Tags: 2020 Elections | Healthcare Reform | medicare for all | elizabeth warren | pay fors | trillion | single payer

NBC: Experts Have Ideas to Fund Warren's Medicare for All

elizabeth warren throws up both hands during the democratic presidential primary debate
Sen. Elizabeth Warren, D-Mass. (John Minchillo/AP)

By    |   Thursday, 17 October 2019 07:51 PM

Democratic presidential contender Sen. Elizabeth Warren, D-Mass., has yet to provide a detailed funding plan for her Medicare for All program because determining a price tag is difficult to figure out, though some health experts have an idea of what would work, reports NBC News.

According to liberal think tank Urban Institute, a full scale "Medicare for All" program is the costliest of healthcare proposals at $34 trillion over a decade.

Robert Pollin, an economics professor at the University of Massachusetts who has conducted cost estimates, says federal spending would bump up to $2.9 trillion a year.

Pollin's study was funded by the National Nurses United, which has backed Sen. Bernie Sanders, I-Vt., and supports Medicare-for-All. His plan calls for eliminating 19% of total healthcare spending, with 9% of savings coming from reducing administrative costs.

"It's easy to design a system in which middle-class households will pay less, because the system costs less," Pollin said. "The other stuff is details."

Federal spending on healthcare under current law is $1.3 trillion.

Warren's campaign Wednesday said the Massachusetts lawmaker was "reviewing the revenue options suggested by the 2016 Bernie campaign along with other revenue options. But she will only support pay-fors that meet the principles she has laid out in multiple debates," according to CNN.

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Some health experts have an idea of what would work for Democratic presidential contender Sen. Elizabeth Warren, D-Mass., to provide a detailed funding plan for her Medicare for All program, according to NBC News.
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Thursday, 17 October 2019 07:51 PM
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