Warren's Medicare for All Calculator Is a Joke. Here's Why
After months of dodging questions about her Medicare for All plan, Warren has finally gone all-in with a figure for what her plan will cost and a pipe dream of how she’ll pay for it without raising taxes on the middle class.
Warren estimates her Medicare for All plan will cost $52 trillion over ten years. To put this number in perspective, the CBO projected earlier this year that the United States budget will be $57.8 trillion over the next ten years. Her plan literally costs 90 percent of the current federal budget, yet she thinks she can pay for it without taxing the middle class. To prove that her plan works and will save you money, she put a Medicare for All calculator on her campaign website for everyone to use.
Out of curiosity, I tested Warren’s calculator, trying various scenarios to see what it told me. It didn’t take long to figure out that this calculator isn’t much of a calculator at all. Whatever number you say you spend per year is what you save! It’s so easy that even Common Core students could figure it out! You can put $52 trillion as the amount you spend per year on health care, and the calculator will “calculate” that you would save $52 trillion under her plan. Amazing! According to Warren, “That’s because you won’t have to pay for premiums or copays or any of the other ways health insurance companies stick you with the bill. What’s more, Elizabeth’s plan for Medicare for All doesn’t raise middle-class taxes by one penny.”