In part two of my ongoing series on America’s health-care system, you have the opportunity to hear directly from the most informed and scholarly analyst in America on the subject.
My clients pay to me to provide informed, and objective (yes, and correct) research on a broad range of subjects, ranging from investing one’s life savings, to the Constitution, American foreign policy, and the U.S. business cycle. To support my efforts, I spend much of my working hours—and they start early—on inference reading and on-the-ground anecdotal evidence gathering.
This past Super Bowl Sunday, 5 February, at 76 years old, I received an unpleasant wakeup call that resulted in my paring my workday load from over 12 hours per day to, for me, a lethargic five hours. I’ll tell you about my “wakeup” story in length after I’ve had time to fully research what happened to me, why it happened, and what my course of action for the future will be. All relates to my personal health and the debacle of our American health-care system. My story, certainly not unique, is how America’s health-care system affects millions of Americans just like you. You, your family and your business associates will be in for a shock. I certainly was.
Now on to Michael Cannon, my good friend for nearly a decade and one of Cato’s outstanding scholars. Here Michael Cannon kicks off the health-care discussion in the NY Post:
Senate Republicans have released their supposed Obamacare-repeal bill, the “Better Care Reconciliation Act.” Like its counterpart, the House-passed “American Health Care Act,” the Senate bill would not repeal Obamacare. Indeed, it’s not even fair to call it a partial repeal or “Obamacare-lite.”
The Senate bill fails to repeal Obamacare’s major provisions. Its purported repeal and reform provisions, particularly those tied to Medicaid, are phony. Indeed, the bill would actually expand Obamacare in significant respects.
Republicans have been promising full Obamacare repeal for seven years. That means repealing all of Obamacare’s regulations, mandates, bailouts and subsidies, including the entire Medicaid expansion. Instead, the Senate bill actually expands Obamacare
We may never know for sure, but Senate Republicans could be hiding that their bill would increase federal deficits and/or even increase actual spending on exchange subsidies.
Nevertheless, Senate Republicans will claim that their bill repeals Obamacare and replaces it with free-market reforms. Perhaps the worst part is that Obamacare supporters would be able to blame the ongoing harm their law causes on free markets rather than the actual culprit.
In my brief introduction to Michael Cannon, I purposefully omit 100% of the research, details, fine points, specifics and conclusions from him.
I am now organizing this material into a posting series where I will deliver a complete look at Michael’s work that will not require a lot of your time to read or a brain surgeon’s intelligence to fully grasp. It is vital to you, your family and your business associates that you spend the proper amount of time with Michael’s conclusions to fully capture the complete benefits from America’s #1 scholar on the subject.
Return to richardcyoung.com daily to stay in touch with Michael Cannon’s health-care research and conclusions, along with additional research and conclusions from my daily contact with Cato Institute scholars and studies. You’ll also want my detailed research into American foreign policy (i.e., the Middle East), America’s original Articles of Confederation, what I call The Swiss Way, and much, much more.
Michael F. Cannon discusses the Republicans’ Obamacare replacement on WIBC’s The Tony Katz Show
