Welcome to Axis forerata, where we take just 10 minutes to get you smarter on the collision

of tech, business, and politics. Sponsored by Silicon Valley Bank. Ideas Bank here. I'm

Dan for Mac. On today's show, Apple steps up on affordable housing and private equity

wants to buy the New York Knicks. But first, killing the business of health care. Elizabeth Warren on

Friday released details of her Medicare for All plan. In short, it ends health care as any American

has ever known it. It eliminates private insurance completely, creates very few out-of-pocket

expenses, mandates lower drug prices, and pays doctors less. Basically, it would be the country's

first major effort at health care cost containment. So how does she make the math work? Well, as you

might imagine, this is where things get pretty tricky. For starters, she basically doubles her surtax on billionaire wealth.

She then expects a ton of savings from healthcare administration and for employers to kind

of take what they currently pay for employee health care and give it into the new Medicare

for all system.

And then states and cities are also expected to chip in a bunch of money.

In terms of the politics and business of health care, it would be revolutionary and much more prescriptive than Bernie Sanders' Medicare for All plan, which is more of a choose-your-own-adventure sort of thing.

It also seems to be bending over backwards to not raise middle-class taxes, which is something that Sanders has acknowledged his plan would do,

although he believes those increases would be offset by lower individual health care costs.

To be sure, it's unclear if Warren's plan could ever pass Congress, even if she were elected president.

And the courts might also object a lot to certain parts.

But the real question here is that were Warren's plan to become

law, could it work? Could it fix a health care system that most Americans on a bipartisan basis

believe is broken? In 15 seconds, we'll dig into that question with Axios health care reporter

Caitlin Owens. But first, this. This episode is brought to you by Silicon Valley Bank. Know everything

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