[ April 23, 2024 ]
This is outrageous. The economically illiterate Elizabeth Warren is clearly living in an alternate universe. Warren does not understand that American employers will either slash their workforce to cover her theft, or simply close down and move their operations out of the United States. President Trump has given America the strongest economy in history. A President Warren would give America another Great Depression. There is not a greater threat to the United States than the Democrat Party. America is literally on the line in 2020.
Warren calls for nearly $9 trillion tax on employers to fund ‘Medicare for all’
The Washington Examiner, November 11, 2019:
Story continues below advertisementElizabeth Warren released a long-awaited “Medicare for all” funding plan after coming under pressure by Democratic rivals about how to fund such a system without middle-class tax increases.
The plan, published Friday, would raise $20 trillion in taxes on employers, financial firms, giant corporations, and the top 1% of earners, including raising $2.3 trillion by cracking down on tax evasion. The estimate from the Warren campaign, that the federal government will need to spend $20 trillion more to get “Medicare for all,” is $14 trillion lower than many outside analysts have predicted.
Warren says she can get there through savings over time with lower administrative costs, paying providers less, and by redirecting health care spending from state governments, even though other estimates that take these changes into account disagree with that conclusion.
“We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Warren, a senator from Massachusetts, said in a Medium post detailing her payment plan. Instead, she estimates that because people will no longer be contributing to premiums in their paychecks, they’ll be taking home more money and that would in turn help raise $1.4 trillion.
Elizabeth Warren Wants To Pay for Medicare for All With a $9 Trillion Tax That Will Hit the Middle Class
Warren says it’s not a tax. But what else would you call a requirement that employers send money to the federal government to finance a public program?
By Reason, November 11, 2019:
For months, Sen. Elizabeth Warren (D—Mass.) has hedged on the question of whether she would raise middle class taxes to pay for Medicare for All, the single-payer health care plan she says she supports. Warren has stuck with a talking point about total costs, saying that the middle class would pay less, while critics, political rivals, and even liberal economists friendly to single payer have argued that the enormous additional government spending required by such a plan would inevitably hit the middle class.
Today, Warren released a plan to finance Medicare for All at a total price tag of nearly $52 trillion, including about $20 trillion of new government spending (an estimate that is probably low). Although her plan declares that no middle-class taxes will be necessary to finance the system, it includes what is effectively a new tax on employers that would undoubtedly hit middle-class Americans.
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31 Comments
4 years ago
4 years ago
4 years ago
Reply to
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
Look at her! With her arms out like that or the other one on the right showing her giving the Black Power sign. What a joke! ???? She really thinks because she’s a Massachusetts Senator that she’s like one of the Kennedy klan. Lol She’s nothing but an Okie from Muskogee but acts like she’s the second coming. Drives me absolutely insane! I want another election where President Trump takes her down just like he did Hillary the cow! I could live that night over and over. Watching the media blow a gasket made my night but nothing could compare to watching the faces of the Hillary feminists crying and screaming! It was absolutely the best!???????? ????????????????????????????????????????????????????????????????????????????????
4 years ago
4 years ago
That would destroy Medicare and bankrupt our country.
She also wants ILLEGALS and OPEN BORDERS because they will help PAY for medicare for all.
LOL! These people will be the ones driving our bankruptcy and benefiting the most
as people like you and I PAY for it. If Obamacare is a disaster, imagine the magnitude of Medicare for all on the disaster scale.
4 years ago
The Dirty Secret Behind Elizabeth Warren’s Medicare-For-All
BY VERONIQUE DE RUGY | OCT 23, 2019 | MEDICARE
…
As Brian Riedl notes recently, one of the ideas floating around is that we simply need to come up with a $35 trillion tax to pay for it all (I am not kidding). He writes, “Proponents [of M4A] assert that the $35 trillion that families and businesses are currently projected to pay over the next decade in health premiums, out-of-pocket expenses, and state taxes to fund Medicaid would all be replaced with a $35 trillion federal ‘single-payer tax….”
Yet we have no details of how that would work in practice, and no one who supports M4A so far has offered an actual plan for the elusive $35 trillion replacement tax. Riedl writes, “Congressional Budget Office data show that raising $35 trillion would require a payroll tax increase of 39 percentage points, or a value-added tax of 91 percent – an enormous burden even for families no longer paying premiums.”
