Analysis: Medicare for All has Doomed Elizabeth Warren

The Boston Herald has just published a start analysis of the Medicare for All scheme that is at the center of the presidential campaign of Sen. Elizabeth Warren, D-Mass. Medicare for all, a term first coined by Warren’s fellow senator and rival for the Democratic nomination for the presidency Bernie Sanders, constitutes nothing less than a government takeover of the health care sector.

“Now that she’s finally released details on her Medicare-for-All plan and its eye-wincing $52 trillion projected price tag, there’s no way that 160 million Americans who like their healthcare plans — including labor unions — will want to see them made illegal.

“Nor will any rational citizen want to have critical health-care decisions being made by faceless government bureaucrats who will decide what doctor you can see, and what medical treatment or surgery you’re permitted to get — or not.”

The analysis notes that in Canada, whose health care system has been touted as a model for Medicare for all by Warren and Sanders, has one terrible, life-threatening feature. Canadians have to wait nearly nine weeks to see a general practitioner and another 11 weeks to see a specialist, 20 weeks is rather long to stay in line when one has cancer or some other life-threatening disease. The idea is that no one whose private insurance allows them to see the doctor immediately is going to sign on to a system that does that.

Several analyses hit Warren’s claim that she can pay for her version of Medicare for all while avoiding a middle-class tax increase. The New York Times notes that the candidate is somewhat cagey about how she proposes to finance the scheme. The day that the scheme was rolled out, Warren claimed that it would be financed through a variety of taxes on business and investments and a wealth tax. However, the day after she claimed that her tax package would only fall on the 600 plus billionaires who live in the United States, a clear contradiction.

The funding regime, designed to pay for the $20 trillion over ten years plus scheme, was too much, even for Warren’s Democratic rivals, according to the Wall Street Journal. Bernie Sanders trotted out an argument usually made by conservatives that the taxes on business would hurt job creation. Former Vice President Joe Biden and Mayor of South Bend Pete Buttigieg joined in the criticism. Biden and Buttigieg are offering more modest health care proposals.

The Atlantic, citing studies performed by a variety of think tanks, including “the nonpartisan Rand Corporation, the conservative-leaning Mercatus Center at George Mason University, and the center-left Urban Institute,” suggest that Warren is low balling the cost of her Medicare for all scheme. They place the actual ten-year cost as ranging from $32 trillion to $34 trillion. Those estimates suggest that an $11 trillion to $14 trillion gap exists in Warren’s healthcare scheme that has to be made up in some way, likely increased taxes on the middle class. The estimate is still short of the $52 trillion that others have estimated the scheme would cost over ten years.

The analyses also suggest that Warren’s assumptions that payments to doctors and drug companies can be lowered to make savings do not take into account unintended effects. More doctors would be driven out of the medical profession. Fewer new drugs would come to the market. Canadian style health care rationing and waitlist would be an inevitable result.

Warren’s Medicare for all scheme would also cause a great many job losses in the health insurance industry. The candidate had a ready albeit eyebrow-raising answer to that, according to Fox News. “Some of the people currently working in health insurance will work in other parts of insurance — in life insurance, in auto insurance, in car insurance, some will work for Medicaid,” she said.

The idea that life insurance and auto insurance industries can absorb all of those displaced health insurance workers is dubious at best. Warren is not taking into account the disruption to the car insurance industry that is coming when self-driving cars become more prevalent.

Warren is counting on the prospect of “free health care” to entice voters to pull the lever for her. The Boston Herald is suggesting that voters will take one look at the details of the scheme and will give the candidate a hard pass.

291 thoughts on “Analysis: Medicare for All has Doomed Elizabeth Warren

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  137. “The Boston Herald is suggesting that voters will take one look at the details of the scheme and will give the candidate a hard pass.” Therein lies the problem, the general public is rather dim-witted and the uninformed represent one out of every two voters. I mean people actually voted for Hilary in 2016.

  138. HOW ABOUT THE MOST SIMPLE OF OBSERVATIONS (SO SIMPLE EVEN THE DIM DEMS MIGHT GET IT)—on the other hand—
    52 Trillion over 10 years, is 5.2 TRILLION PER YEAR [with me so far dim, dems? if not, please go back to arithmetic 101- about 2nd or 3rd grade]…
    5.2 TRILLION PER YEAR is over the budget FOR EVERYTHING ELSE THE FEDS DO—EVERYTHING—EVERYTHING—including their soon to implode social INsecurity
    So when warren and sanders medicare for all happens, how does a monstrous leviathan consume OVER HALF {5.2+ over 4 TRILLION=9 Trillion in a 17-18 TRILLION
    ECONOMY??? Simple- it makes SLAVES OF US ALL…were that nightmare ever to pass—it MUST REQUIRE ALL POLITICIANS TO BE ENROLLED, including the long
    waiting times— AND NO PRIVATE OR SPECIAL HEALTH CARE FOR THEM- including traveling elsewhere like Europe, Japan, India, etc… maybe a law written like that would cause some of them to die from medical causes while waiting…

  139. Lizzy Warren taught one class a week at Harvard Law school.. She was paid 325,000.00 per year and benefits plus a pension. Now she draws a senate salary and will draw 2 HUGE pensions. Easy to see why 2 school teachers have amassed a 5 million dollar fortune plus the real estate.

  140. She has no plan attached to this at all.
    Medicare for all will be devastating. Thousands will lose jobs.
    Face it…. a democratic president in 20/20 will destroy America.

