Economics
Warren Left $30 Trillion Short of Paying for Her Health Plan
- Her tax proposals are already allocated to fund other plans
- Little left from rich and corporations to pay for health care
Elizabeth Warren during the Democratic presidential debate in Westerville, Ohio on Oct. 15.
Photographer: Saul Loeb/AFP via Getty Images
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Elizabeth Warren took a lot of flak at this week’s Democratic presidential debate for being evasive about the taxes needed to pay for the $30 trillion Medicare for All plan she champions. There’s a reason for being vague: Her team hasn’t yet figured out how to pay for it.
“Her taxes as they currently exist are not enough yet to cover fully replacing health insurance,” University of California, Berkeley economics professor Emmanuel Saez, who advised the Warren campaign when developing the wealth tax, told Bloomberg News on Wednesday.