Posts Tagged ‘ cost ’

Warren releases ‘Medicare for All’ plan with no tax hike on middle class | TheHill

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“Warren said that under the current system, individuals are expected to spend about $11 trillion on premiums, deductibles, copays and out of pocket costs, and that she’d reduce that amount to “practically zero.”

She said that taxes don’t need to be directly raised on the middle class in order to make up the difference and to pay for the additional $20.5 trillion in federal spending she’s proposing.

To pay for the plan, Warren said that she would redirect $6 trillion that state and local government currently spend on health care to help fund it.

Warren aims to raise about $8.8 trillion through an “employer Medicare contribution” that would essentially redirect to the federal government what employers are currently paying to insurance companies for their workers’ health care.

She said $1.4 trillion would be raised “through existing taxes on the enormous amount of money that will now be returned to individuals’ pockets from moving to a Medicare for All system with virtually no individual spending on health care.”

Warren also said that she’d raise about $2.3 trillion by boosting IRS enforcement of tax laws and strengthening tax reporting and withholding requirements.

The Massachusetts senator is floating new taxes aimed at the financial sector: a tax on financial trades, which she says could raise about $800 billion over 10 years, and a fee on large banks that she says could raise about $100 billion over 10 years.

Warren said she’d make tax changes for corporations that would raise about $2.9 trillion over a decade. These include requiring businesses to write off the costs of their investments over a longer period of time, a country-by-country minimum tax of 35 percent on U.S. corporations’ foreign earnings, and taxing foreign firms based on their sales in the U.S.

And Warren said she’d raise about $3 trillion over 10 years by expanding her wealth-tax proposal, as well as by requiring the top 1 percent of households to pay taxes on their investment gains annually, instead of when the investments are sold, at ordinary income rates.

Warren also said she’d raise revenue through comprehensive immigration reform and by curbing defense spending.

Other Democrats challenging Warren for the party’s nomination signaled Friday they would continue arguing Medicare for All increases taxes on the middle class.”

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Source: Warren releases ‘Medicare for All’ plan with no tax hike on middle class | TheHill

Elizabeth Warren Proposes $20.5 Trillion Health Care Plan – The New York Times

This Woman Invented a Way to Run 30 Lab Tests on Only One Drop of Blood – Wired Science

 

Elizabeth Holmes

This Woman Invented a Way to Run 30 Lab Tests on Only One Drop of Blood – Wired Science.

Horror Care: How Private Health Care is Shortening Our Lives / NationofChange

Horror Care: How Private Health Care is Shortening Our Lives | NationofChange.