Elizabeth Warren Praises Namesake of Des Moines High School, Not Ready for ‘Medicare for All’ Price Plan
DES MOINES, Iowa — Democratic presidential candidate Elizabeth Warren, U.S. senator from Massachusetts, paid tribute to the former president for which a Des Moines high school is named on Monday morning. “Hello, Roosevelt Roughriders!” Warren said as she took the stage.
Warren has pledged that as president, she would break up large companies that she feels hold monopolies, giving them unfair competitive advantages over rivals and punishing consumers by ultimately reducing choices. At a rally before 650 high schools at Roosevelt High School, Warren singled out big companies that control much of technology, agriculture and pharmaceuticals. She praised the high school’s namesake, former President Teddy Roosevelt, for taking action in the past. “To be in a school that is named for the president who was the first one to break up the giant corporations in this country,” Warren said, “Go Teddy Roosevelt!”
In the early 1900s, President Roosevelt broke up monopolistic practices in the oil and railroad industries. Warren has feuded with Facebook founder Mark Zuckerberg about her call to break up his company. On Monday, Zuckerberg announced new efforts at Facebook to fight efforts by other countries to interfere in the 2020 election, as Russia did in 2016.
Warren announced a new $800 billion plan during her visit to Roosevelt that she says will help districts better educate lower-income students, students with learning challenges and provide breakfast and lunch at school. It's part of an overall $2.75 trillion plan which she says will also have the federal government provide tuition-free college at public universities and forgive most student loan debt. She said that she will finance it with a wealth tax, where she will levy a yearly two percent tax on a person's assets about $50 million.
She wasn't ready yet to disclose how she plans to pay for her Medicare for All health care plan, which would replace most private insurance. That could cost tens of trillions of dollars to implement. Warren said Monday--something that she previously announced Sunday--that she will release financial details of her plan later but hasn't provided a specific deadline.
Other Democratic candidates have increasingly become more critical of Warren's refusal to disclose how she would pay for her plan as she has emerged as a party front-runner for the nomination. Warren told reporters, "The estimates on the cost of Medicare vary by trillions and trillions of dollars. And the different revenue streams of how to pay for it are many, so I will be putting forward a plan."