Based on the facts, Obamacare should be a disaster for Democrats this fall. As Bill Clinton observed, people are paying twice as much for half the coverage. Among those who don’t get any federal subsidy (everyone making more than, say, $50,000), premiums have doubled and tripled and there has been a 29% drop off – even though they face a fine for being uninsured next April 15th.
“Medicare for All” is an enormously popular slogan, as evidenced by a slew of recent surveys. Its widespread appeal has emboldened the growing ranks of America’s democratic socialists, the more ambitious of whom see it as the entering wedge of a larger transformation of the country’s economic life. It’s also an indulgent fantasy, based on the illusion that we can simply reset the way the U.S. health-care system operates.
Sen. Tammy Baldwin (D-Wis.) on Wednesday introduced a measure to overturn a Trump administration rule expanding access to non-ObamaCare insurance plans.
The move is a step in Senate Democrats’ plan to force a vote on the measure as they seek to argue Republicans are attacking protections for people with pre-existing conditions, a key argument Democrats want to make in the midterm election campaign.
Most of the prominent Democrats eyeing 2020 presidential bids — including Sens. Kirsten Gillibrand of New York, Cory Booker of New Jersey and Elizabeth Warren of Massachusetts — champion the idea of “Medicare for all,” suggesting it’s become almost a litmus test for the party’s base.
But the notion of government-funded health care has proved a tough sell to Democratic voters in swing districts that will determine control of the House.
Is Bernie Sanders a socialist like Venezuela’s Nicolás Maduro, whose mania for wealth redistribution has brought a country to its knees? Or, as Mr. Sanders suggests, is he merely a “socialist” in the manner of Scandinavian politicians, who presided over thriving free economies before imposing entitlement programs and have since cut corporate tax rates to allow economic growth to fund their promises?
In a recent tweet, the Bernie Sanders insists the plan will cut $2 trillion from the nation’s health care bill.But that’s based on a scenario in which hospitals and doctors accept significantly lower payments for many patients. It’s a big asterisk, and one that Sanders fails to disclose.
Maryland is now the fourth U.S. state in recent years to contemplate a “single payer” government health plan. In California, the cost of creating a single-payer system was an enormous political obstacle.
Even if Congress were to double what it collects in individual and corporate income taxes, there still wouldn’t be enough money added to the federal coffers to finance the costs of Medicare for All.