Rand Paul is trying to save President Trump from a horrific mistake, which would be signing into law any of the current Republican healthcare bills that enrich the insurance companies, while leaving more uninsured people.
Excerpt from Breitbart
I miss the old days, when Republicans stood for repealing Obamacare. Republicans across the country and every member of my caucus campaigned on repeal – often declaring they would tear out Obamacare “root and branch!”
Now too many Republicans are falling all over themselves to stuff hundreds of billions of taxpayers’ dollars into a bill that doesn’t repeal Obamacare and feeds Big Insurance a huge bailout.
Obamacare regulations? Still here. Taxes? Many still in place, totaling hundreds of billions of dollars.
Insurance company bailouts? Those, too. Remember when Republicans complained about Obamacare’s risk corridors? Remember when we called the corridors nothing more than insurance company bailouts? I remember when one prominent GOP candidate during a presidential debate explicitly called out the Obamacare risk corridors as a bailout to insurance companies. Does anyone else?
Now, the Senate GOP plan being put forward is chock full of insurance bailout money – to the tune of nearly $200 billion. Republicans, present company excluded, now support the idea of lowering your insurance premium by giving a subsidy to the insurance company.
Remarkable. If the GOP now supports an insurance stabilization fund to lower insurance prices, maybe they now support a New Car stabilization fund to lower the price of cars. Or maybe the GOP would support an iPhone stabilization fund to lower the price of phones.
The possibilities are limitless once you accept that the federal government should subsidize prices. I remember when Republicans favored the free choice of the marketplace.
The Senate Obamacare bill does not repeal Obamacare. I want to repeat that so everyone realizes why I’ll vote “no” as it stands now:
The Senate Obamacare bill does not repeal Obamacare. Not even close.
In fact, the Senate GOP bill codifies and likely expands many aspects of Obamacare.
The Senate Obamacare-lite bill codifies a federal entitlement to insurance. With the Senate GOP bill, Republicans, for the first time, will signal that they favor a key aspect of Obamacare – federal taxpayer funding of private insurance purchases.
The bill will transfer billions of dollars to people who will then transfer billions of dollars to insurance companies. What a great business model – encourage the federal government to use taxpayer money to buy a private company’s product. Great business model, that is, if you are Big Insurance. Remarkable.
The Senate Obamacare-lite bill does what the Democrats forgot to do – appropriate billions for Obamacare’s cost-sharing reductions, aka subsidies. Really? Republicans are going to fund Obamacare subsidies that the Democrats forgot to fund?
Karl Denninger has been writing the most intelligent material on healthcare for years now. He’s shown how if we stay the course, the healthcare and health insurance industries will bankrupt the country and drive most of us into complete poverty. His work with the numbers is scary stuff.
Karl has written a one sentence law that no one in Congress will look at because they’re all in the pockets of big pharma and the big insurance and healthcare companies.
Here it is:
“Notwithstanding any other provision in state or federal law, a person who presents themselves while uninsured to any provider of a medical good or service shall not be charged a price greater than that which Medicare pays for the same drug, device, service or combination thereof.”
If you want to add a penalty clause with it I propose the following:
“Any bill rendered to a person in excess of said amounts shall (1) be deemed void, with all services and goods provided as a gift without charge or taxable consequence to said consumer but not deductible by said physician or facility from any income or occupational tax and (2) is immediately due to the customer in the exact amount presented as liquidated damages for the fraud so-attempted.”
It ends the “Chargemaster” ripoff game.
It ends the $150,000 snake bite or the $80,000 scorpion sting.
It ends the $500,000 cancer treatment.
It ends all of that, immediately and instantly.
I remind you that Medicare is required to set pay rates by law at a level that in fact are profitable — that is, above cost by a modest amount — for everything it covers. Further, those pay rates are audited regularly to prove that they in fact are above cost.
Does this solve every problem? No, and in fact that would leave alone the existing monopolistic pricing systems that many medical providers, whether they be drug makers, device makers, service providers or otherwise have in place. It would do exactly nothing to get rid of the 10 paper pushers hired for every doctor or nurse, none of whom ever provide one second of care to an actual person through their entire time of employment.
But it would instantly end walking into an emergency room and getting hammered with a $50,000 bill for something that Medicare will pay $5,000 for.
Denninger has many more articles on his site about health care, most notably revolving around the idea that the anti-trust laws (Sherman Antitrust Act of 1890) should be applied to the healthcare industry.
He’s well worth the read because his common sense exposes the hoax that the Republicans and Democrats, with the exception of Rand Paul, are pulling on us.