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Message: <blockquote data-quote="Box Ox" data-source="post: 4253003" data-attributes="member: 48469">Reading WSJ now. Here's how Warren wants to pay for Medicare for all: "The Democratic candidate has outlined $20.5 trillion over 10 years in spending on health care:•  $8.8 trillion in new taxes on employers; typically excludes companies with fewer than 50 employees and people who are self-employed •  $2.9 trillion from higher taxes on large corporations•  $2.3 trillion from tougher enforcement of tax laws•  $2 trillion from additional nonretirement capital-gains taxes •  $1.4 trillion in additional revenue generated by higher take-home pay for workers under existing tax laws•  $1 trillion from an expansion of previously proposed wealth tax•  $900 billion from higher taxes on financial firms•  $800 billion in military spending cuts•  $400 billion from tax receipts from expanded legal immigration"Some article tidbits: "Nearly $20 trillion in new taxes over the next decade on corporations, investors and wealthy individuals would damp business profits. Households would see their costs reduced by $11 trillion, boosting their ability to spend on other goods and services. The plan also includes immigration-policy changes that would expand the labor force and consumer base.""Health-insurance premiums paid by employers would be converted into a new “employer Medicare contribution” to the government, starting at an amount just below what employers pay now and adjusting toward national averages over time. The smallest businesses would be exempt. Economists generally believe that workers bear the cost of such taxes, so the total economic burden of taxes on households would rise even if they have lower total costs for taxes and health care combined.""The plan relies on aggressive assumptions about savings on administrative costs in the health system that haven’t yet been vetted by private-sector and government economists. And the net harm or benefit is likely to be the subject of interparty and partisan debate. But analysts said several features have generally clear economic implications.""At a minimum, Ms. Warren’s plan would disrupt the health-care sector. Independent estimates have pegged the potential job losses at two million as the private health-insurance industry disappears and health providers need fewer people to manage billing."“Some of the people currently working in health insurance will work in other parts of insurance—in life insurance, in auto insurance, in car insurance. Some will work for Medicare. And there is a five-year transition support for everyone,” Ms. Warren said in Des Moines, Iowa, on Friday. “What this is about is how we strengthen America’s middle class and how we make sure that in transitions, no one gets left behind.”</blockquote>

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