Warren Wants Cos., The Rich To Pay For $20.5T Medicare Plan

Logo - Law 360

By Dylan Moroses

Requiring employers to make contributions to Medicare for All, imposing a financial transaction tax and raising the corporate tax rate to 35% are a few ways to finance a single-payer health care proposal revealed Friday by Sen. Elizabeth Warren, D-Mass. The 2020 presidential candidate's Medicare for All proposal would cost roughly $20.5 trillion between 2020 and 2029, according to a letter on the costs prepared by a panel of economists and policy experts, and would be paid for with a myriad of new tax provisions aimed at increasing the burden on the wealthy and corporations. Warren's health care plan would eliminate private health insurance options in favor of an expanded version of Medicare available to everyone.

To read more go here Subscription Required
By Dylan Moroses, posted on Friday November 1, 2019
Subscribe

Read More International Tax News