Despite openly disagreeing with Massachusetts Sen. Elizabeth Warren's single-payer healthcare plan, Moody's Analytics Chief Economist Mark Zandi says the numbers check out, and the Democratic presidential candidate's plan is fully financed without adding a new tax on the middle class, according to an op-ed he wrote for CNN Business.
"Criticism that Senator Warren's Medicare for All plan can't be paid for, at least not without putting a greater financial burden on lower- and middle-income Americans, is wrong," Mr. Zandi wrote. He was asked by Ms. Warren's campaign to review the plan, and in the op-ed, walks through his reasoning on each of the main funding mechanisms for the plan, including employer premiums, income and payroll taxes, bank taxes, and the wealth tax.
"I don't agree with Warren's vision for our healthcare system, but I admire that she has clearly and credibly laid out that vision and that she sought out the opinions of those who may disagree with her to provide independent validation of her numbers," Mr. Zandi wrote. "That's the kind of rigor we should expect from all of our presidential candidates."
Read the full column here.
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