Can Sen. Bernie Sanders (D-VT) use his Medicare-for-all plan to propel him higher in the polls, now that he is trailing frontrunner former Vice President Joe Biden for the Democrat presidential nomination by double digits?

Sanders is betting on it. Today, he plans to unveil his Medicare for all plan, which is said to include government-sponsored healthcare insurance for undocumented workers, as well as subsidized insurance for a wide swath of Americans.

Each of the veteran politicians is hoping their healthcare plans will turn their political tides. Both have been here before, running for president. While Biden's support in the latest Hill-HarrisX poll of Democratic voters has fallen below 30 percent, his lowest mark in the survey so far, he still has 16 percent over Sanders.

Biden introduced his healthcare plan – an Obamacare 2.0 program designed to expand the Affordable Care Act -- to a group of AARP members yesterday, telling them: “If you like your private insurance, you can keep it.” The promise restated nearly verbatim former President Obama’s Affordable Care Act promise of 2013.

At the heart of Biden’s health-care plan, which senior campaign officials said would cover more than 97 percent of Americans, is a proposal to let people choose a government-run health system like Medicare if they aren’t happy with private insurance. Obama initially included a public option in his ACA legislation, but later backed away under political resistance over costs.

The former vice president would also bolster other parts of the ACA designed to help people buy insurance. It would get rid of the income limit — 400 percent of the federal poverty level — used to determine who qualifies for tax credits that help Americans pay insurance premiums.

Biden’s plan would also circumvent the resistance by many Republican-led states to accepting the expansion of Medicaid, a program for low-income and disabled Americans. In the 14 states that have not expanded Medicaid as allowed by the ACA, Biden’s proposal would let people who otherwise qualify for assistance buy into the public option without premiums.

In contrast, Biden’s message on Medicare-for-all? It is “totally risky” and would leave millions without insurance, the former long-time Delaware senator predicted at the AARP event in Des Moines yesterday.

Sanders isn’t buying it. He is slated to unveil his Medicare-for-all vision for America today. He told picketers and supporters who were protesting the closure of Philadelphia’s Hahnemann University Hospital yesterday that his plan, which is still short on details, would reduce for-profit hospital closures and minimize coverage gaps between the rich and poor.

The cost differentials between the Biden and Sanders plans are likely to be marked.

Biden's Obamacare 2.0 plan would cost $750 billion over 10 years, to be paid for by raising taxes on the investment income of wealthy Americans, his campaign said.

Meanwhile, Congressional Budget Office estimates for Medicare for all, which is one step away from a government-controlled single-payer plan, have been pegged such plans as high as $22 trillion annually, depending on how benefits-rich they are. North Carolina politicians recently killed their own plans for a state single-payer plan when cost estimates rolled in with a $20 billion annual price tag.

Sanders has not announced how he intends to pay for his plan yet, but Wall Street and a tax on securities transactions seems to be the head-on favorite amongst liberals and Social Democrats this year.

While you may think such a transaction tax would scare the markets and the investment advisor industry, you’d only be partially right.

Even the Wall Street Journal called Biden’s plan “a nod to the past.”

In fact, a recent poll shows that Medicare-for-all has captured the interest of even savvy capitalists. In a new Financial Advisor Magazine survey, only 54% of financial professionals and executives oppose the creation of a Medicare-for-all plan. Some 20.7 of our readers would favor the creation of such a plan for folks over 50, while 25.3% of financial services professionals and executives would favor the creation of a Medicare-for-all plan for everyone.

Polling also shows that 77 percent of Democratic-leaning adults want a universal, single-payer system envisioned by a Medicare-for-all program; while only 52 percent of all adults support such a system.

The Democratic field sans Biden, however, has moved toward Sanders on the issue, with most candidates backing some form of Medicare-for-all, with or without allowing private health insurance to coexist with it.

Ben Simiskey, director of wealth management at Stegent Equity Advisors in Houston, said he tries to think about whether some of the Democrat proposals for taxpayer-financed benefits will benefit or harm clients in both a financial and emotional way, since not all of his clients lean to the right.

“Governmental policies can sometimes benefit in one way, but harm in another. I think the proposed socialist policies would be a negative to my clients financially. But for my clients who lean left, the policies could benefit them emotionally,” Simiskey said.

The economy will likely be an even more significant deciding factor in the election, he added.

Marguerita Cheng, CEO of Blue Ocean Global Wealth, in Gaithersburg, MD said she is focused on the presidential healthcare debate because of the careful financial planning and budgeting she does for each client. “It doesn’t matter if clients are high net worth or mass affluent, they all have questions regarding healthcare and Medicare.”

Cheng said she hopes all advisors are working to help clients “realistically” plan for their healthcare costs before and during retirement.

“I’ve had people pay as much as $800 per month for health insurance premiums, even before age 65. This is part of the bigger conversation and numbers crunching we do. If healthcare costs are changing, we need to be on the front line with that,” Cheng added.