The Washington Examiner’s Philip Klein has a must-read article on Elizabeth Warren and how “she built her career on a series of cons.”
The entire piece is worth a read, but here’s a summary of it in thread form ==>
Elizabeth Warren has built her career on a series of cons and like any grifter, she only gets bolder as she gets away with them. With her M4A plan, she's attempting the big one. My latest in depth magazine piece https://t.co/sUEgAp7w7L
— Philip Klein (@philipaklein) November 12, 2019
From her debunked medical bankruptcy research to her unconstitutional CFPB to her gimmicky legislation to her unserious campaign proposals to her joke of a M4A financing plan, Warren his moved from one con to another https://t.co/sUEgAp7w7L
— Philip Klein (@philipaklein) November 12, 2019
She “preys on the vulnerable”:
Like her fellow con artists, Warren preys on the vulnerable and promises them easy fixes to difficult problems, with no tradeoffs https://t.co/sUEgAp7w7L
— Philip Klein (@philipaklein) November 12, 2019
Specifics on the M4A con:
Kenneth Thorpe (a health finance expert hired by VT to evaluate single-payer) told me Warren's M4A savings were "unrealistic" & that her promised cuts to Rx prices, "would be the end of any type of research and development and innovation in this country.” https://t.co/sUEgAp7w7L
— Philip Klein (@philipaklein) November 12, 2019
Warren claims she can keep admin costs to 2.3% systemwide. But Thorpe says that would require eliminating lots of stuff that Medicare currently does beyond pushing paper that presumably they'd want to keep doing, such as coordinating care https://t.co/sUEgAp7w7L
— Philip Klein (@philipaklein) November 12, 2019
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Warren, in addition to claiming savings from slashing provider payments, claims an additional $2.3 trillion from payment reforms. Thorpe says, “I don’t know how in the world you get additional savings from additional payment reforms when you’ve also set the payment rates low.”
— Philip Klein (@philipaklein) November 12, 2019
Warren claims $2.3 trillion in additional revenue from better IRS enforcement. But the CBO — which would actually score her plan — has said a 35% increase in IRS enforcement budget would only net $35 billion, with a "b." https://t.co/sUEgAp7w7L
— Philip Klein (@philipaklein) November 12, 2019
Warren's M4A financing plan involves: chopping $14 trillion off the cost by making assumptions experts across ideological spectrum find unrealistic & then inflating revenue estimates https://t.co/sUEgAp7w7L
— Philip Klein (@philipaklein) November 12, 2019
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