Elizabeth Warren concedes 2 million jobs could be lost under Medicare for All

(Image: YouTube screenshot)

Sen. Elizabeth Warren was repeatedly pressed to provide real numbers to support her “Medicare for All” plan and she finally delivered, but the stunning figures drew more backlash.

The Massachusetts Democrat and 2020 contender could hardly even defend the plan which she admitted during a New Hampshire Public Radio forum this week would lead to about 2 million lost jobs.

(Video: YouTube/New Hampshire Public radio)

Warren was asked about an estimate that her proposal would lead to millions of Americans in the health industry losing their jobs by NHPR’s Casey McDermott.

“An economist at the University of Massachusetts Amherst told Kaiser Health News earlier this year that could result in about 2 million jobs lost,” she said.

“He said those would be mostly administrative positions and insurers, doctor’s offices, and he said the politicians who want to move toward that system, Medicare for All, have to think about what a quote ‘just transition, a fair transition’ would look like,” McDermott added, asking the Democratic candidate, “What would that look like for you?”

“So I agree,” Warren said. “I think this is part of the cost issue. And should be part of a cost plan.”

“Although do recognize on this what we were talking about, and that is, in effect, how much of our healthcare dollars have not gone to healthcare,” the lawmaker continued. “How many of those dollars have been pulled out in other directions.”

She criticized for-profit insurance which she characterized as being in favor of denying care in order to make a profit.

“That’s just not a sustainable healthcare system,” Warren said.

There was no process to address the huge job loss her plan would trigger in a release by Warren on Friday.

And while Warren announced “Let’s get to the math!” in a series of tweets Friday, she still did not provide any concrete process to mitigate the loss of about 2 million jobs.

The report cited in the forum discussion did address the potential job losses, suggesting “up to three years of salary and help in retraining for another profession.”

Warren also claimed that her campaign was the only one to reveal the “true, full costs” of the plan, estimated to cost an eye-popping $52 trillion.

The plan would see new tax increases to pay for it, with $20 trillion in taxes on employers, financial institutions and corporations.

Twitter users slammed the Democrat for the “lunacy” of her proposed plan and the lack of any remedies to offset the negative impacts which Warren claimed were “part of the cost issue,” and “should be part of a cost plan.”

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Frieda Powers

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