Is there some sort of competition among Republicans to see who can stray farther from the truth and bend over backwards to turn the entire nation over to Wall Street and big corporations? It’s hard to know which one is leading this charge to come in second to Trump. John Faso is certainly in the running.
His latest obfuscation concerns the disastrous Republican (Destroy) Health Care Plan. He brags that they are preserving coverage for children under the age of 26, and mandating coverage for preexisting conditions. Here is just some of what he conveniently misses: cancelling the mandate for individuals to secure coverage and employers to provide it; cancelling the tax subsidies for low-income Americans to help pay for coverage; cancelling the expansion of Medicaid; cancelling national coverage standards for health plans; cancelling the federal health insurance exchange; and forcing those with pre-existing conditions into special high cost pools. Estimates are that insurance companies will reap a billion dollar windfall in the first year –and you can be sure that some of that will trickle down to the campaign coffers of John Faso.
No doubt he will change his public stand on some of these, but you can bet that in the end he will vote the way Paul Ryan tells him to.
WE WILL ALL BE HURT, TOGETHER WITH OUR ENTIRE ECONOMY, unless you are a billionaire or a member of Congress. Here is a link to the letter AARP sent to Congress opposing the bill.
One item that may be easy to overlook is how it will affect students over the age of 26, who do not make enough for the proposed tax breaks to help them.Higher education costs are already way too high and this is sure the drive students away, impacting those on whose future the nation’s technological future depends.
Here is a simple statistic that should convince you that a single payer system is the only way to go. Overhead and profit take at least 20% of the health care dollars spent on private insurance; Medicare’s overhead is below 2% (This number rises to around 6% if it includes the overhead of private insurers participating in Medicare Parts c & D). So if you spend $500 per month on private health insurance, over $100 is immediately withdrawn from what can be spent on actual care.