Democrats in the House of Representatives have put aside grandiose thoughts of Medicare-for-All and single-payer health insurance – at least for a day or two. Instead, they have introduced a new health plan with a more modest goal: making Obamacare work better.
It has three elements:
- Expand health insurance subsidies to everyone. (Individuals are currently ineligible for help if they earn $48,560 or more.)
- Create a national reinsurance pool to subsidize insurance companies that incur high costs.
- Reverse Trump administration regulations that make it easier to obtain limited-benefit insurance.
So, what’s wrong with that? For starters, it uses taxpayer dollars to give money to rich people and insurance companies.