Cavuto breaks down Warren’s $52 trillion Medicare for All plan

Cavuto breaks down Warren’s $52 trillion Medicare for All plan


>>Chris: AT DEMOCRATIC PRESIDENTIAL CANDIDATE ELIZABETH WARREN HAS UNVEILED HOW SHE PLANS TO PAY FOR HER MEDICARE FOR ALL PLAN. HER PRICE TAG, ABOUT $52 TRILLION OVER A DECADE. THE MASSACHUSETTS SENATOR IS CONTINUING TO PLEDGE SHE WOULD NOT RAISE TAXES ON MIDDLE-CLASS FAMILIES TO PAY FOR HER PLAN. AND ANOTHER WEALTH TAX ON PEOPLE WHO HAVE A NET WORTH OF OVER A BILLION DOLLARS. ONE OF HER OPPONENTS, FORMER VICE PRESIDENT JOE BIDEN RELEASED A CAMPAIGN STATEMENTS CALLING THE PLAN” MATHEMATICAL GYMNASTICS” AND SAID THE BILL WOULD EVENTUALLY TRICKLE DOWN. NEIL CAVUTO.>>WE NEED TO — DON’T STUMBLE.>>THAT’S WHAT I LIKE. WE ALL WISH EACH OTHER THE BEST HERE.>>YES. WE ARE HARDLY GOOD ABOUT IT. SENATOR WARREN SAYS SHE CAN PAY FOR THAT OR CARE FOR ALL.>>HER PLAN TO COVER EVERYONE IS ABOUT 20 AND A HALF TRILLION DOLLARS. THE GOAL HERE IS JUST TO KEEP OVERALL HEALTH CARE SPENDING, WHATEVER YOU WANT TO SAY, INCLUDING EXISTING MONIES TO AROUND $52 TRILLION OVER TEN YEARS. BUT SHE SOCKS IT TO A LOT OF PEOPLE, $8.8 TRILLION, RICH FOLKS $6 TRILLION, LIFTING IT UP FROM 3% TO 6% SURTAX ON THE BILLIONAIRES, BEYOND JUST THE MILLIONAIRES. TOUGHER ENFORCEMENT THAT SHE SAYS SHE CAN EXTRACT $2.3 TRILLION IN ADDED SAVINGS OVER THE YEARS, IT HAS BEEN TRIED BEFORE AND OFTEN TIMES NOT WITH MUCH SUCCESS. ALMOST A TRILLION DOLLARS IN WALL STREET TRANSACTIONS, EVERY TIME YOUR BUY OR SELL STOCKS AND BONDS, YOU WILL GET THAT AMOUNT OF MONEY. THE FACT OF THE MATTER IS THOUGH THAT THE MIDDLE CLASS WOULD TAKE MORE OUT OF THIS PLAN BECAUSE THE THINGS THAT THEY NOW PAY FOR THEMSELVES LIKE PREMIUMS AND A TAX ADVANTAGE ACCOUNT, IF YOU INDIVIDUAL PRIVATE HEALTH INSURANCE, THE PREMIUMS YOU WERE PAYING IN THOSE TAX ADVANTAGE ACCOUNTS, THEIR TAXABLE INCOME GOES OUT. SHE MINIMIZES THE IMPACT OF THAT BUT IT WOULD AMOUNT –>>Chris: THE MIDDLE CLASS IN TERMS OF SALARIES FOR WORKERS OR EVEN SOME JOB CUTS.>>Chris: REMEMBER BOTH SIDES PAY THAT. WHATEVER YOU GET BESIDES THAT IS JUST SOMETHING THAT GOES TO UNCLE SAM. THE BIGGER ISSUE I THINK HERE IS LOOKING UP MONEY FOR A STATIC KIND OF THING. CHRIS, THAT IS REALISTIC. WE’VE ALREADY LEARNED IN STATES THAT HAVE TRIED TO USE HER TAXES ON THE WEALTHY THAT THE WEALTHY MOVE, OR THEY FIND OTHER WAYS OR THEY GO SOMEPLACE ELSE. WE SEE NOT IN CALIFORNIA WHERE A LOT OF THEM JUST SKIPPED OVER THE BORDER AND WENT TO NEVADA. MANY OF THE BILLIONAIRES, AND APPROPRIATE VIEW OF THEM, I DISCOVERED THEY GOT THAT WAY BECAUSE THEY ARE PRETTY SHREWD WITH THEIR MONEY AND ALTERNATIVE PLACES TO GO. SO THAT’S NOT A STATIC NUMBER AND EXPECTING THAT YOU CAN GET THAT IS PROBABLY REALISTIC. BUT SHE’S GONE FULL THROTTLE.>>Chris: I’VE GOT ABOUT A MINUTE LEFT. THE TRUMP ECONOMY I THINK WE COULD ALL AGREE HAS STAYED REMARKABLY STRONG. WHAT DO YOU THINK THE ECONOMIC IMPACT OF ALL THE TAX SITES INCLUDING THIS ONE AND ALL THE NEW REGULATIONS? WHAT DO YOU THINK THE ECONOMIC IMPACT COULD BE?>>OF THESE ARE NOT JUST TAX HIKES, THESE ARE GARGANTUAN TAX HIKES. THE NOTION THAT YOU COULD GET THAT AND THEN NOT EXPECT THE ECONOMIC IMPACT, I KNOW WHAT SHE’S TALKING ABOUT SAVING WHEN IT COMES TO THE HEALTH CARE SYSTEM AND THAT WILL PRODUCE SOME NEW BURGEONING ACTIVITY IN THE ECONOMY. IT HAS NOT BEEN BORNE OUT IN PRAYER CHANCES HERE BUT THE FACT OF THE MATTER IS, SAY WHATEVER YOU WILL ABOUT THE PRESIDENT, LOWERING TAXES AND CUTTING REGULATIONS, THAT HAS STREAMLINED THE COUNTRY TO THE DEGREE NOW THAT BUSINESSES ARE ENVIRONMENTAL AND CYLINDERS MAY NOT BE AS ROBUSTLY AS THEY WERE A LITTLE MORE THAN A YEAR AGO. MOST OF THE EARNINGS I SEE, EVEN WITH THE TRADE WORRY IS THAT I SAY ARE INDICATING MUCH BETTER THAN THOUGHT, AND ALL OF THOSE GAINS CUTTING THE CORPORATE TAX RATE FROM 35%. IN THIS PLAN ELIZABETH WARREN WOULD SAY IT WILL GO BACK UP TO

