(Photo Source: CNN.com)

What is the “Medicare For All” plan?

Democratic presidential candidate Elizabeth Warren, a leading proponent of Medicare for All, has often been criticized for how America would pay for the system. Warren responded this week by releasing a plan explaining how she would fund Medicare for All–without raising taxes on the middle class.

Warren’s plan would boost a 3% wealth tax on Americans making more than a billion dollars to 6%, which would cover the cost of the plan, she says.

“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,” Warren announced on Twitter.

Warren said the American health care system is in desperate need of reform because medical bills are “crushing” middle-class families.

“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,” Warren tweeted. “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.”

Kaya W. November 1, 2019