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Elizabeth Warren's Plan to Finance Medicare for All Is a Disaster
Elizabeth Warren released her Medicare for All financing plan today. The main purpose of the proposal appears to be to find a plan that you can message as "not increasing middle class taxes," which is of course a nonsensical goal insofar, as Warren herself has said, what matters is middle-class health care costs, not whether you categorize those costs as premiums, taxes, or out-of-pocket expenses.

Nonetheless, bowing to the stupid media discourse on this, Warren put forward a financing proposal that is clearly unworkable and bad. The proposal is as follows:

   

  • Employers will be required to pay an "employer Medicare contribution" equal to 98 percent of their per-employee health care costs in the year prior to Medicare for All's implementation. This will mean that initially some employers pay more than others since that is already the case in the status quo. But over time, each employer's contribution will be gradually converged to average employer Medicare contribution until every qualifying employer is paying the same amount per employee.

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  • Employers with less than fifty employees would be exempt from the employer Medicare contribution both initially and forever.

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  • Independent contractors (and the companies who hire them) will also be exempt from the employer Medicare contribution both initially and forever.
  • He really doesn't like it.

    by generic on Wed Nov 6th, 2019 at 07:44:26 AM EST
    [ Parent ]
    Elizabeth Warren Offers to Meet With Bill Gates and Talk Wealth Tax After His Criticisms
    Gates said, "If I had to pay $20 billion, it's fine. But when you say I should pay $100 billion, then I'm starting to do a little math about what I have left over."

    When asked if he would meet with Warren, Gates responded, "I'm not sure how open minded she is - or that she'd even be willing to sit down with somebody who has large amounts of money."

    The 2020 candidate herself responded on Twitter tonight, "I'm always happy to meet with people, even if we have different views. @BillGates, if we get the chance, I'd love to explain exactly how much you'd pay under my wealth tax. (I promise it's not $100 billion.)"

    by das monde on Thu Nov 7th, 2019 at 09:06:11 AM EST
    [ Parent ]
    He is fine with paying 20 billion but not 100 million?

    Then I have a win-win solution, let him pay 20 billion!

    by fjallstrom on Thu Nov 7th, 2019 at 02:25:44 PM EST
    [ Parent ]
    It keeps getting worse:
    by generic on Sat Nov 16th, 2019 at 01:46:03 PM EST
    [ Parent ]

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