Tag Archives: Health Care Reform

Medicare for All

Its clear that Bernie Sanders is making “Medicare for All” the keystone in his push for the 2020 Democratic Nomination. The topic of guaranteeing health care for all Americans is popular so its a smart move on his part, and makes for easy sound bites.


“Together we are going to end the international embarrassment of the United States of America, our great country, being the only major nation on earth not to guarantee health care to all as a right,” Sanders said. “This is a struggle for the heart and soul of who we are as American people.” “Health care is a human right, not a privilege,” Sanders said at a Capitol Hill rally Wednesday.

The real battle here is about logistics and cost, however. you don’t hear much about that on the nightly news or the late-night talk shows. Most estimates, including democratic ones, indicate it ” could increase government spending on health care by more than $25 trillion. ” The liberterian Mercatus Center puts the price tag at 32.6 trillion over ten years. Sanders claims that the higher taxes paid by all would be balanced by what you would save on premiums and high deductibles. This discounts the fact that about 85% of the population has claims less than $2000 every year; they will still be paying much higher taxes.

The White House described the plan as a “total government takeover of health care that would actually hurt seniors, eliminate private health insurance for 180 million Americans, and cripple our economy and future generations with unprecedented debt.” The president has vowed the GOP will be the “party of great health care,” but has not provided a plan of his own.

Unfortunately, no one on either side has yet proposed any legislation that would be functional, reasonable priced, and actually solve some of the biggest issues in health care costs- prescription drug costs, fraud and skyrocketing malpractice costs. Our system is clearly broken, and cannot be fixed by soundbites, political parties or sweeping statements. IMHO its time this country figured this out.

This week in the “American Health Care Act”

obamacare with cancel cirle over it

The administration has laid out a three pronged approach.  The first step is “Repeal and Replace ObamaCare” (which looks a lot more like “repairing” – which is probably good).  This would involve eliminating individual and employer mandates, unburdening the tax load placed by the ACA, revitalizing Medicaid, and expanding Health Savings Accounts.

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So what is the “American Health Plan” from the house?

paul ryan american health care plan

Thanks to Keith Zuckerman from PGP for this:

Below are comments from our government affairs people at NAHU plus a very good summary of the new bill House GOP’ers put forth yesterday.  Keep in mind that this has a long way to go to become law and we will keep you apprised of future developments.  Some of the highlights are:

  • Employer Mandate.  The employer mandate would be eliminated as of January 1, 2016.  As a result, employers could still be liable for ACA penalties for 2015.
  • Employer Reporting.

o   Beginning for the year 2020, the Form W-2 would be required to indicate whether an employee was eligible for employer-provided coverage that disqualified the employee from the new individual tax credit (discussed below).

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Insurers to leave ObamaCare if no clear pathway

image of nurse with obamacare logo

Health insurers want to see how Congress intends to replace Obamacare before they commit to offering policies for 2018, a new survey has found.

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The Collapse Of ObamaCare

Obamacare

On November 7, 1940, Gallopin’ Gertie collapsed.  If you are not familiar with the story, there is a great video clip of the failure in Tacoma, Washington.  The bridge was only open for 130 days.  “From the time the deck was built, it began to move vertically in windy conditions.  Despite numerous warnings,  officials decided to open the bridge anyway.  In a 40 mph wind storm the bridge collapsed after a dramatic period of enormous up and down movement (seriously, if you have not seen the video, its worth the watch).

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Reeve Conover is a Registered Representative. Securities offered through Cambridge Investment Research, Inc., a Broker/dealer member FINRA/SPIC. Cambridge and Conover Consulting are not affiliated. Licensed in SC, NC, NY, CT, NJ, and CA.
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