Sanders: No Plan To Pay For Medicare for All

Gage Skidmore, CC BY-SA 2.0

Oct 29, 2019

CNN – Vermont Sen. Bernie Sanders said he doesn’t need to come up with a detailed plan right now of how much his signature “Medicare for All” health care plan would cost individual Americans.

Sanders told CNBC in an interview published Tuesday:

“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,”

His comments come after Massachusetts Sen. Elizabeth Warren said she would put out a plan in the coming weeks on how to pay for Medicare for All, which she has endorsed.

Warren’s announcement came after being repeatedly pressed on how she would pay for the sweeping national health insurance plan without raising taxes on the middle class.

A recent study by the Urban Institute said federal spending on health care would increase by roughly $34 trillion under a single-payer plan similar to Medicare for All.

That number is in line with earlier studies that pegged the cost at around $32 trillion.

Sanders said: “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 has not detailed how he would raise the revenue needed to pay for Medicare for All, but he included a variety of options when he released his 2016 campaign proposal and his updated bill in April.

Among those listed in his most recent iteration are a 4% levy on employees, exempting the first $29,000 in income for a family of four. He also suggests imposing new taxes on employers … Read more. 

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