It’s probably the single worst decision of the entire bill and one of the largest wealth transfers in history.
If you tell me you’re going to light your house on fire and then ask me for fire insurance, I should be able to say no.
Instead what we have is not insurance, but the world’s worst socialized health plan. Insurance is for managing tail risk, not for distributing the cost of healthcare. If we’re willing to pay a tax to subsidize the elderly, we should cut out the middleman and let the government fill that function.
If you tell me you’re going to light your house on fire and then ask me for fire insurance, I should be able to say no.
Instead what we have is not insurance, but the world’s worst socialized health plan. Insurance is for managing tail risk, not for distributing the cost of healthcare. If we’re willing to pay a tax to subsidize the elderly, we should cut out the middleman and let the government fill that function.