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100 thoughts on “Cavuto breaks down Warren’s $52 trillion Medicare for All plan”

  • Richard Willette says:

    These Dems are trying to turn USA into a Scandinavian hellscape of free healthcare clean environment and livable wages. We need to protect the 1% billionaires

  • Let's say she can pay for it. Do you really want the government controlling your healthcare? They can change, cut, limit anything they want. With the government running it if you have a gripe you can whistle up your butt.

  • Cavuto is right that there are a few ways in there that middle class families would end up paying, but the larger point is that overall, virtually everyone who needs it would pay FAR less. And that is not debatable. It’s a fact

  • A public plan would save a lot of money by slashing the 30% being wasted now by insurance companies on big salaries and lobbying money used to bribe politicians. It's a fact that US Government Medicare cost way less and has very good care and service for Americans over 65. My spouse and I currently pay $2000/month for private care insurance. Employer provided care costs businesses a lot of money per employee. All this spending would be eliminated and replaced by taxes paid to support the Public Option. Experience proves that this shift is net far less money as in more successful Medicare and the quality care citizens receive in Canada, Asian countries, and Europe. It's past time that we adopt their more successful models and dump our current expensive, corrupt health insurance mess.

  • The truth is when you go to socialism it would be very difficult to reverse. What this nutcase is suggesting is take America into socialism.

    That is really what it’s all about and she is trying to get elected by suggesting that Medicare for all is the way to go.
    Step’ one in the principles of communism.

