Last week, Senator Elizabeth Warren released her "Medicare for All" plan; the full text can be viewed on her campaign website.
Warren says that, in total, her plan would require $20.5 trillion in federal spending over the next decade. This number has been debated by different analysts.
In her plan, Warren states: "We don’t need to raise taxes on the middle class by one penny to finance Medicare for All."
The plan would be paid for by a) "Replacing employer health spending with a new employer Medicare contribution," b) "Cracking down on tax evasion and fraud," c) "Targeted taxes on the financial sector, large corporations, and top 1%", d) "Immigration Reform", and e) "Reining in Defense Spending."
Food For Thought
Is Warren's plan a good one? Does the math work out?