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It’s time to fix America’s rigged economy
WASHINGTON, D.C. (May 25, 2016) — It’s been more than eight years since Wall Street sent us into the worst financial crisis since the Great Depression.
Congress passed some important reforms to rein in Wall Street greed and excess, but we still have a long way to go to make sure our political system and our economy work for working people — and aren’t rigged in favor of the wealthy and well-connected. Wall Street spends tens of millions of dollars each year to cozy up with politicians in Congress to protect their big tax and regulatory loopholes.
It doesn’t have to be this way. Today, we’re joining with Sens. Elizabeth Warren (D-Mass.) and Tammy Baldwin (D-Wis.) and tens of thousands of community activists and consumer advocates to launch a new campaign to demand that our elected leaders take on Wall Street.
Bernie Sanders’ Health Care Revolution
Health care has emerged as a major issue in the Democratic presidential nomination contest between former Secretary of State Hillary Clinton and Vermont Senator Bernie Sanders. While Senator Sanders has made single-payer health care, or “Improved Medicare for All,” a cornerstone of his presidential campaign, Secretary Clinton has attacked the proposal, claiming that it would lead to higher taxes on ordinary Americans while threatening the coverage gains already achieved under the Affordable Care Act (ACA, or “Obamacare”). In fact, Improved Medicare for All would substantially reduce health care costs (especially for low- and middle-income families), expand coverage, and improve access to care.
Under the Sanders program, virtually all medical bills in the United States would be paid by a single public agency using funds transferred from existing government health programs and from some new (mostly progressive) taxes. By reducing administrative waste and negotiating for lower drug prices, the Sanders program would be able to reduce the growth in national health care spending, even while extending coverage to all and eliminating all premiums, copayments, and deductibles of the existing system.