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Cowards: The House Republican leadership today put forth a series of proposals for revising — not repealing — Obamacare.
A packet distributed to lawmakers at the meeting and obtained by The Hill says the GOP bill will include tax credits, an expansion of health savings accounts, money for high risk pools to care for the sick and a major restructuring of Medicaid to cap federal payments.
No dollar figures for any of the Republican proposals have been presented yet. Lawmakers said that is because the Congressional Budget Office is still analyzing the plan.
Nowhere do these proposals deal with repealing Obamacare’s ban on low-cost catastrophic health insurance plans. In fact, these proposal do little to repeal any of Obamacare’s worst regulations, which make the entire concept of health insurance unsustainable. Instead, these proposals nibble at the edges of the law, and will only serve to make things worse. For example, the proposals will repeal all the taxes that pay for Obamacare’s costs, will eliminate the mandates that force people to buy insurance, but will do nothing to relieve insurance companies from the law’s requirements, such as forcing them to accept every applicant, no matter how sick. Such a crazy arrangement will guarantee that no one will buy health insurance until they need it, making it entirely unprofitable.
The whole mess is simply too complicated. The time has come to do what Alexander the Great did: rather than try to untie the Gordian knot, he simply took a sword and cut it. Congress should do the same to Obamacare. Only then will the health insurance industry have a chance of recovery.