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Alternative Visions – Deconstructing the Republican House/Paul Ryan Obamacare Repeal Bill – 03.10.17

Jack Rasmus dissects the Republican/Ryan proposal of this past week to repeal and replace the Obamacare Act. The proposal is first and foremost a $500 billion a year tax cut for corporations and the wealthiest 1%, as they no longer have to contribute anything to the plan. Other provisions of the proposals are described, including the freeze and dismantling of the Medicaid elements, the end of all mandates, the sliding scale of in come for credits, etc.  This is a tax cut bill and a further privatization bill, and should be viewed as the first of a sequence of medical related bills that will make everyone ‘pay more for less’. Next target: Medicare. Rasmus reviews the plusses and minuses of the Obama ACA, and why it was doomed from the start due to inability to control health cost increases. The show concludes with an analysis of the origins of escalating health costs since the 1990s, which have their roots in health insurance companies’ and drug companies’ drive to buy out competitors and Wall St.’s penetration of these companies to require more profitability in exchange for loans to buy up their competitors. The trend for a quarter century has been increasing privatization and rationing of health care costs and services. And it’s about to become worse. (Next week: The Federal Reserve’s next interest rate hike next week and its impact)