Just read this morning that Presidential candidate Liz Warren is ready to cut her Medicare For All plan by a cool $15 trillion dollars. Liz now says she has a plan to provide medical freebies for a mere $2.5 trillion a year.
Well any of us who passed eighth grade math knows that her annual Medicare For All budget is exactly $2.5 trillion more than the government now takes in every year. Assuming Liz wants to implement her plan, that pretty much leaves nothing to spend on what we are spending today. Stuff like national defense, Social Security, Welfare, food stamps, education, et al.
Liz says she has plans to make up for that $2.5 trillion dollar annual deficit. Says she'll cut payment to doctors by a third. I ran the numbers on that and it looks like doctors would have to pay for their office staff, the lease on their building, comply with government mandated health record laws, and fork out $150,000 a year in malpractice insurance while being paid $40 bucks per doctor visit from Medicare.
Quick! Everyone raise their hands. How many think doctors (especially those paying off eight years of student loan debt) will say in business and how many will retire and go to work as a cashier at Walmart?
Liz also wants to pay hospitals less. While I think that's a good idea, she might want to take a look at how many hospital emergency rooms have driven hospitals into bankruptcy since ER's became the plan of choice for illegal Mexicans. Any more cuts and you can expect more hospital closures.
Ironically it is the government run hospitals that cost the most, with non profit hospitals coming in second, and for profit hospitals costing the least! (In California you'll pay a thousand bucks more per night in a government run hospital than one that is privately owned). That doesn't say much for a government run healthcare system, does it.
Leaving doctors and hospitals out of the equation, Warren's plan gets even more ditzy. Her wealth tax was made unconstitutional by the 16th amendment so that 1 percent wealth tax is out the window. That leaves basic income taxes on the wealthy. Since the top 1 percent of the wealthy are already paying 87 percent of all taxes Liz is gonna have to sock it to the middle class to come up with the $25 trillion ($25 trillion!) she needs over the next ten years on her "bare-boned" new plan.
Well I passed my eighth grade basic math. The only way Liz Warren funds "Medicare For All" is to revive Barack Obama's death panels..........those appointed folks who were supposed to let anyone over 65 die in their rocking chairs.