Richardcyoung.com

The Online Home of Author and Investor, Dick Young

Why ObamaCare Is Not Utopia

By

fidel obamacare iconThe Republican plan to repeal and replace ObamaCare had barely been released before the proposal was “savaged from both left and right, by most of the media, by various interest groups, including doctors, hospitals, and insurance companies, and by virtually anyone else with an opinion,” writes Michael D. Tanner. To Mr. Tanner, a Cato Institute senior fellow, the bill is deeply flawed. In some cases, it exacerbates some of ObamaCare’s worst flaws.

Although the Republican bill is flawed, Mr. Tanner notes, much of the hype and criticism surrounding the bill is also flawed. Here are Michael’s top five points he wants you to understand.

  1. There will be losers as well as winners.
  2. There will be more winners than losers.
  3. No, 14 million people are not having their insurance taken away.
  4. Of the 25 million fewer insured in 2026, 14 million would come from a reduction in Medicaid enrollment.
  5. The alternative is Obamacare not Utopia.

Read more here from Michael Tanner, who also points out perhaps the biggest problem facing the health care mess: Once people have been given a benefit, regardless of how unsustainable or pie in the sky it is, it is tough to take away.

Michael D. Tanner discusses the ACA on WBAL’s The C4 Show

The following two tabs change content below.

Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.

Latest posts by Debbie Young (see all)