All Posts by Empower Wisconsin

Warren’s half-truths about ‘Medicare for All’

Empower Wisconsin | Jan. 15, 2020

By Terrence Wall 

Elizabeth Warren’s conservative cost estimates for her “Medicare for All” plan ring as hollow as her claims to Native American ancestry. 

Terrence Wall

The Democrat presidential candidate pegs her plan’s price tag at north of $20 trillion over a decade, or about $2 trillion per year. That’s a half truth at best, and much of the media is complicit in the spin. 

New government programs almost always cost more than advertised, in many cases significantly more. If history is any indicator, Warren’s universal health care bonanza would cost taxpayers at least twice as much as she claims. 

“The federal government proceeds with large projects on the basis of estimated costs, but once projects get underway officials often revise the costs upward. The public ends up with a larger tax bill than originally promised,” states a report for Downsizing the Federal Government, a project of the Cato Institute. As the report points out, inflated costs have marked American governance since the founding of the country. 

But there is another big cost that is being forgotten: the loss of jobs and the destruction of an entire industry. The private sector health care insurance industry would be obliterated under Warren’s single-payer plan. The industry employs hundreds of thousands of people in the U.S. Many of these are family-supporting positions, part of the backbone of America’s middle class. A Kaiser Health News analysis finds a single-payer system like the one Warren proposes could kill 2 million health care-related jobs. 

And all those jobs directly and indirectly support many millions of others. Think of the office space that won’t be built or rented, or the services and food not purchased by those health care employees. 

Then there’s all those tax dollars paid by the insurance companies, their employees, and other indirect employees, including income taxes, property taxes, sales taxes, etc. Literally billions of dollars in taxes foregone under Medicare for All. 

$2 Trillion? That’s just the tip of the iceberg. Candidate Warren has no clue about the economic impact of her proposal for Medicare for All on the American economy. It would be devastating.  And the ripple effect throughout the economy would have a massive negative cost. 

Terrence Wall is the President and CEO of the T. Wall companies that specialize in development of office, multi-family, and neighborhood communities. He is is the only developer to receive the Governor’s Award for Excellence in Energy Efficiency. 

Listen to more:

Explore More
All Woke Up: The indoctrinators

All Woke Up: The indoctrinators

The armies of Wokeness are being built in education departments on college campuses across the country. At Ohio State University,…

Read More »

October 22, 2021
Fauci lied about ‘gain-of-function’ coronavirus research

Fauci lied about ‘gain-of-function’ coronavirus research

By Caroline Downey, National Review A top NIH official admitted in a letter this week that U.S. taxpayers funded gain-of-function…

Read More »

October 22, 2021
Absurd ads thank Evers for ‘standing up for our freedom’

Absurd ads thank Evers for ‘standing up for our freedom’

By M.D. Kittle MADISON — A liberal group wants you to praise Gov. Tony Evers, who killed several election integrity…

Read More »

October 22, 2021
Cruz bill hits elitist liberals where they live

Cruz bill hits elitist liberals where they live

By Houston Keene, Fox News U.S. Sen. Ted Cruz, (R-Texas) has introduced a bill to bring processing centers for illegal…

Read More »

October 21, 2021
Evers takes credit for GOP surplus

Evers takes credit for GOP surplus

By M.D. Kittle MADISON — Gov. Tony Evers and his lackeys have told some tall tales over the Democrat’s tenure…

Read More »

October 21, 2021
Tool of the Week: Space Oddity Kamala Harris

Tool of the Week: Space Oddity Kamala Harris

Little is real about the Biden presidency. The Democrat, an empty vessel of the radical left, has been engaged in…

Read More »

October 21, 2021

1 thought on “Warren’s half-truths about ‘Medicare for All’

  • Where are all these medical professionals going to come from? I (an older adult) took an Anatomy and Physiology class which was required for RNs and paramedics. Half the class was gone by midterm. Couldn’t master the material. Many were in that class for second or third time. To go on in program you had to have a grade of A or B. So powers that be knocked grade requirement to C. If thus and so. Medicine is a major tough field of study. We do not have the caliber of students to master the course work. Doubt if Sen. Warren could.

Leave a Comment

Your email address will not be published. Required fields are marked *