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Congratulations to our presumptive Democratic nominee, Joe Biden!
Democratic Primaries
In reply to the discussion: NEW POLL: Nearly half of Americans think Democrats have moved too far to the left [View all]Gothmog
(145,313 posts)115. Choices for Financing Medicare for All: A Preliminary Analysis
This is from a non-partisan think group that is well respected http://www.crfb.org/papers/choices-financing-medicare-all-preliminary-analysis
Proposals to adopt single-payer health care in the United States have grown in popularity in recent years, as numerous lawmakers and presidential candidates have embraced Medicare for All. However, few have grappled with how to finance the new costs imposed on the federal government. By most estimates, Medicare for All would cost the federal government about $30 trillion over the next decade. How this cost is financed would have considerable distributional, economic, and policy implications.
In the coming months, the Committee for a Responsible Federal Budget will publish a detailed analysis describing numerous ways to finance Medicare for All and the consequences and trade-offs associated with each choice. This paper provides our preliminary estimates of the magnitude of each potential change and a brief discussion of the types of trade-offs policymakers will need to consider.
We find that Medicare for All could be financed with:
Each of these choices would have consequences for the distribution of income, growth in the economy, and ability to raise new revenue. Some of these consequences could be balanced against each other by adopting a combination approach that includes smaller versions of several of the options as well as additional policies.
In the coming months, the Committee for a Responsible Federal Budget will publish a detailed analysis describing numerous ways to finance Medicare for All and the consequences and trade-offs associated with each choice. This paper provides our preliminary estimates of the magnitude of each potential change and a brief discussion of the types of trade-offs policymakers will need to consider.
We find that Medicare for All could be financed with:
A 32 percent payroll tax
A 25 percent income surtax
A 42 percent value-added tax (VAT)
A mandatory public premium averaging $7,500 per capita the equivalent of $12,000 per individual not otherwise on public insurance
More than doubling all individual and corporate income tax rates
An 80 percent reduction in non-health federal spending
A 108 percent of Gross Domestic Product (GDP) increase in the national debt
Impossibly high taxes on high earners, corporations, and the financial sector
A combination of approaches
Each of these choices would have consequences for the distribution of income, growth in the economy, and ability to raise new revenue. Some of these consequences could be balanced against each other by adopting a combination approach that includes smaller versions of several of the options as well as additional policies.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
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NEW POLL: Nearly half of Americans think Democrats have moved too far to the left [View all]
Gothmog
Oct 2019
OP
"Codswallop"? Isn't this the same poll that showed Warren jumping out to a +7 point lead?
Tarheel_Dem
Oct 2019
#104
That was my first thought...and wondering why that question never gets asked! nt
List left
Oct 2019
#67
Not at all. She fits in more with the 17% of the Democrats who share that sentiment....
George II
Oct 2019
#93
She she fits in with a larger percentage of Republicans than Democrats.
Cuthbert Allgood
Oct 2019
#112
By definition, the center is always in the center. If it was 'too far to the right" ...
NurseJackie
Oct 2019
#40
If the center is always the center, then how would you say is the center defined?
Tiggeroshii
Oct 2019
#55
Sorry for the insults. I honestly am trying to understand your point of view
Tiggeroshii
Oct 2019
#86
if the entire main continuum is dragged to the right, then the 'centre' of that continuum is also
Celerity
Oct 2019
#70
well, that is just flat out bigotry based off perceived class, fuck those people nt
Celerity
Oct 2019
#85
If you're someone who doesn't view politics as a left-right paradigm, yes!
HerbChestnut
Oct 2019
#38
Support for a public option has been increasing, and for Medicare-for-All has been decreasing
Gothmog
Oct 2019
#24
Would that "nearly half" of Americans be the Republicans and their alt-right Nazi buddies?
bluewater
Oct 2019
#27
That is what I hear all the time from friends in Illinois, Indiana and Nebraska.
redstatebluegirl
Oct 2019
#34
Interesting, there seems to be no limit to how far to the right anything can go.
tenderfoot
Oct 2019
#35
Exactly. They are also the same fucking people who claim Obama was born in Kenya.
Autumn
Oct 2019
#63
I agree, I have a couple of them I would have to hold my nose but I would vote for them.
redstatebluegirl
Oct 2019
#126
There are more moderates and slightly liberals in the party compared to extreme liberals
Gothmog
Oct 2019
#90
Left and right are fluid constructs. I'm from the UK, and I can tell you, the Democratic Party is
Doodley
Oct 2019
#95
I personally don't care about the direction. It's the promise of stuff that's not even needed--
emmaverybo
Oct 2019
#99
So simple.. just pick Biden and the rest will work itself out! Most important at this moment in
Laura PourMeADrink
Oct 2019
#101
And yet about 60% of voters are for things like medicare for all, free college etc. nt
Quixote1818
Oct 2019
#109
Nate-A lot of D voters are moderate, or "somewhat liberal" rather than "very liberal"
Gothmog
Oct 2019
#114
Vulnerable House Democrats Wary of Campaigning for Medicare for All in 2020 Race
Gothmog
Oct 2019
#129