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Re: Elizabeth Warren' Healthcare Details

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Message 31 of 36

and this will only cost 52 trillion dollars our national budget is 3-4       trillion  . do you think this will not cost the middle class anything?  jobs will be eliminated and taxes will rise it's enevitible but thats ok because you have free health insurance. this plan is nuts even people in her own party are starting to say as much. health insurance is a issue but holy macrel this plan is insane leave my health insurance alone      your. basic math doesn't work

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Re: Elizabeth Warren' Healthcare Details

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Message 32 of 36

@gordyfl wrote:

Not a good approach by her (Elizabeth Warren). She seems not to understand the current system. There are better ways.


++++++++++++++++++++


Warren spent most of her career as one of the nation’s experts on middle-class family costs, and in 2007 she wrote one of the major game-changing studies exposing the severity of medical bankruptcies. Her co-authors? David Himmelstein and Steffie Woolhandler, co-founders of Physicians for a National Health Program.


https://www.ncbi.nlm.nih.gov/pubmed/19501347


When writing her Medicare for All plan, Elizabeth Warren did what she does best: her homework. She consulted the experts, she double-checked the numbers.
The plan that Sen. Elizabeth Warren just released is another enormous win for Medicare for All. Here’s why.


To begin, her plan covers everybody, with zero out-of-pocket expenses. “Medicare for All” is a great brand. It is a deeply appealing vision (as evidenced by the enthusiasm that Bernie generates among the working class) that we can use to drive enormous turnout from voters who often stay home out of cynicism about what either party will do for them.


Lately, debate moderators have been salivating at the idea of getting Warren to admit that her plan will be paid for by creating a new employer-side tax. (Bernie has already said as much — because he’s a no BS, courageous guy, and everyone has been assuming that it would be necessary.)


So how does she pay for it? Here is where the brilliance of this plan’s political economy really shines brightest. Warren pays for her plan by targeting the bad actors who are making our health care system so expensive and wasteful.
On the revenue side, she eliminates the ability of corporations to hide their profits overseas and the ability of megawealthy families like the Kochs and the Waltons and the Sacklers to avoid taxes through accounting gimmicks and the capital gains loophole.

She bumps up her wealth tax.

She funds the IRS properly, so the agency can actually collect that revenue .

And then the plan fills in the revenue with an employer-side tax that is equal to current employer health care expenses.


Then, Warren shows how a single-payer system, and only a single-payer system, will dramatically reduce costs. This is what all credible analyses make clear:

 

With only Medicare paying the bills, we get huge savings. Administrative costs plummet. Wasteful billing and cost-shifting disappears. Outrageous drug prices get negotiated down to something reasonable.


This is why Medicare for All works so much better than the public-option plans that other candidates are offering.


https://theintercept.com/2019/11/01/elizabeth-warren-medicare-for-all/

 


We already have a type of Medi Care for all so her starting point is not true. Her ending point is fine for that section but with our system you get their through the ACA and improving on it. It might take a few steps. Her payment plan  does not work since her total if you check is about the total we will spend without her plan. A lot of the savings you show would happen and will when we adjust our current system. The use of a Trust fund allows to really go after the things that increase the cost to the total health care system. One thing all must realize the 4 years after Trump is out of Office will be spent cleaning up his mess and in health care that means saving the ACA. Once that is done you then move on. All of the people running should not tell us they would do a program such as she outlines as that will not happen. She is a policy wonk, and the best one of the group. Policy wonks can miss out on reality when they draw up plans which why there are very few who ever get to govern. Obama wanted to have her run the dept she drew up for him, but he could not due in part to that.

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Re: Elizabeth Warren' Healthcare Details

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Message 33 of 36

Not a good approach by her (Elizabeth Warren). She seems not to understand the current system. There are better ways.


++++++++++++++++++++


Warren spent most of her career as one of the nation’s experts on middle-class family costs, and in 2007 she wrote one of the major game-changing studies exposing the severity of medical bankruptcies. Her co-authors? David Himmelstein and Steffie Woolhandler, co-founders of Physicians for a National Health Program.


https://www.ncbi.nlm.nih.gov/pubmed/19501347


When writing her Medicare for All plan, Elizabeth Warren did what she does best: her homework. She consulted the experts, she double-checked the numbers.
The plan that Sen. Elizabeth Warren just released is another enormous win for Medicare for All. Here’s why.


