if we run on telling half the american people their private insurance including medicare advantage which half of the seniors have, that it s illegal. it s bad health care policy and will cause underinvestment in the health care industry. this is something i know about. i m the only person who s ever run for president who was in the health care business. how do you pay for it? are you willing to tax the middle class? my plan is paid for by taking away the corporate deductibility of health care. we have a big loophole. in other words when you get health care from your company you are not taxed on the benefit. but your employer gets to deduct it. that s a $4 trillion loophole over ten years. i will take that, use it to expand health care to every american. you need more than $4 trillion. we need $5 trillion. the other trillion comes from affordable care act subsidies we don t need. it s fully paid for. when people work at companies they cannot take their federal plan and get a tax
provide universal health care to every american. it leaves medicare alone. it creates a new system from when you re born to you re 65. we roll medicaid into that. you get it as a right of citizenship. but if you don t want it, you can opt out. get a small tax credit. or you can buy a supplemental system. and it s fully paid for by eliminating the corporate deductibility of health care. that s the right solution to the problem we have in health care. it provides everyone with access. it keeps a vibrant, private market. it will ensure that americans have high-quality health care and good access, right, and we can do things to control the cost of health care. i want to bring in amber ivy. she works for a nonprofit in washington, d.c. hey, amber. previously worked for the state of maryland. amber? thank you for taking my question. as a black woman, one of the things i m concerned about, this is the time of year where election season comes around and now all of a sudden people care
will pay costs, which means people will stop paying in the healthcare process. i look at those proposals and say well, they sound good. they re actually not good policy. i propose a universal healthcare poise everyone has a right. people have options, more flexibility in how they choose their healthcare. they also get bake healthcare as a right. i believe it is, i think particularly when we are looking at an economy where people will be changing jobs too often, we shouldn t have a healthcare that it s tied to their jobs. you are saying we should remove the healthcare that pays for the private expansion. i would help employees negotiate good deals the problem with the corporate deductibility of healthcare it fundament ally creates an incentive to tie your
drug prices directly with the drug companies. one of the things we do at the veterans administration and dye we celebrate veterans day. i appreciate earlier what andrea and david said about general mattis and troops at the border and honoring the men and women in uniform today and those who served our country. we negotiate drug prices on behalf of veterans directly with the drug companies. we ought to do that for medicare because a big part of what s driving health care costs is the cost of prescription drugs. we should allow we should be able to purchase drugs on the open market as long as those countries around the world have an fda equivalent as canada does and a number of countries do. there are a number of things we can do. we should not allow the deductibility of drug company advertising. why should taxpayers subsidize all the drug company ads on the morning joe show. senator, donny deutsch.
taxes, you can no longer do that. you don t have those deductions anymore. donald trump took that away. and the loss of those deductions means an increase in your annual tax bill of tens of thousands of dollars. and if you re one of america s regular rich people like, you know, a millionaire, a person who makes a million or a couple of million dollars a year, you got a huge tax increase of hundreds of thousands of dollars a year because of what donald trump did to the deductibility of state income taxes and property taxes. that s why i never call the trump tax cut a tax cut for the rich. it was a tax increase for the rich and a tax cut only for the super rich. and the super rich do not show up for trump rallies. they just whisper what they want directly to donald trump on the phone late at night. that unsecured iphone that donald trump likes to use to talk to his super rich friends while the chinese and the russians and any foreign intelligence agency that wants