Sunday, October 27, 2019

Warren has a Medicare for All problem

Just to insue the 7 million uninsured who left Obamacare will require re-instating the equivalent of 3,000 per year taxes on the upper half of the income distribution. (Using 20k per year in cost). This just gets us back to pre-Trump.  There are another 27 million who will be on Medicare for all, so quadruple those taxes.

These are not all new taxes, many of those folks got medical care of some sort and the cost gets pushed onto premiums sooner or later.  Medicare for All just makes the cost visible, like Obamacare, the result being the taxpayers go into rebellion. What the voters really want is a fair chance to avoid paying the cost by selecting their own private insurer.

Tax avoidance is an American tradition. We would rather risk the government bankruptcy than pay the fees. Warren is going to get caught and lose the election.

Her other problem is market control. The system is set up to pay the market price and the market will produce infinite, but necessary, medical services under that contract. There is a straight path to bankruptcy and debt repudiation.

And, need I remind everyone, we are facing the much bigger government problem, small state extinction.  Both Bernie and Vermont may die off before the election even happens.

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