John Oliver’s Last Week Tonight created a supercut of premature declarations about the “end of Obamacare.” It’s a telling look at the manner in which political promises fuse with the news cycle to exaggerate reality.
After the US Supreme Court upheld healthcare subsidies for 6.9 million Americans in its decision on King v. Burwell, momentum to repeal the Affordable Care Act is waning, as Sarah Kliff wrote late week:
If the challengers had won, it would have thrown the health-care law into chaos. But the White House prevailing marks something equally momentous: President Obama’s signature legislative accomplishment is actually, really, definitely here to stay…
For more on Obamacare, make sure to read and share the comprehensive card stack at the bottom of the VOX article.
My opinion has been stated here and elsewhere often enough:
Expansion of Medicare to all citizens within a single-payer system reduces costs by cutting out the insurance industry slice of the pie. Congress isn’t likely to have the courage for that. But, the experience of Social Security – with operating costs at least 80% cheaper than anything the insurance industry offers – proves the possibility.
The same holds true for Medicaid. And I may as well throw in my favorite criticism of the provisions as designed by Congress. There is no legitimate reason preventing taxpayers in general from enjoying the same fixed, government-negotiated rates for prescription drugs that are guaranteed to members of the military.