Why Warren’s Medicare For All will be a costly disaster for Americans

Candidate for president Elizabeth Warren (D-MA) releases the estimate of the cost for her Medicare For All plan. She says it will cost an average of $5.2 trillion per year for the next ten years. What Warren does not share is that Warren’s Medicare For All program will result in lower-quality care, a reduction in healthcare innovation, increase the overall cost. Quite simply Warren’s Medicare For All will be a disaster for the majority of Americans.

Warren says that her plan will cover all medical costs.

If that is the case then her plan will increase spending on healthcare from the current level of $3.5 trillion per year. That means spending will increase by $1.7 trillion annually.

Then she releases another figure saying that Warren’s Medicare For All plan will add $20.5 trillion in new spending over the next decade, which is an average annual increase of more than $2 trillion per year. She says there will be cost savings, mostly because about 2 million private-sector jobs will be eliminated.

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