Some Kaiser employees would lose jobs under Warren's 'Medicare for All' plan, CEO Bernard Tyson says

Presidential hopeful Sen. Elizabeth Warren's "Medicare for All" proposal would cost some Kaiser Permanente employees their jobs, Chairman and CEO Bernard Tyson said Nov. 4 on CNBC's "Closing Bell" from the @ Work: People + Machines Summit in San Francisco.

While Ms. Warren's proposal could create new jobs on the healthcare delivery side of Oakland, Calif.-based Kaiser's business, some employees on the coverage side would need to "find jobs elsewhere" if "there was no option for selling commercial insurance," Mr. Tyson said, according to CNBC.

Mr. Tyson said many details of the proposal need to be worked through, but he doesn't think "Medicare for All" will solve affordability of healthcare.

"We will spend the next 10 or 15 years, once again, focused on the coverage side of the healthcare landscape. And I would argue that's not where the savings are going to come from," he told CNBC.

Access the full CNBC report here

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