I think Warren should own the fact that “yeah taxes will go up to pay for medicare for all” while she is correct when she pivots that question to “costs will go down for most people” it would be more impactful to show how
one of the options Bernie Sanders puts forward to pay for medicare-for-all is a 4% income tax raise. Oh no that sounds bad, but lets do some simple math:
for a single person making $50,000/year , 4% would be $2000($166/month)
a family making $50,000/year, 4% would mean it’s $166/month for the entire family
for a family making $100,000/year, 4% would be $4000 ($333.33/month for the entire family)
This 4% tax option also stipulates because of the standard deduction, families of four making less than $29,000 a year would not pay this premium
Now everyone other than those people who refuse to buy health insurance because they somehow think they’ll never get sick in their lifetime, compare those numbers to your current monthly health insurance premiums. would costs go down for you?
Now imagine how much more you’d save if you had a plan with $0 deductible and $0 out of pocket and coverage for dental and vision, and you didn’t have to pay high costs for prescription drugs. and what if you never had to worry if your doctor or ER visit was out of network or if a test will be covered? What if you never had to worry about what would happen to your coverage if you were laid off or your employer switched to a worse healthcare plan to save money?
Ralph Dunagin and Dana Summers
April 03, 2015