January 21, 2020

THEY DON’T CALL HER FAUXCAHONTAS FOR NOTHING: Elizabeth Warren Has a Fake Plan To Pay for Medicare for All.

Warren has argued that total costs for middle-class families would go down under her plan, but there are reasons to doubt this, including an analysis from Emory University health care economist Kenneth Thorpe finding that under Medicare for All, more than 70 percent of people who currently have private insurance would see costs increase. A separate analysis from the liberal Urban Institute projects that single-payer plans would raise national health care spending by $7 trillion over a decade, contrary to Warren’s estimates.

Other outside experts, meanwhile, have suggested that Warren’s plan will cost more than she anticipates and raise less revenue. In an analysis of the fiscal effects of Warren’s plan, Avik Roy, president of the Foundation for Research on Equal Opportunity, estimates that she would end up increasing deficits by about $15 trillion over a decade.

That’s because Warren doesn’t account for the likely economic ripple effects her plan would almost certainly cause; instead, she assumes that even with an array of new taxes and fees on businesses and wealthy individuals, economic growth would continue without change.

Much more at the link.

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