The CBO has released its estimated cost of the new GOP health care plan and the numbers are getting some bad spin from the usual suspects.
The Congressional Budget Office (CBO) on Monday projected that the number of people without health insurance would grow by 14 million in 2018 under the Republican ObamaCare replacement bill, with that number rising to 24 million in a decade.
"The Hill described the report as a "bombshell."
The Washington Post called it "cruel."
The New York Times said the Republicans were anticipating an "almost certain to be a bleak accounting" of the plan.
The implicit standard in analysis of the health insurance system is that every consumer must have government-selected coverage.
But why?
This chosen paradigm doesn't take into consideration the most forceful motivation of human behavior, namely, whether a large expenditure of limited resources is in one's economic interest.
This standard of "universal coverage" is as artificial as the government's bloated health care costs.
A young person with minimal health expenses is well served not to purchase one of these government-created insurance policies: their yearly medical expenses do not exceed the cost of their premiums and deductibles.
With the rate Obamacare costs are skyrocketing, that pool isn't just confined to young people anymore.
If an individual or family has to fork out tens of thousands of dollars before seeing health care benefits, what's the point?
Why not save that money and when services are needed, pay directly to the care providers?..."
Read on!
No comments:
Post a Comment