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Mayor Pete’s new talking point against Medicare for All poses an unfortunate problem for him. Pete likes to claim that M4A will raise taxes on the middle class — but his own health plan will cost middle-class families *way* more than M4A. Oops. (1/5)
Pete likes to recite the line that Bernie’s M4A plan “raises taxes on every American making over $29,000.” But for most Americans, the premiums in Pete’s plan are *double* the size of that tax. And Pete’s plan includes a deductible - which he hasn’t even specified. Uh-oh. (2/5)
Pete’s plan caps premium payments at 8.5% of income. His campaign’s white paper says that a person earning $50,000 would “pay no more than $4,250 annually.” Bernie’s M4A plan includes a 4% tax, so a person making $50,000 would pay $2,000. (3/5)
Then there’s overall spending. Medicare for All will lower overall health care costs. Pete’s plan maintains the employer-based health insurance system and keeps all its waste & useless charges, making it even more expensive than the status quo. (4/5)
In tonight’s debate, if Pete says Medicare for All will raise taxes, moderators & journalists should ask why families pay more under his plan & what his deductible would be. His health plan may be great for insurance execs & his donors, but it’s a mess for the rest of us. (5/5)
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