…
Meanwhile, Elizabeth Warren has vehemently refused to say if the middle class would see its taxes go up to pay for M4A or how she would pay for this. As the Wall Street Journal reported, for instance, during the debate Ms. Warren, the new leader in the polls, was given at least six chances to answer yes or no. She ducked every time. “Will you raise taxes on the middle class to pay for it, yes or no?” asked one of the media questioners.” The Journal continues, Ms. Warren replied: “So I have made clear what my principles are here, and that is costs will go up for the wealthy and for big corporations, and for hard-working middle-class families, costs will go down.” Later on she added, “Costs are going to go up for the wealthy,” and “costs will go down for hard-working, middle-class families.”
…
(It Is the MIDDLE CLASS that will pay for it. A Communist can not allow a middle class. They want the Lords governing over the peasants. They always use class warfare and raising taxes to keep others down and LIE about who will actually fund it. You would think after Obamacare people would have wised up.)
…
While Warren doesn’t want to talk about, we can still do the calculation for her. For one thing, she has been open about paying for all her new spending ideas with a wealth tax on the rich, a corporate surtax, an increase in the estate tax, and the elimination of President Donald Trump’s tax cuts. Her wealth tax would raise, she claims, $2.75 trillion over ten years. Reversing the tax cuts would raise revenue by another roughly $2 trillion over ten years. You can add to that another $3 trillion that her campaign says she will raise through other taxes on the rich.
However, once you spend $32 trillion on M4A, $1.07 trillion for universal childcare, $610 billion for free college, $640 billion for eliminating student debt, $100 billion to combat the opioid crisis, and some other smaller programs, you are still left with a $30 trillion gap.
That’s 30,000,000,000,000 over ten years. It also ignores the dead weight losses of all this spending and new taxes on top of their inability to truly raise as much revenue as planned.
The bottom line is this: while M4A is getting a lot of favorable attention these days, proponents will continue to tout the benefits of a reform that lowers costs for some, (illegals, third world invaders, fake refugees, fake asylum seekers) while staying as far as they can from actually proposing a way to pay for it. But as PJ O’ Rourke famously said, “If you think health care is expensive now, wait until you see what it costs when it’s free.”
4 years ago
Reply to
felix1999
I am not surprised she hasn’t been given and “Epstein”,, so I guess they know she will getting a quicksand shower.
4 years ago
Warren says she can get there through savings over time with lower administrative costs, paying providers less, and by redirecting health care spending from state governments,…
Now why would anyone question the truth as revealed by no less than Elizabeth Warren? I mean, government has such a sterling record of both estimating costs of various programs and using taxpayers money frugally.
4 years ago
Reply to
Liatris Spicata
she has big dreams and big expectations. Not a recipe for success
4 years ago
“… including raising $2.3 trillion by cracking down on tax evasion…” why aren’t you doing this right now Warren? You’re in Congress and doing nothing.
4 years ago
Reply to
justmewhoelse12
How about cracking down on government waste and frivolous studies, grants and research projects
like the sex habits of lesbians in bars?
This is really small potatoes in the grand scheme of government waste that you pay for!
4 years ago
SOVIET STYLE:
Sanders Says ‘I Don’t Have to’ Tell You How He’ll Fund Universal Healthcare
posted by Hannity Staff – 10/30/19
Vermont Senator Bernie Sanders sat-down for an interview with CNBC’s John Harwood this week; refusing to specify exactly how he would finance his $32 trillion ‘Medicare for All’ program should he win the White House.
“The fight right now is to get the American people to understand that we’re spending twice as much per capita, that of course, we can pay for it. We’re paying it now in a very reactionary, regressive way. I want to pay for it in a progressive way,” said Sanders.
“You’re asking me to come up with an exact detailed plan of how every American — how much you’re going to pay more in taxes, how much I’m going to pay. I don’t think I have to do that right now,” he added.
“We have laid out a variety of options that are progressive. We’ll have that debate. At the end of the day, we will pay for every nickel of Medicare for All, and it will save the overwhelming majority of the American people, who will no longer pay premiums,” Sanders concluded.
…
https://hannity.com/media-room/soviet-style-sanders-says-i-dont-have-to-tell-you-how-hell-fund-universal-healthcare/
BAD NEWS FOR BERNIE: Poll Shows Most Voters OPPOSE ‘Medicare for All’ that Eliminates Private Insurance
posted by Hannity Staff – 9.23.19
…
A new poll released this week spells bad news for failing presidential hopeful Bernie Sanders; showing most Americans oppose a “Medicare for All” program that would eliminate private health insurance companies.
