“Republican House leaders have spent months dodging questions about how they would replace the Affordable Care Act with a better law, and went so far as to hide the draft of their plan from other lawmakers. No wonder. The bill they released on Monday would kick millions of people off the coverage they currently have. So much for President Trump’s big campaign promise: “We’re going to have insurance for everybody” — with coverage that would be “much less expensive and much better.”
More than 20 million Americans gained health care coverage under the A.C.A., or Obamacare. Health experts say most would lose that coverage under the proposal.”
Great editorial. I liked the statement, that the new bill returns $$600 Billion to tax payers who make over $200 million a year over ten years.
This comment below, explains to me for the first time, why a single payer system is the best solution, and in a civilized society, probably the only one. Bruce Rosenblitz, wrote: “The real driver of costs is that the providers are a protected cartel with inelastic demand. Medicine is essentially a private sector entitlement that operates without supply/demand market controls. The free market only works when the customer can refuse to buy. It’s pay me or die. That’s not a market. It’s extortion.” This is the clearest explanation for the reason for a single health payer system I have ever heard. You can’t say no to health care, the way you can refuse an extra pair of shoes. Here is the whole comment.
Bruce Rozenblit is a trusted commenter Kansas City, MO 11 hours ago
“The sheer stupidity of this plan and its cruelty are beyond comprehension.
Increased competition between insurers will not lower prices. They all have about the same costs and overhead. All they can do is offer a slightly different batch of covered items.
My premiums at age 61 are $9,000. Without the subsidy of $5300, I’m out. Can’t afford it. This plan will raise my rates to at least $12,000 ($14,000?) and give me $4000 back. I still can’t do it. I’ll be living off of rice and beans.
I can’t save for an HSA if I’m tapped out on premiums. I still have to come up with a big deductible if I get sick. I’m not a pauper. I’m straight up middle class. IRA contributions? Forget it.
More choices won’t help because no one schedules getting sick or having an accident. Consequently, we don’t know what we may need in terms of coverage.
The real driver of costs is that the providers are a protected cartel with inelastic demand. Medicine is essentially a private sector entitlement that operates without supply/demand market controls. The free market only works when the customer can refuse to buy. It’s pay me or die. That’s not a market. It’s extortion.
If they jettison the subsides, many millions of middle class will be forced to drop out. The young will walk away without mandates.
Health care is not like buying a TV or sofa. The only choice needed is to be taken care of when we get sick or injured. No market can do that. Single payer can.”
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