“If you don’t have employer-based coverage, Medicare, Medicaid, or anything else, and premiums won’t cost more than 8 percent of your monthly income, and you refuse to purchase insurance, at that point, you will be assessed a penalty of up to 2 percent of your annual income. In return for that, you get guaranteed treatment at hospitals and an insurance system that allows you to purchase full coverage the moment you decide you actually need it. In the current system, if you don’t buy insurance, and then find you need it, you’ll likely never be able to buy insurance again. There’s a very good case to be made, in fact, that paying the 2 percent penalty is the best deal in the bill.”
“The total 2009 deficit is $1.587 trillion. If we entirely eliminated discretionary spending—no electricity in the White House, no military, no FBI, no national parks, no nothing—we’d still have a $346 billion deficit.”
Not bad.
“Insofar as the public option has been presented as a big part of the answer to our health-care woes, it’s been in part because it won’t do the things that make insurers unpopular (the saying “no”), and in part because it will control costs. But the only way to make both those things true at once is to give the public option pricing power along the lines of Medicare, which it doesn’t have in either the House or Senate bills.”
“Is this bill all that I would want? Far from it. But when history calls, history calls and I happen to think that the consequences of inaction dictate the urgency of Congress to demonstrate its capacity to solve the monumental issues of our time.”
Funny and depressing, via MR.