  • The 1% Cheshire Cat would just LOVE spending your money through her VERY EFFICIENT Government. Socialists are all the same experts at spending but lousy at creating wealth ! What do you think should come FIRST ?

  • She has it (for this issue only)…Medicare for all…The cost would be no different because of the same premiums that are paid to insurance companies changes nothing, plus states can pay to federal for Medicare rather than pay out for Medicaid…But…It is your choice…Like the post office…you can count on it…But you have your choice, of fed ex, or UPS…I've never heard a single complaint by Fed ex or UPS on the competition thereof…OR…Use our tax monies to build hospitals, provide school loans for doctors, nurses, etc…to be forgiven if residency is contracted for 4 years at a determined wage…put a control on cost…if not go to the commercial competition and pay back the loans…This would put a control on price of health care…If health care was free for all…you could retire at forty years of age…if you've worked for 20 years…you would need not worry about health care…and then social security kicks in at 62, thereafter… this would also create room with jobs for the new graduates…If you believe the quality is less…ask anyone who has Medicare…perhaps it is time our taxes are used to invest in appreciatable assets rather than completely depreciatable pay outs and create lines between capitalist profits and social reality…

  • Ahh!! Butta bing joey Biden where you hiden,Jeff Epstein's pedophile Disneyland? where's I kin getz me sum hairah plugs like da ones u gut.

  • We're getting 25 cents worth of medical care for the $1 dollar we pay…under Liz Warrens plan we'll get 1 penny's worth.

  • The only time a government project of this magnitude doesn't take twice as long and cost twice as much to complete, is when it takes three times as long and three times the cost.

  • THEY HAVE ''ALL' BEEN IN OUR GOVERNMENT FOR YEARS AND HAVE DONE '' NOTHING'' TO CURB OR CHANGE OUR SYSTEM.WHY ? WOULD WE BELEIVE THEM NOW….NOT …

  • Liberal & Conservative Mainstream media finally agree on one thing…M4All is bad because it's going to raise taxes on the rich. Hey once it comes to protecting rich people you know they'll be there.

  • If I was a billionaire and any of these Democrats got into office I take my money put it in a different bank in a different country and move

  • I'm not rich at all but you shouldn't be able to take people's money they earn that money that's it wealthiest Senators that have been in office for 30 years why don't they give him some of their Millions

  • You notice she's not even holding her little pinky up to the corner of her mouth. It's like she actually means it. What's even scarier the liberal Wallace is not even laughing.

  • 52 Trillion is a Fox Fake News Lie. The actual amount is 2.1 trillion over ten years. 52 trillion is the current amount that Americans pay for health care out of their own pockets because there is no universal health care in the US. This is why rich people want to stop Medicare For All. It would stop them from ripping off sick people like that.

  • Uh oh, the truth slipped out. The RICH are mobile. $$$ Attacking the rich will fail. They will move. That will force Communist Warren to attack the Middle Class and the Poor.

  • Neil and wallace pointed out something obvious,,,, get ready for them to start bashing again,,,,,, it is refreashing that at least once in 100 articles from these guys ,,, they can be honest.

  • What kind of moronic thinking believes that hurting business does not affect all workers. If a business has more expense the first and primary way to save money is to reduce the biggest expense which is always the employees. the more money a business has the more employees they can have the less money the less employees. just basic logic is not present in any of those socialist concepts.

  • Wallace/Demonrats Want Total Control Over Your Healthcare! If you get Out of Line, Your Dead!
    Demonrats will Confiscate Your Guns! Next Your Free Speech!

  • Sooo…as an owner of a corporation I suppose I get to look forward to paying more in taxes if she gets elected (not likely). I'm done…I'll sell my company and retire. I just don't see a way to stay in business under her "tax the rich" scheme.

  • Hmmm… One thing I read in the Warren plan is that she will end the tax loopholes allowing Major corporations to dodge their taxes. I also don't mind her taxing wall street transactions. I say go for it.

  • 52 Trillion Dollars…….with a T? What kinda cr*ck is she smoking?

