Without directly citing Medicare for All, businessman Tom Steyer says he will create a universal health care system that retains the private insurance marketplace, while empowering the government to negotiate drug prices and reducing “corporate stranglehold” over multiple aspects of American society including health care. He has not released a full policy document on what health care would be under his leadership.
Steyer raised $49,633,653 so far in the 2020 elections, but industry data is not yet available.[Source: OpenSecrets]
Steyer is the founder of the hedge fund Farallon Capital, which has $27 billion in assets under its management. The firm’s sector allocation toward health care has steadily increased over time to the biggest portion of their assets, up to 30% in Q2 this year, according to 13F form analysis by Whale Wisdom.