“Nearly two-thirds of Democratic primary voters questioned in a new NBC News/Wall Street Journal national poll say they support a government-run single-payer Medicare-for-all style system that would replace existing private insurance,” reports Fox News. “But among all voters, support for such a plan plunges to just 41 percent. About 56 percent of registered voters oppose a ‘Medicare-for-all’ plan that replaces private insurance.”
…
“Sanders’ plan is the most ambitious by far of Democrats’ slate of bills aimed at expanding health coverage, proposing a total restructuring of the the national health care system that would effectively eliminate employer sponsored insurance and other government programs like Medicaid,” reports Politico.
Sanders’ plan would also bar employers and businesses from providing healthcare options that compete with the government-run insurance scheme.
Economists say Bernie’s healthcare program will cost $32 trillion over the next decade.
4 years ago
Reply to
felix1999
Medicare for all , possible . First allow cheaper medicine imports . cut down cost of medicare by capping cost and fund it from taxes instead of wasting money .
India did it by capping cost on medicines and medical devices which were being charged at rates higher than
in EU !
china has free medicare for all, but for chronic conditions you need to take extra insurance which
costs lot less than in US.
EU has free medicare, no insurance companies involved.
Private insurance companies are playing rip off game and profiting from it wildly . Govt can collect the same premium and payout and cut out the insurance companies.
Just get professionals not govt officials to run it. If they don’t do good work , kick them out and get new ones.
Its Job for Life kind of scumbags who are worst performers as they know they can stay on job while not doing it. Like the veteran medicare service.
But the way Bernie and warren are thinking by tax and splurge is wrong way to do it,
4 years ago
Reply to
Suresh
Suresh, no, France has a half public half private system. Costly/chronic medecine is paid by the public system, otherwise costs are paid by private insurances. It is not free, employees pay for public + private insurance. The big burden is on the public hospital that are totally underfunded.
Nothing is free or the system is hidding slaves in plain sight (doctor and nurses in the hospitals).
4 years ago
Reply to
Suresh
They are importing people from third world countries to do just what you are describing. They hire them for tasks. For example, nurses used to draw blood. Now you have “technicians” who aren’t exactly confidence builders when you are the patient… Capping costs is done through this and QUALITY OF CARE suffers. You have less competent people and not the brightest and of course less legal Americans have jobs.
Hospitals and private practices are increasingly REJECTING government reimbursed hell care because they are not properly reimbursed. My GP, who recently retired, NEVER accepted insurance coverage but our care was top notch and so were referrals if needed. Often referrals were covered.
You will NEVER get professionals over government employees to run your single payer government hell care.
Trump has passed legislation where lifers that are sadistic and incompetent for Vets FIRED. They used to be untouchable. What Trump got through is VA choice!
The Veterans Choice Program
https://www.military.com/benefits/veterans-health-care/va-choice-act.html
Tax and spend is the ONLY way the socialists can fund this and the middle class will suffer the most and carry the brunt of the expense.
What you want seems to be available already – third world foreigners taking our jobs and working CHEAP etc.. If you want better health care stop giving it out literally for FREE to ILLEGALS, VISA people and other free loaders. THAT is what is driving up costs and LOWERING the quality of care. Someone has to PAY for it and it’s people like you that ARE paying for it. If you spread the risk over state lines it reduces the cost provided it is to LEGAL AMERICAN citizens instead of everything but that. Taxing employers will lead to LESS jobs and LOWER pay because of the increased cost.
The last thing anyone should want is OBAMACARE 2.0 which is what Medicare for all really is. Get the GOVERNMENT the HELL OUT OF MEDICAL CARE. I’d like to see the GOVERNMENT get out of the medical business. Anywhere you go where there is GOVERNMENT medical care it is a disaster – NHS or Canada are disasters. Canadians come her for better care than they are receiving and there is less time needed to WAIT to get the care you need.
4 years ago
Reply to
felix1999
so you think the fact that Americans spend the most and have one of worst health makes it Great ? who said this ? Can’t guess ?
Trump !
you are just brainwashed to blindly support the present system.
That does not mean tax and splurge will make it better.
I’ve already stated what needs to be done. you say professionals will not be allowed and then you say few sentences later that Trump got rid of he incompetent. That is good enough way to improve the systemic rot.