    As for taxing employers….if she truly thinks they wouldn't pass it on to employees(via lower hours/people let go/etc) she's sadly mistaken. And taxing the ultra rich? Does she want to be clinton'd?

  • Ok im a billionaire and I have several factories and 500 company's all over the country. If this tax hits me I will fire every employee I have pull all my money out of BANKS sue everybody that worked for me for voting for her I will live in a extremely rural area no one will know who I am. my billions will not be taxed because it will be hidin in cash and gold form. And every other billionaire will follow suit leaving this tax to be paid by the middle class. This is simple math and 1+1 reasoning. Warren was suposed to be a teacher she is dumb as a bag of hammers if she thinks what I just described will not happen. Why do you all those countries went to china. Because of taxes and regulations. DERTEDER! CHEW ON ANOTHER TIDE POD LIBS. NO MATTER WHAT REASONING YOU HAVE THEFT IS THEFT.

  • To be fair she did major in finance at an Ivy League school. Her plan currently depends on legislation to lower drug and medicine prices as a whole. So $20.5 trillion would be possible if medicine wasn’t sold for profit and surgeries wouldn’t be profitable

  • The USA is bankrupt, so all this socialism is a way to nationalize our economy to rescind our national debt to 0. Think about it folks! 🤔🤫🤭

  • In 2008, $73 trillion dollars went missing out of the system in one day, it caused a global recession.
    This is why the homeless population grew in the past 10 years. The Democrats will increase this problem.

  • The "rich" will simply move to another state?? That would be interesting avoiding M4A… where is this "other state"? Cayman Islands? C'mon guys, you can fear-monger better than that! Here, I'll simplify it for you:
    Warren is ELIMINATING the employer/employee jointly paid insurance premium. She is ELIMINATING all co-pays, 80/20 expenses, all out-of-pocket expenses, which means ZERO point of use payment. Now, we've eliminated your CURRENT $52 Trillion expense (which includes 27.5 million people without health coverage!).
    Now the PAYMENT side:
    Since employers AND employees won't be paying insurance premiums and co-pays under M4A, they instead will be paying the equivalent, although a much lower amount, through payroll taxes – based on INCOME. If you make less than a certain amount, your tax will be much lower. Currently a family of four pays premiums and co-pays averaging $10,000 – REGARDLESS of income. Every major industrialized country in the world does it for typically HALF of that with BETTER OUTCOMES – AND they don't leave over 8% of their population without healthcare! So – let's say you tax EVERY income at a percentage that raises an average $7,000 per family of four – on a sliding progressive scale. Then you add the savings of negotiated drug prices, office visits, surgeries – the point of use prices. Since this is SINGLE PAYER, who has the advantage?? I think you know the answer. And I think most people know WHY you are fighting against a comprehensive health plan for the country: Profits. Somehow, It's EASY to come up with $700 Billion for a Wall Street bailout in 2008, but when it comes to the health of everyone who actually has to pay for that, there's no money?? I think people are getting tired of excuses…

  • Sorry. Really. Rich people do not create jobs. Trickle down has been proven, rich peeing on the poor. Healthy economics are small business es with money flowing, changing hands.
    Do not ever expect to see fox backing taxing the rich.

  • Don't have to watch this to know they wont mention how much it currently cost, which is more than what M4A would cost.

  • Politicians like Warren was the reason for the TEA Party (Taxed Enough Already) Warren proposes a HUGE spending plan that we cannot pay. Our country is already 22 Trillion in Debt. Warren is a Communist. She wants the government to take all your money because its really not our money.

  • Pompous Chris Wallace, like pompous Cavuto, both hate Trump. Both of them would be better off preening at Left Wing CNN or MSNBC

  • Dom Tor Fleming says:

    This is too complex for fox viewers: You stop giving $18K a year to Regence and instead give $12K a year to Medicare, thereby lowering your cost by 33%. So complex.

  • if you really want universal health insurance then move to the UK or Canada. I dare you to get sick there…good luck with that. Going to a hospital where all your choices have been placed on the shoulders of administers of a program is like dealing with the long lines at the DMV. When you finally get to the front, the not-so-polite clerk fires a revolver with one bullet at you. You might get lucky, maybe not, depending on what the administrator has decided they shall do for your condition at your age. You may be expendable. Free without freedom ain't free.

