Thursday, 09 Mar 2017 12:28 PM
President Donald Trump reassured Americans on Thursday his administration's healthcare plans are on track and "will end in a beautiful picture."
Trump's comments come after multiple reports say some on the Republican side are voicing concerns about the Obamacare repeal bill presented by the GOP.
According to the Los Angeles Times, the president is expected to personally call "resistant Republicans" in an effort to gain their support. But it noted conservatives have formed an indirect alliance with some moderate Republicans and predict Trump will abandon the legislation once he understands their concerns.
This is what I meant the other day when I said something about Trump trying to keep his promises but others blocking him and that that isn't his fault.
If this does manage to pass, I hope they remove the part about making health insurance mandatory. Such a provision only causes premiums to go up.
Most states have mandatory auto insurance laws, but there's a way around that: Simply stop driving. If you don't own a car, you don't need insurance. Therefore, if you're looking for auto insurance and you think the premiums are too high, you can tell the insurance agent you won't pay and take your car off the road. Realistically, not many of us would do that, but it is a legal option.
But when it comes to mandatory health insurance, you can't refuse. There's no way around it. The only legal way to avoid buying health insurance is to die. I don't think I'd want to go that far.
Since there is no way out of mandatory health insurance, that encourages higher premiums because we can't refuse to buy altogether. If we redesign the insurance exchanges, put more controls on the insurance companies, and no longer make health insurance mandatory, that would cause premiums to go down, rather than up.
I still prefer the system NS Germany used. You bought your main insurance from the government (although you could buy supplemental insurance from private companies so you could get things the standard insurance didn't cover like elective surgery and private hospital rooms). The premiums came out of your income taxes. However, if you didn't go to the doctor at all or very rarely, you got a full or partial refund at the end of the fiscal year. It was known as "pay-as-you-go". It was not very profitable, which is why insurance companies hate the idea.
Let's face it. There's no such thing as a free lunch. Everyone must pay their share, but your share shouldn't be so much that it drains you dry. That's how our system works. Those at the bottom are drained, those at the top rake it in.