A four-year transition program would require employers to fork over what they now pay to insurers to the federal government instead, an estimated $8.8 trillion over 10 years. (Photo: Bloomberg)

Estimates from outside the Warren camp have put the cost of her proposed Medicare for All plan at as high as $34 trillion over 10 years, but Senator Elizabeth Warren, D-MA, herself has finally released details on how the plan would be paid for and puts the cost at $20.5 trillion.

CNN reports that the Warren estimate comes through the assistance of “prominent economists and health policy experts” who “reached that figure in large part by requiring state and local government to continue paying the $6 trillion they now spend on Medicaid, the Children’s Health Insurance Program and public employee premiums.” The projection also assumes lower administrative costs, lower drug prices and a resulting lower total of health care spending.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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