Sunday, January 17, 2016

Sanders Releases Universal Healthcare Plan Before Democratic Debate

Sanders Releases Universal Healthcare Plan Before Democratic Debate:



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CHARLESTON, S.C. (Reuters) - U.S. Democratic presidential candidate Bernie Sanders released details on Sunday evening about his "Medicare-for-all" universal healthcare funding plan and how he would pay for it.
The plan was released hours before Sanders was to square off in a Democratic presidential debate in Charleston, South Carolina, against Hillary Clinton, the former secretary of state and front-runner for the Democratic nomination, and former Maryland Governor Martin O'Malley.
Clinton's campaign had taken aim at Sanders in recent days, saying the U.S. senator from Vermont had not said how he plans to pay for his healthcare plan and that he needed to before the first party-nominating contest in Iowa on Feb. 1.
Sanders said that expanding Medicare, a government-run program that insures the elderly, would save $6 trillion over the next 10 years when compared with the current system, which was established by President Barack Obama's signature healthcare law, the 2010 Affordable Care Act.
Individuals would pay a 2.2 percent "premium" and employers would pay a 6.2 percent payroll tax to fund the healthcare plan. Individuals making $250,000 to $500,000 a year would pay a tax rate of 37 percent and those making more than $10 million would pay a 52 percent tax rate, according to details provided about the plan.

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