Sen. Elizabeth Warren, D-Mass., faced scrutiny in the latest Democratic presidential debate for skating around a question about whether "Medicare for All" would require a tax increase on the middle class. She didn't answer the question because she couldn't, an adviser who helped her campaign develop the wealth tax told Bloomberg.
That adviser, Emmanuel Saez, PhD, an economics professor at University of California, Berkeley, told Bloomberg Ms. Warren's current tax proposal is not nearly enough to cover a full health system revamp.
Ms. Warren is campaigning on a platform that includes a wealth tax, corporate surtax, estate tax increase and elimination of the Trump administration's tax cuts. Together, these new taxes and tax increases would generate $7.3 trillion, which covers the cost of her plans, which total $5.9 trillion without healthcare. The remaining $1.4 trillion would not cover even a year of a Medicare for All rollout, which is estimated to cost $30 trillion over 10 years, according to the report.
While Ms. Warren has not addressed the tax question, she says overall costs for middle class families will go down. "I will not sign a bill into law that does not lower costs for middle-class families," she said at the debate Oct. 15, according to Bloomberg.
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