The decommodification of health insurance was always an anomaly in Elizabeth Warren’s liberal reform agenda. After all, Warren famously called herself a “capitalist to my bones.” But after months of cryptic rhetoric, she has reconciled this inconsistency with a health care plan that won’t get us closer to achieving Medicare for All.

Warren’s recently unveiled health care plan asks us to park the demand for Medicare for All for three years in favor of pushing for a public option. Instead of replacing private insurers with a single-payer system, a public option is a publicly run health care plan that would compete against private insurers on the Affordable Care Act (ACA) exchanges.

Warren calls her iteration of this idea a “Medicare for All option,” distinguishing it from past public option proposals by including more generous coverage and automatic enrollments. She claims that her “Medicare for All option” will be funded “without raising taxes on the middle class by one penny.” The financing blueprint combines regressive taxes with highly contingent revenue streams such as passing immigration reform, ramping up IRS enforcement, and eliminating Pentagon slush funds.