Bill Clinton’s catching hell for calling a certain aspect of the Affordable Care Act — NOT the whole program, mind you — “the craziest thing in the world.” And this is what he said (quotes taken from CNN)…
“But there is a group of people — mostly small business owners and employees — who make just a little too much money to qualify for Medicaid expansion or for the tax incentives who can’t get affordable health insurance premiums in a lot of places. And the reason is they’re not in big pools,” Clinton said. “So they have no bargaining power.”
“So you’ve got this crazy system where all of a sudden 25 million more people have health care and then the people who are out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half. It’s the craziest thing in the world,” Clinton said.
I’m EXACTLY who he’s talking about. I’m a sole proprietor with individual health insurance, and I earn a little too much to qualify for any subsidy from the ACA.
In the past two years, my premium has gone up 52%. I’m still three years short of qualifying for Medicare, so I just dug into savings and paid off my mortgage because I fully expect my health insurance premium to become so crushing, I won’t be able to continue paying both.
Trump, of course, is cherry-picking Clinton’s statements as agreement with Republicans. That’s because Trump doesn’t have a clue what he’s talking about. All Trump’s said is he’d replace Obamacare with “something terrific.”
But Bill Clinton is spot-on about the ACA’s biggest weakness. I thank him for bringing it into the conversation.
Hillary favors adding a “public option,” but as long as greedy private insurers continue to gorge themselves at this trough, raising premiums AND collecting government subsidies, Americans will continue being screwed while having unaffordable access to healthcare.
The ONLY solution is a single-payer system — Medicare for all — with EVERYONE (including employers if they keep offering coverage to employees) paying into one central, not-for-profit pot. Done right, it would eliminate copays and deductibles. These are the additional costs that become deal-breakers when piled onto already-high premiums.
We’d ALL come out ahead in the long run.