Volume I | November 2019
Warren's plan for Medicare for All
Sen. Warren's plan calls for over 10 yrs:
  1. $7 trillion in healthcare savings
  2. $6 trillion transfer from states to the Federal government
  3. $20 trillion added Federal costs
  4. $11 trillion savings to individuals
She plans to get:
  1. Employers to pay $8.8 trillion ($200 billion less than currently)
  2. $2.3 trillion more in current taxes with better funding and use of IRS resources (directed toward top 1%)
  3. $2.9 trillion in new taxes on financial institutions, foreign earnings and net worth over $50 billion
  4. $0.4 billion in taxes on new citizens from immigration reform
  5. $0.8 trillion in savings on defense spending.

Sen. Elizabeth Warren announces her plan to pay for Medicare for All.
Our analysis
  1. There are no details for costs. There may be trillions of dollars in savings that have been missed.
  2. Her savings estimates may ultimately be shown to be too high by about 40%
  3. Her revenue estimates could be too high by as much as 50%.
  4. Her redirection of $8.8 trillion from employers may be unrealistic and seems unbalanced.
  5. Her redirection of $6 trillion from states and local governments is a glaring missed opportunity to help local communities.
  6. But she has some good ideas and has shown that there is more than one path to Medicare for All.

ACAMFA has a plan that details costs and savings that requires no new taxes and has a balanced approach to savings for individuals, employers, and state and local governments.
website
The American Council to Advance Medicare for All, a non-profit, non-partisan educational organization, offers more details of our analysis of Sen. Warren's financial plan and transition plan, the bills before Congress, Mayor Buttigieg's plan, public option plans and our plan on our website.
What is clear is that we can't afford to continue with our current healthcare system.  
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2019 Employer Health Benefits Survey:
  • Annual premiums for employer sponsored health coverage reached $20,576 in 2019
  • Workers pay an average of $6,015 in premiums
  • Over the past 10 years, the total cost of premiums has increased 53% and workers' shares have increased 71%
  • The average annual deductible for single coverage is $1,655, a 100% increase over the past 10 years.
  • 28% of workers have deductibles over $2,000
  • 56% of small firms offer health benefits to workers, compared to 99% of large firms
PUBLISHED Sep. 25, 2019

COMING UP in our next newsletter: What went wrong in VT and MA. A look at state initiatives.