Chart Review Medicare for All (M4A) plan

Andrew Strohman, Health Care Data Analyst November 8, 2019

Senator Elizabeth Warren recently released her new Medicare for All (M4A) plan, which she claims would require $20.5 trillion in new federal spending over a 10-year period to finance, substantially less than the $32-34.67 trillion estimated by organizations such as the Urban Institute, the Mercatus Center, and the Center for Health and Economy. While Warren’s underlying cost assumptions are debatable, it is important to look at her funding streams, as well. First, since M4A would abolish private insurance, employers’ existing health insurance payments would be replaced by a mandated Employer Medicare Contribution of $8.8 trillion (while maintaining current tax deductions on employer health spending). Warren also estimates increased take-home pay for employees under M4A, which would be subject to existing income taxes and yield $1.4 trillion in revenue. Next, better enforcement of existing tax law, Warren claims, would bring in an additional $2.3 trillion. Undefined reforms to immigration and an elimination of the Overseas Contingency Operations Fund (OCO) would bring in $1.2 trillion, combined. Finally, new taxes on financial firms, large corporations, and the top 1 percent of income earners would bring in the remaining $6.8 trillion needed to fund the program, she asserts.

Data obtained from the Elizabeth Warren campaign

https://www.americanactionforum.org/weekly-checkup/medicare-for-all-ascendant-yes-but-popular/#ixzz654f6NhQf
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