Elizabeth Warren’s excellent opening gambit on Medicare for All

(CNN)Sens. Elizabeth Warren and Bernie Sanders have set themselves apart from the Democratic presidential field in explicitly advocating Medicare for All proposals. Under their plans, an expanded Medicare system would fully cover everyone in the country. There would be no co-pays, deductibles and premiums and no private insurance. The first part of her plan proposes cutting administrative costs. The administrative costs of private insurers are more than 25% of what they pay out in benefits each year. By contrast, the administrative costs of Medicare are less than 3% of what is paid in benefits. The potential savings from getting administrative costs for the whole system down to that of Medicare is close to $3 trillion over the next decade. Join …