Elizabeth Warren says 'Medicare for All' will save employers $200 billion over decade

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If most doctors would be paid less under Sen. Elizabeth Warren’s “Medicare for All” plan, how would this impact the U.S. health care industry?

Elizabeth Warren says employers who provide health coverage to workers would collectively save $200 billion over a decade under her "Medicare for All" proposal.

The nation's largest employers project that the total cost of providing medical and pharmacy benefits will rise by 5% in 2020, topping $15,000 per employee,Warren's plan, which would eliminate employer-sponsored health insurance and replace it with a universal Medicare plan for all Americans, would redirect what employers are already paying private insurers to the U.S.

"By asking employers to pay a little less than what they are already projected to pay for health care, we can get almost halfway to where we need to go to cover the cost of my Medicare for All plan," Warren said in her post. To help curb costs, large employers in recent years have embraced some of the ideas being debated in Washington, such as passing drug price discounts directly on to workers.

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