Would Medicare for All Require a Middle-Class Tax Hike?

(Source – Committee for a Responsible Federal Budget)

With several 2020 presidential candidates endorsing a move to single-payer health care (Medicare for All), there is an ongoing debate over whether such a plan would include higher taxes on the middle class. While no candidate has fully specified how he or she would pay for the cost of Medicare for All, our analysis finds fully offsetting the cost would require higher taxes on the middle class. Even with extremely aggressive revenue-raising policy changes, we only identify enough revenue increases from high earners and businesses to cover about 40 percent of the cost of Medicare for All. However, higher taxes don’t necessarily mean higher costs, and depending on the details many households could end up paying less in taxes under Medicare for All than they currently pay in premiums and cost sharing. Continue reading blog here…

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