4 years ago
Maybe people should begin to understand that all the proposals that the Progressives are making are not designed to do anything rational. They are nothing more than weapons, in a Cloward-Piven strategic play to make the system fail and bring this country down.
Progressives are virulent enemies of the United States and the really nasty irony here is that they are getting to use the federal budget to carry out this anti-American scheme. If the still rational loyal citizens of the United States ever figure this out, there is going to be a civil-war.
4 years ago
She is knucking Futz. She will wither away-no wonder the Financial Control Board fizzled out.
4 years ago
Just another Dizzy Democrat with mental issues. She’s as much Native American as Obama is US born.
4 years ago
Who really pays for it? Workers get paid less, consumers pay more, for lower quality. That’s what really happens, when the situation is analyzed correctly.
4 years ago
Yet Chief Stinky Beaver and the other elected elite, along with government employees, will remain with their taxpayer funded super healthcare plan. Medicare For All is just for the common peons.
4 years ago
I detest this women so much! I think she is a liar, huge phony and if she ever gets into the White House she will most certainly bring this country to it’s knees so fast your head will spin. I think the ideas that she and old grumpy nasty Bernie Sanders have for the country are downright dangerous! I don’t see what anyone sees in either one of them other than the thought of freebies and that draws a lot of people into their web of evil. And yes I do think they are evil! So buyer beware and be careful what you wish for because it could be the very thing that does you in and not in a good way!
4 years ago
I CHALLENGE ANYONE TO REFUTE MY DISTURBING DISCOVERY:
This Government document will show what you will pay out-of pocket without private insurance.
It’s not pretty! My thesis is below the PDF.
https://www.medicare.gov/sites/default/files/2019-09/10050-medicare-and-you.pdf
HERE IS MY INFORMED, RESPONSE!
I CHALLENGE ANYONE FROM ANY SOURCE TO PROVE ME WRONG!
HERE IS MY INFORMED, RESPONSE!
I CHALLENGE ANYONE FROM ANY SOURCE TO PROVE ME WRONG!
I have a very analytical mind and even though retired I still am a Licensed, Wisconsin Insurance Agent, Health, Accident and Life. Disclosure, I have a Medicae Advantage plan which is currently $58 a month. In 2020 it will go down to $27 with more benefits and less out of -pocket.
I am deliberately summarizing the 3 main options to deal with Medicare out-of-pocket which is the purpose of my thesis.
Some very disturbing parts of Sen.Warren’s Medicare for All, are ringing alarm bells, in my head and I can’t find answers. I would likewise associate the same questions with Sen.Sanders plan.
As you know Medicare alone takes the Part B Deduction from Social Security.
There are very large gaps for out-of-pocket expenses which without Gap insurance can be confiscatory. So to counteract these we have 3 options: Extended coverage from a former employee; a Medicare Supplement with choice of riders and in WI they are basically the same. Med Sups require the separate Part D, Drug plan and the combined, monthly cost is expensive; Then we have The Medicare Advantage Plans. They provide, at very little or no premium. a good deal of coverage, including in many cases no premium for Drugs reasonable co-pays, pre-determined maximum, out-of pocket and for 2020 free Dental coverage, home visits, transportation to the Dr, etc. All Advantage Plans vary which is why we have an annual enrollment period to switch companies without pre-existing conditions. The one exception is end-stage renal disease, which a Med Supp, is indicated.
Here is my question? With Medicare for All and the abolition of private insurance, who will pay the confiscatory out-of pocket? What will happen to Dental, Drugs, Home Care, Rides to the Dr, etc, etc? We have these Gap policies because stand alone Medicare only covers 80% of what’s approved. With a ban on all insurance, who pays the missing 20% as well as all the massive out of pocket liabilities, including Dental, Vision, Podiatry, etc? If you thought ObamaCare had out of pocket, you ain’t seen nothing yet!
The only information is how much this is going to cost which is insane. I want to know about all the extra benefits disappearing. But worse still if Medicare for All for every Person, in America, includes all the bells and whistles like my Advantage plan then this will cost way more than $50 trillion, in the next 10 years. If Medicare for All is the bare bones, basic version then where do “We The People” find the money for the out-of-pocket?
If the Republicans ask my questions this could drive a stake through the heart of the Dems, election hopes, in 2020.
4 years ago
She only means she won’t be increasing taxes on the middle class because such a thing won’t exist, the bourgeoisie will become the proletariat — whether they like it or not.
