Today, I’m releasing my plan to pay for #MedicareForAll. Here’s the headline: My plan won't raise taxes one penny on middle-class families. In fact, we'll return about $11 TRILLION to the American people. That's bigger than the biggest tax cut in our history. Here's how:
Health care costs are rising and crushing families. And a serious diagnosis can financially ruin a middle-class family even if they have insurance. We let private insurance and drug companies profit from that pain. Enough. We need a system that reflects our values.
The best plan is #MedicareForAll—the only plan that gives everyone in America full coverage, with the freedom to see any doctor, with no premiums, copays, and deductibles—so getting sick doesn’t mean you go broke. No restrictions, no surprises, no more bills.
#MedicareForAll finally brings true choice to the health care system. The choice to see the doctor you want, to get the prescriptions you need, pick the job or start that small business you want without worrying about where your health insurance will come from.
My #MedicareForAll plan would end the stranglehold of health costs on American families. It would return a whopping $11 trillion to families who will never pay another premium or medical bill. It would be one of the greatest federal expansions of middle-class wealth in history.
Let’s get to the math! (All backed up by independent experts and economists.) First, we’re going to rein in the waste, inefficiency, and corporate profiteering by insurance and drug companies. And we’ll bring down out-of-control costs.
Instead, we’re going to spend more on care itself. And thanks to getting rid of all the waste in the system, we can offer top-of-the-line care for all 331 million people in the U.S. for LESS than what we’ll pay if we do nothing to fix our broken system now.
How is it paid for? Well, 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 by #MedicareForAll.
To cover the cost, we start by taking the money that employers are currently paying in the form of premiums to private insurance companies and have them pay it to Medicare instead.
We cover the remaining $11 trillion largely with taxes on big corporations, Wall Street, and the top 1%—and enforcing the tax laws we have now. Add in a targeted cut to a Defense Dept slush fund and that’s it. You’ll find full details in my plan here: elizabethwarren.com/plans/paying-f…
Achieving #MedicareForAll isn’t going to be easy, but I’m in this race to fight for American families. In the coming weeks, I will also release a transition plan—and I will start lowering health care costs and increasing coverage as soon as I’m sworn in as president.
I am fighting for #MedicareForAll. I have the only detailed plan to pay for it. And we are the only Democratic primary campaign that has laid out the true, full costs of any health care plan, Medicare for All or otherwise. I look forward to others doing the same.
