Friday, 22 November, 2019

Warren Leads in Iowa as Biden Sinks to Fourth

Sen. Bernie Sanders former Vice President Joe Biden Sen. Elizabeth Warren Chip Somodevilla Getty Images
Anita Tucker | 02 November, 2019, 00:27

"Regardless of whether it's $21 trillion or $31 trillion, this isn't going to happen, and the American people need health care". "That system is Medicare for All".

Ms. Warren would pay for the $20.5 trillion in new federal spending through a mix of sources, including by requiring employers to pay trillions of dollars to the government, replacing much of what they now spend to provide health coverage to workers. The plan would replace private insurance, including employer-sponsored plans, with full Medicare coverage, and individuals would no longer have to pay premiums, deductibles, co-pays or similar out-of-pocket costs. Long-term care would also be covered.

Warren also says she'd increase the budget for the Internal Revenue Service and "redirect" its enforcement investigations "away from low-income taxpayers towards high-income taxpayers".

But the specifics of her proposal, released on Friday as Warren seeks her party's nomination for the 2020 presidential contest, reveal the scope of an overhaul that would be one of the largest economic experiments in modern history.

Mr Biden, the centrist former USA vice president and longtime frontrunner in the national race, also led for months in the heartland state that votes first in the battle to see who will challenge Donald Trump for the presidency next November.

Democrats have spent the better part of three decades debating the proper role of government in health care, and the complicated politics surrounding the issue quickly resurfaced after Warren released her proposal.

She also still faces a major threat from U.S. Senator Bernie Sanders of Vermont, a friend and fellow liberal who despite a heart attack shows no signs of bowing out ahead of the rivals' key showdown in the New Hampshire primary on February 11.

Weather forecast for Ireland for the coming days from Met Eireann
The town of Enfield also announced that trick or treat has been moved to Saturday from 4 to 7 p.m. due to the weather forecast. Temperatures will range from 65 to 70 degrees Thursday but gusty winds will develop, as well as scattered showers.

As a result, the DNC asked 2020 Democratic candidates to sign a "loyalty pledge" that they would run and govern as Democrats, which Sanders did. "Or, if they are unwilling to do that, they should concede that they think it's more important to protect the eye-popping profits of private insurers and drug companies and the huge fortunes of the top 1% and giant corporations, rather than provide transformative financial relief for hundreds of millions of American families".

When pressed about whether Medicare for All would lead to a tax increase, Warren claimed that middle-class Americans will not see a tax increase; only the wealthy and corporations will be taxed. The differences between the candidates have led to clashes in recent presidential debates.

Medicare for All legislation stands little chance of passing the U.S. Congress even if Democrats succeed in taking control of both chambers as well as the presidency, given the skepticism among some moderate Democrats and the opposition of Republicans.

As an aside, if you hadn't realized before, Medicare for All will kick millions of Americans off their private health insurance plans. She said the plan does not raise taxes on the middle class, but her estimates rely heavily on a set of assumptions about lower national healthcare costs. A Republican-controlled Senate is unlikely to approve anything approaching Medicare for All. Passing the law would be hard, even if Democrats control both chambers, given the opposition from some moderate members of the party.

Warren is proposing $20.5 trillion in new federal spending under the proposal. The plan also carries a total price tag of "just under $52 trillion" over the next 10 years, or slightly less than cost projections for the current system.

American companies with 50 or more employees would, instead of making premium payments to private insurers, be required to pay a contribution to the federal government.

Friday's sweeping proposal is meant to rebut critics, but it could also lead to new scrutiny from both Democrats and Republicans as they comb through the details. On Friday, she proposed an extra 6% tax on fortunes value greater than $1 billion.

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