    I cannot wait until President Trump is
    Re-elected

  141. Any person that would lie about who she is to get aid in her education in a college would lie about any thing that would progress her ego. It is a fact that she does not know who she is and does not recognize the fact that the American people know who she is and what she is. Socialist/Communist Mental case.

  142. She is a Socialist/Communist and a MASSIVE LIAR . . . Her plans (neither will BERNIE’S) will NEVER work. WARNING: DON’T vote for her! Team Trump and his allies 2020 – KAGA (Keep America Great Again).

  143. Democrats always assume that business and the wealthy will be happy to be punished for making a profit. They forget to mention that they will leave, and take their income to where they will not be forced to give away what they earn to those who do not work.
    Dems design these things and some foolishly fall for their schemes than the money disappears and suddenly the tax falls on the worker, who than can not save to improve their lives or anything for their children. Why does anyone want to have their family go without because someone else does not want to work

  144. Corrupt, commissar Dizzy Lizzy “Pocahontas” Warren, please stay out of our lives and keep your thieving hands out of USA taxpayers pockets!

    Your unworkable federal government Marxist, Medicare for All scheme is a lying pie in the sky nonsensical means of bankrupting Middle Class Americans!

  145. Maybe the fact that she is a fraudster has doomed her somewhat? Pretending/lying about something that you are not so as to get special privilege is fraud, is it not?

  146. Elizabeth Warren is UGLY, which also works against her! She’s so UGLY, I’d rather have sex with Annie the Cat and Rosie the Dog than with her! Her husband Bruce should be MOONED for even going near Elizabeth Warren! Let’s MOON Bruce, ASAP!

  147. Elizabeth Warren is a career Fraud. Anyone who would vote for her has no respect for the future of our nation. Right now she seems to be running on the worst candidate platform! Joe Biden and Tulsi Gabbard for VP seems far more centrist, and sensible. Gabbard is obviously most qualified as Commander in Chief. Booker, Harris, Amy K. And the rest are like Bloomberg sham candidates. Andrew Yang for sure gets it! Actually Yang and Gabbard are easily the most in touch with reality. Warren though seems to be trying to enslave us all, so she can continue her career as a liar. Wish Trump had announced from the beginning, he would devote one term to trying to right the disaster of career politicians. They fare the exact opposite of public servants! Warren has been a self servant!

  148. Just what we need: Another Lying Liberal Jamming their Index Finger at us telling us how to run our lives and spending our money on some useless sucker who is unwilling to have a real job.

  149. Other than she is an Idiot, thinks that $52 Trillion of the people’s money is chump-change and she is an Socialist, what else could it be?

    1. Warren has been lying all her life. The only time is will stop, is when she takes her last breath.
      The top Economist said $52 Trillion is a joke, they say it will be more anywhere from $70 to $80 Trillion, and it will not even cover the Doctors, Nurses, Staff etc.
      Economist also stated your health care will never be the same and it would result in much lower standards, which us the American People are well aware of.
      First of all there is 40 MILLION ILLEGALS OR MORE,and they are still sneaking thru the Borders everyday.
      All the Health Ins. companies will go out of Business and it will result in about 4 MILLION people losing their job. Unemployment benefits will go broke at that rate.
      The working class will be hit with ENOROUS TAXES and end up POORER & POORER, while the SOCIALIST-COMMUNIST LEADERS GET RICHER & RICHER.
      If GOD FORBID, a Socialist Communist is elected and the fact they will be giving everything FREE FREE to all Illegals, the country will go broke. Be ready for the WORST RECESSION in America; it will be WORST THEN THE RECESSION OF 1929…GOD HAVE MERCY ON US THE AMERICAN PEOPLE.

      GOD SENT US HISTORIC PRESIDENT DONALD J. TRUMP, TO CLEAN THE SWAMP OF ALL THE CRIMINAL CORRUPTION THAT HAS BEEN GOING ON FOR YEARS AND YEARS. PRESIDENT TRUMP IS THE MOST HONEST, TRUTHFUL, LOYAL, TRANSPARENT PRESIDENT IN OUR LIFE TIME, WHO HAS ACHIEVED AND ACCOMPLISHED AND CONTINUES TO HE SUCCESSFUL FOR US THE AMERICAN PEOPLE. BECAUSE OF THE GREAT SUCCESS OF OUR PRESIDENT TRUMP, WE NOW HAVE THE GREATEST ECONOMY IN THE WORLD…WHO WILL WIN WIN AGAIN IN 2020.
      PRESIDENT TRUMP LOVES AMERICA AND THE AMERICAN PEOPLE.

    2. 52 Trillion can easily be made up by:
      1) Warren can leave Airforce One in the hanger and use BROOMSTICK ONE.
      2) Warren hasn’t mentioned the pot of gold at the end of the rainbow…
      3) The leprechauns are gathering the gold up right now.

      If I had a sister working in a whore house and a brother being influenced by the liberal socialists,
      I’D TRY TO SAVE MY BROTHER FIRST.

  150. If she is not planning on putting her own money in this then it a joke on those who believe her! Same gone for Sanders and other! There is no way it will work unless there is a cut off ages for senior citizens. Or a beginning aged from birth. No one wants to be force into something that is SOCIALISM and doesn’t have the Congress and their families on it!

    1. this is true ship them to a country with this system and call us in 18 years if you are still alive

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