Here is the present scene. Leading Democrats, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, have decided to spend tens of billions of taxpayer dollars to subsidize the giant health insurance companies like Aetna and United Healthcare to “cover recently laid-off workers and those who purchase their own coverage,” as The New York Times reported. There are no price restraints on the gouging insurance premiums or loophole-ridden policies. That is why giant corporate socialist insurers love the “American Rescue Plan,” which gives them socialist cash on the barrelhead. The law lets insurers decide how and whether they pay healthcare bills with co-pays, deductibles, or grant waivers. All these anti-consumer details are buried in the endless and inscrutable fine print.That's not quite an argument by which Trumpian populists can make common cause with intersectional socialists, but there are possibilities.
Tweaking Obamacare does little to stem the relentless surge in healthcare prices and profits in our country, which is unique for not placing billing ceilings on medical procedures and drugs. This “get whatever you can” behavior by the vendors is so uncontrolled that healthcare billing fraud and abuse is costing people one billion dollars A DAY! Malcolm Sparrow, who is an applied mathematician at Harvard, estimates medical billing fraud amounts to at least ten percent of all healthcare expenses each year.What's the fundamental problem, Ralph? No price discovery and third-party payments? Monopsonistic reimbursement rates? Insurance review panels before the insurer authorizes coverage for a test or an operation?
Obamacare does nothing to limit the perverse incentives of a fee-for-service system that includes unnecessary operations, over-diagnosis, and over-prescribing all of which increase the risks of preventable casualties.
Maybe the best thing for the government to do is govern less. You're not likely to hear that from Ralph Nader, or from Congressional Democrats.








