Elizabeth Warren also supports Medicare for All and has provided her own financing plan for the program to the tune of $20.5 trillion. [Pictured: Medicare for all sign at a bus stop in Washington, D.C.] One example of a single-payer system is Medicare for All—the idea that the same, single coverage is financed for everyone. While the government foots the bill in a single-payer system, it is not always the provider and can use private companies for the insurance itself. [Pictured: A customer paying in the pharmacy.] Sen. Bernie Sanders in the 2016 election cycle promoted the idea of free college in the U.S.—a concept that has become a cornerstone in progressive circles. His plan would render all public state colleges and universities free, with individual states covering 33% of tuition and the federal government covering the other 67%. [Pictured: Students mingle on the Quad lawn of the University of Illinois college campus in Urbana-Champaign.] In 2020, student loan debt reached an astonishing $1.56 trillion, according to Forbes’ Zack Friedman. The situation can be labeled a crisis considering not only its effect on over 44 million borrowers who owe an average of more than $30,000, but also its persistence; millions of retirees remain in student debt and thus financial distress for much of their lives.
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