Seema Nanda, the CEO of the Democratic National Committee, had a surprising response when pressed on how Democrats plan to pay for Medicare for All, a plan for universal health care that many are advocating.
'Just how do you answer the cost question?'
Nanda made the comments while speaking at the Yahoo Finance All Markets Summit Tuesday. After deflecting on the question and blaming Senate Majority Leader Mitch McConnell (R-Ky.), she admitted the DNC had no plan to pay for the policy.
"There has been some analysis, some third party analysis of a Medicare for All program," said Rick Newman of Yahoo Finance, "what it would be like, how much it might cost is a big issue."
"It would be very expensive, so if this is going to be a winning issue for Democrats in 2020, how do you answer the question of how are you going to pay for this, because there have been credible studies that say it would cost $3 trillion dollars a year, you would have to double everybody's taxes, or maybe triple everybody's taxes — just how do you answer the cost question?" he asked.
"So I don't think we're there yet," Nanda offered simply.
"I think what we saw a Republican Party, this Republican Party," she continued, "is we saw an irresponsible tax cut, and then we saw an immediate pivot that they did, towards, it was in statements by Mitch McConnell just shortly before the election, but statements that they've been making all along that they plan to go after Medicare, Social Security, Medicaid next.
"It is this president that is causing skyrocketing deficits and now they plan on going after these core programs?" Nanda asked. "So your answer is I don't know how we're going to get there. But these are all big conversations that we need to be engaged in."