Sen. Elizabeth Warren says she agrees that Medicare-for-All could result in two million jobs lost.
The Massachusetts lawmaker made the comments during an appearance on New Hampshire Public Radio Wednesday when asked whether she agreed with a University of Massachusetts-Amherst economist who concluded a universal healthcare plan could result in huge job losses.
“I agree – I think this is part of the cost issue and should be part of a cost plan, although do recognize on this what we’re talking about and that is, in effect, how much of our healthcare dollars have not gone to healthcare? How many of those dollars have been pulled out in other directions?” she said.
Robert Pollin of UMass earlier this year told Kaiser Health News that most of the estimated job losses would hit administrative positions.
“Every proponent of Medicare for All — including myself — has to recognize that the biggest source of cost-saving is layoffs,” he said. Supporters of Medicare for All, he said, have to think about a “just transition” and “what it might look like.”
Warren called the current system unsustainable.
“Think about the for-profit insurance system that lies right at the middle right now of our healthcare delivery system,” she said. “That system made $23 billion in profits last year and that’s after all the executive salaries, all of the administrative people, all the fancy glass office buildings they built and how did they make those profits. It’s how much they took in in premiums and then turned around and said, ‘No.’ And every time they said no, they made another dollar of profits. That’s just not a sustainable healthcare system.”
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