Tuesday, March 7, 2017

A Plan Set Up To Fail

The Repub's replacement is here and it reveals, as Krugman points out, that all these years they had no better ideas. Nothing to offer except to take away health care from those who desperately need it. Our clownish President has broken all his promises related to health care.

https://krugman.blogs.nytimes.com/2017/03/07/a-plan-set-up-to-fail/

From the site:

Taken together, these moves would almost surely lead to a death spiral. Healthy individuals, especially low-income households no longer receiving adequate aid, would opt out, worsening the risk pool. Premiums would soar – without the cushion created by the current, price-linked subsidy formula — leading more healthy people to exit. In much of the country, the individual markets would probably collapse.

The House leadership seems to realize all of this; that’s why it reportedly plans to rush the bill through committee before CBO even gets a chance to score it.

It’s an amazing spectacle. Obviously, Republicans backed themselves into a corner: after all those years denouncing Obamacare, they felt they had to do something, but in fact had no good ideas about what to offer as a replacement. So they went with really bad ideas instead.

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