Posts Tagged ‘ health care ’

Warren Health Plan Tightens Democrats’ Embrace of Tax Increases – The New York Times

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“Ms. Warren’s plan would move the costs of the entire American health care system, which she pegs at just under $52 trillion over the next decade, onto the books of the federal government. She says that would reduce overall health spending and spare Americans the financial burden of paying directly for care.

To cover those costs, Ms. Warren would impose a new tax on financial transactions, like buying and selling stocks and bonds. She would also tax profits from investments that increase in value on an annual basis — like shares in Google or Apple — not just when the assets are sold. She would raise taxes on American companies that book profits overseas.

Ms. Warren would also increase her wealth tax on billionaires to 6 percent of the value of all their assets above $1 billion, up from her previous proposal of 3 percent. And she would assess a tax on corporations that roughly equates to what they currently pay for employees’ health care, with a slight savings.” – Jim Tankersley, The New York Times

Elizabeth Warren’s plan to pay for Medicare-for-all – Vox

Senator Elizabeth Warren discusses Medicare-for-all legislation on Capitol Hill in Washington, DC, on September 13, 2017.| Photo credit should read JIM WATSON/AFP via Getty Images

She shows how she would pay for it without raising middle class taxes.

Source: Elizabeth Warren’s plan to pay for Medicare-for-all – Vox

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

The 2020 health care plans: Medicare-for-all versus Obamacare repeal – Vox

Participants hold signs while protesting the repeal and replacement of the Affordable Care Act, Manhattan, New York, October 2017.Albin Lohr-Jones/Pacific Press/LightRocket via Getty ImagesParticipants hold signs while protesting the repeal and replacement of the Affordable Care Act, Manhattan, New York, October 2017.Albin Lohr-Jones/Pacific Press/LightRocket via Getty Images

Republicans want to roll back Obamacare as Democrats debate Medicare-for-all.

Source: The 2020 health care plans: Medicare-for-all versus Obamacare repeal – Vox

What the Health Care Debate Still Gets Wrong | Boston Review

Image: flickr

Source: What the Health Care Debate Still Gets Wrong | Boston Review

Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care – The New York Times

From left: Warren E. Buffett of Berkshire Hathaway, Jeff Bezos of Amazon and Jamie Dimon of JPMorgan Chase. CreditAssociated Press

Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care

Poet Eileen Myles | Route Nine : Our second interview in Route Nine’s “Nine…

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