Elizabeth Warren maps 3-year timeline toward Medicare for All
Sen. Elizabeth Warren explained Friday how she plans to gradually move the United States into her government-run “Medicare for all” system, sending managed-care and hospital stocks higher as the Democratic presidential candidate mapped out her three-year design to fundamentally change the way Americans get healthcare coverage.
In the first three years, anyone else could buy into Medicare for all at a “modest” cost, Warren said, before it eventually became free. Her gradual implementation “will give people time to adjust, people in the industry will have time to look for other jobs, pension plans will have time to start changing their portfolio, and it will give the government time to gear up the bureaucracy,” said Gerald Friedman, professor of economics at the University of Massachusetts at Amherst, who consulted Sen. Bernie Sanders’ 2016 presidential campaign on Medicare for all, the basis of Warren’s plan.
“If you know that in three years your company is going to be wiped out, then it could create perverse incentives, staff start exiting, and companies may become dysfunctional before the government program is set up,” Friedman said. Even if Democrats control the entire federal government in 2021, their best-case scenario is a narrow Senate majority that would likely leave Warren far short of the votes to pass Medicare for all. And several key Democrats have pledged not to eliminate the legislative filibuster. But the party is more united around the idea of a government-run insurance option.
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