximum overdrive . If the industries are subject to tax review and accountability via the carriers accountability an rate hikes needing to be approved. THAT WORKS A WHOLE LOT BETTER.

Canada's life expectancy isnt longer than ours because of some miraculous health system. They still come down here for anything complicated an being a Canadian aint too tough.
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Reply Sat 2 Nov, 2019 02:07 pm
I've posted two other analyses of her plan on another thread:


Reply Sat 2 Nov, 2019 04:35 pm
well, they were well thunk out. I especially liked the Krugman first piece.
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Reply Tue 5 Nov, 2019 06:16 am
@Real Music,
Real Music wrote:

"Sen. Elizabeth Warren says paying for "Medicare for All" would require $20.5 trillion in new federal spending over a decade. That spending includes higher taxes on the wealthy but no new taxes on the middle class.

Instead of just analyzing where the taxes will be charged, they should analyze where the money will go and what it will do to the economy in terms of resource utilization/waste and inflation.

They should also look at where the health care spending will go, in terms of overpriced pharmaceuticals and other companies that already make a killing without providing universal access to all.

When companies make so much money serving a subset of the population at prices that keep the majority of people out of the market, then why should you pay them more at those prices to serve more people?

If you want them to take care of more people, you have to either simply get those who produce more drugs and services to do so at their current revenue rates or you have to induce competition so they end up losing money if they fail to serve more people.

Just giving health care more money by taxing the rich more will just funnel more money into the stock market, which will result in smarter business people figuring out ways to move that money around in ways that wastes the money. Even if they do produce more because you pay them more, the extra money circulating through the economy is going to cause continuing environmental/sustainability problems and inflation.

If you want universal health care you should make health care affordable. Health care should be so affordable for those who need it that you don't have to tax anyone to get it. It's just a question of allowing people who want to work for it to get the necessary education and skills and then to create their own markets at affordable prices, including producing drugs that aren't affordable due to anti-competitive market control efforts by the present industry.
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Real Music
Reply Fri 15 Nov, 2019 04:44 pm
Elizabeth Warren lays out ambitious four-year timeline to transition to Medicare for All.

Published November 15, 2019

WASHINGTON—Senator Elizabeth Warren on Friday laid out an ambitious plan to transform the nation’s health insurance system to Medicare for All in just four years, using a budgetary maneuver in Congress to create a “Medicare for all option” at the outset of her presidency before finalizing the transition through regular legislation in her third year.

The aggressive timeline would require Warren to spend a significant amount of political capital on health care early in her term, and comes as the thorny issue has become increasingly central Warren’s presidential candidacy with the Iowa caucuses approaching.

“Every step in the coming fight to improve American health care — like every other fight to improve American health care — will be opposed by those powerful industries who profit from our broken system,” Warren wrote in a Medium post outlining her plan. “But I’ll fight my heart out at each step of this process, for one simple reason: I spent a lifetime learning about families going broke from the high cost of health care.

In recent months, Warren’s support for Medicare for All, a system of single-payer health insurance prominently supported by Senator Bernie Sanders, another Democratic presidential contender, has made her a target for criticism on both the left and the right.

Two weeks ago, following weeks of pointed questions from her rivals, Warren released a plan to fund a $20.5 trillion Medicare for All plan without raising taxes on the middle class, but it was immediately derided by rivals who said the plan was not realistic.

Presidential candidates like former Vice President Joe Biden and South Bend Ind., Mayor Pete Buttigieg have proposed plans that would expand public health insurance options while leaving more room in the system for private insurance.

On Friday, Warren seemed to attempt to head off criticism of her transition plan by pointing out that any plan that expands public coverage will be a heavy lift.

“Any candidate who believes more modest reforms will avoid the wrath of industry is not paying attention,” Warren said.

Warren’s plan is essentially divided into two phases. In the first, which she says would play out during her first 100 days in office, she would use the budget reconciliation process — which requires only 50 votes in the Senate — to create a Medicare for All “option” that would be available for anyone to buy into, and which would be free for Americans under 18 and families living under twice the poverty line. Americans over 50 would be able to enter an expanded version of the traditional Medicare plan.

During that time, she also says she would dramatically lower the prices of drugs like insulin and EpiPens; protect people with pre-existing conditions; expand enrollment in the Affordable Care Act; and prohibit Medicaid restrictions like work requirements.

Warren has built her presidential campaign on a series of ambitious policy proposals, and she has advocated for the elimination of the Senate filibuster to get it all done. Her decision to turn to the budget reconciliation process to expand Medicare at the outset of her presidency, however, may be an acknowledgement that will not be possible to do that right away.

“ I’m not going to wait for this to happen to start improving health care – and I’m not going to give [Senate Majority Leader] Mitch McConnel or the Republicans a veto over my entire health care agenda,” Warren wrote.

The second phase would come by the third year of her presidency. Warren said she will “fight” to pass legislation that would complete the transition to Medicare for All, which is when private insurance companies would be mostly eliminated. Only 742 words of the more than 8,900 word proposal deal with that phase of the effort, which would probably be very complex.

In the post, Warren acknowledges private insurance would have some role in her new system. Sanders plan, she points out, allows for it to cover services that aren’t covered by Medicare for All. “For unions that seek specialized wraparound coverage and individuals with specialized needs, a private market could still exist,” she wrote.

Warren also said “private employer coverage that reflects the outcome of a collective bargaining agreement” could be “grandfathered” into the new system so workers receive full benefits of a bargain before they move into the new system.

“But the point of Medicare for All,” Warren wrote, “is to cut out the middleman.”

0 Replies

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