To begin, her plan covers everybody, with zero out-of-pocket expenses. “Medicare for All” is a great brand. It is a deeply appealing vision (as evidenced by the enthusiasm that Bernie generates among the working class) that we can use to drive enormous turnout from voters who often stay home out of cynicism about what either party will do for them.


Lately, debate moderators have been salivating at the idea of getting Warren to admit that her plan will be paid for by creating a new employer-side tax. (Bernie has already said as much — because he’s a no BS, courageous guy, and everyone has been assuming that it would be necessary.)


So how does she pay for it? Here is where the brilliance of this plan’s political economy really shines brightest. Warren pays for her plan by targeting the bad actors who are making our health care system so expensive and wasteful.
On the revenue side, she eliminates the ability of corporations to hide their profits overseas and the ability of megawealthy families like the Kochs and the Waltons and the Sacklers to avoid taxes through accounting gimmicks and the capital gains loophole.

She bumps up her wealth tax.

She funds the IRS properly, so the agency can actually collect that revenue .

And then the plan fills in the revenue with an employer-side tax that is equal to current employer health care expenses.


Then, Warren shows how a single-payer system, and only a single-payer system, will dramatically reduce costs. This is what all credible analyses make clear:

 

With only Medicare paying the bills, we get huge savings. Administrative costs plummet. Wasteful billing and cost-shifting disappears. Outrageous drug prices get negotiated down to something reasonable.


This is why Medicare for All works so much better than the public-option plans that other candidates are offering.


https://theintercept.com/2019/11/01/elizabeth-warren-medicare-for-all/

 

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Re: Elizabeth Warren' Healthcare Details

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Message 34 of 36

@gordyfl wrote:

warren tax plan healthcare.jpg

 


Not a good approach by her. She seems not to understand the current system. There are better ways. Go read my post on this the thread that covers the same subject and you will see one way.

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Re: Elizabeth Warren' Healthcare Details

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Message 35 of 36

warren tax plan healthcare.jpg

 

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Elizabeth Warren' Healthcare Details

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Message 36 of 36

"If you're not in the top 1%, Wall Street, or a big corporation — congratulations, you don't pay a penny more and you're fully covered."


It won't be a burden. It will be a relief.


Sen. Elizabeth Warren released a 'Paying for Medicare for All' proposal on Friday morning.
"When it comes to health care, what's broken is obvious," Warren explained. "A fractured system that allows private interests to profiteer off the health crises of the American people. A system that crushes our families with costs they can't possibly bear, forcing tens of millions to go without coverage or to choose between basic necessities like food, rent, and health—or bankruptcy."


According to the basic layout put out by her campaign:


Every person in America—all 331 million people—will have full health coverage, and coverage for long-term care.


Everybody gets the doctors and the treatments they need, when they need them. No more restrictive provider networks, no more insurance companies denying coverage for prescribed treatments, and no more going broke over medical bills.


Warren would pay for her plan in the following ways:

 

  • Employer contributions: Instead of paying premiums to insurers, companies would send an estimated $8.8 trillion over 10 years to the federal government as an "Employer Medicare Contribution."
  • Taxes on the wealthy: Billionaires would be subject to a new tax of three cents on the dollar on net worth above $1 billion. This is in addition to the wealth tax she announced earlier this year, which would also place a 3 percentage point levy on billionaires. Also, the wealthiest 1% would be taxed on capital gains income annually, rather than at the time of sale, and the capital gains rate would be raised to match income tax rates.
  • Collect $2.3 trillion by empowering the Internal Revenue Service to crack down on tax evasion and fraud, redirecting the agency's focus to high-income earners.
  • A financial transaction tax of .01% on the sale of stocks, bonds and derivatives.
  • Taxing additional take-home pay: Since employees would no longer have to pay their share of health care premiums, their take-home pay would go up.

A tax on stock transactions to help pay for universal healthcare. Where have I heard that before?
Oh yeah....


"If you walk into a store today and you buy a book or you buy furniture, in most states you pay sales tax. But, you know, the fat cats on Wall Street who buy millions of shares and hundreds of thousands of options everyday and trillions of dollars of transactions every week, they don't pay any sales tax. It's time for a tax on stock transactions.".....

 

 

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