  • Craigs architecture and video says:

    Automation will take over human productivity when companies are taxed excessively. Typical politicians with plans they’re only work out in their fantasies.

  • Trump encourages manufacturing to return to USA. Warren's higher Income and Payroll taxes will drive them away. How does that help the economy? She is a nutcase. No Thanks but I will be happy with a strong and ever increasing Trump economy.

  • It's like listening to wealthy children repeating arguments they heard from their parents on why they can't afford to share the things they took from others. lol, Republican Kid Talk.

  • The Trump economy is remarkably strong? Are you insane?
    GDP growth is under 2%.
    The Fed is lowering interest rates again and re-started QE (though they refuse to call it that). YOu don;t do that with a strong economy.
    Plus, Trump is dumping almost a trillion into the economy from gigantic fiscal deficits.
    And forget the U-3. Trump in 2016 – rightly – called the unemployment rate a hoax.
    The economy is NOT remarkably strong.
    It is doing almost exactly what it did unter Obama – being propped up by big deficits and massive stimuli from the Fed while growing at a tepid rate.

  • here's my healthcare plan: the government grows weed and gives it to everyone for free. It may not solve your ailment but it'll at least make you feel a little better.

  • Warren high Income and payroll taxes will chase manufacturing to other countries destroying everything Trump is working so hard for. She also wants your guns which is the next step you guessed it DICTATORSHIP. No thanks I will keep my Trumpy. It's not about him It's about YOU !!

  • LYING Liz KNOWS that if payroll taxes go up who else is going to pay FOR it the middle class and ALOT of Jobs will be Lost and JOBS will leave USA !!! Please vote for PRESIDENT TRUMP that's our only hope or LOOSE your Freedom and jobs !!! And live in Socialist 3rd world Country 🤔🤔🤔🤔🤔🤔🤔

  • It's really funny. Every industrialized nation on the planet has free medical aid for all of their citizens and they have better living conditions and life style than Anerica. What's the problem USA. Clean those republicunts out of your ears and start living the way life was meant to be.

  • I wonder if politicians like Pocahontas, Bernie and AOC ever bother to analyse how much tax the middle class and the poor pay in countries like France or Sweden or Denmark to pay for all this « free » stuff like Medicare for all and « free » education for all and of course the impact all this taxation has on the buying power and standard of living let alone the costs of BIG government to run it all !

  • Pocahontas is taking lunacy to a whole new level. Increasing payroll taxes on employers will drive jobs away! Instead of breaking the system even more, figure out how to make it more efficient, and stop Medicare Fraud and Abuse! What a nincompoop! The Doctors, big Pharma, and the Insurance Companies are breaking Medicare!

  • Warren, recommends redirecting Medicaid & State funded programs towards Federal coffers. BUT, has she factored into the $53 Trillion the additional cost of care for all the uncounted illegal immigrants & those anticipated to enter the country with open borders over the next 10yrs, if Dems win?

    Medicare-fo-all, not only would veterans go back to waiting 3-5 yrs for recommended yearly health maintenance services, such as mammograms, colonoscopies or diagnostic tests such as MRI's, Cardiac Caths, but it would become the status quo for most citizens. Followed by a bureaucrat determining if & when you should receive urgent & life-saving interventions. Not to mention the more than 2 million job loss in the healthcare industry from the current private sector & the forced reduction in standard of living & slide into poverty by healthcare workers who remain employed but are forced to accept significantly lower reimbursement/salaries to continue to meet long term financial obligations.

  • So, 5.2 trillion dollars a year on health care alone, and then the governments tax income of ~3 trillion that can’t even cover our interest in debt. ~8.2 dollars a year in expenses. The poor can’t afford it, and you will not tax the middle class for it. Who in the hell is going to pay the 5.2 trillion dollar bill then? The rich trickle cost to the consumer & make profit already(business 101), so what economic logic are you using?

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