{"id":37472,"date":"2019-11-05T10:36:13","date_gmt":"2019-11-05T15:36:13","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=37472"},"modified":"2019-11-05T10:36:13","modified_gmt":"2019-11-05T15:36:13","slug":"a-nightmare-for-healthcare-in-america","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=37472","title":{"rendered":"A Nightmare For Healthcare In America"},"content":{"rendered":"<p><a href=\"https:\/\/issuesinsights.com\/2019\/11\/05\/elizabeth-warrens-medicare-for-all-plan-should-really-scare-you\/\" target=\"_blank\" rel=\"noopener noreferrer\">Issues &amp; Insights<\/a> posted an article today about Elizabeth Warren&#8217;s healthcare plan for America.<\/p>\n<p>These are some highlights from the article:<\/p>\n<p style=\"padding-left: 40px;\"><strong>So Warren simply waves her magic wand and makes $14 trillion in costs disappear. And how does she cut Medicare for All\u2019s price tag by 41%?<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>By proposing:<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong>impossibly deep cuts in drug prices,<\/strong><\/li>\n<li><strong>devastating cuts in payments to hospitals and doctors,<\/strong><\/li>\n<li><strong>and entirely unrealistic claims about overhead costs.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><strong>Even with Warren\u2019s phony price tag of $20.5 trillion, the taxes required are truly astronomical. Warren says businesses would have to contribute $8.8 trillion in taxes to help finance Medicare for All. She says they should be grateful because under the current system they\u2019ll spend $9 trillion on employee health benefits. \u00a0<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>But she doesn\u2019t actually know that businesses will spend $9 trillion on health care over the next decade. It\u2019s just a guess. And not a very good one, since businesses are finding new and better ways every day to keep their health costs under control.<\/strong><\/p>\n<p>Her plan is to pay for healthcare by doing the following:<\/p>\n<p style=\"padding-left: 40px;\"><strong>Even the supposed business savings are phony since Warren would massively raise corporate income taxes. In her plan, she announces that she would:<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong>repeal the Trump corporate tax cuts, reinstating the 35% tax rate that made U.S companies uncompetitive among industrialized nations,<\/strong><\/li>\n<li><strong>enforce a \u201ccountry by country\u201d minimum tax of 35%,<\/strong><\/li>\n<li><strong>and lengthen depreciation rules.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><strong>Combined, these and other new levies would raise corporate taxes by <em>$2.9 trillion<\/em>.And this doesn\u2019t count the following:<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong>the $800 billion tax on financial transactions she\u2019d impose<\/strong><\/li>\n<li><strong>the $100 billion fee on \u201cbig banks\u201d<\/strong><\/li>\n<li><strong>a 6% wealth tax<\/strong><\/li>\n<li><strong>much higher capital gains tax rates<\/strong><\/li>\n<li><strong>and a requirement that taxes be paid on cap gains every year, whether or not the stocks are sold<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><strong>Guess who will be paying all those costs?<\/strong><\/p>\n<p>People need to remember that corporations do not actually pay higher taxes&#8211;they pass those tax hikes on to the consumer in the form of higher prices. Consumers pay higher corporate taxes and higher corporate taxes drive businesses out of the country.<\/p>\n<p>The article concludes:<\/p>\n<p style=\"padding-left: 40px;\"><strong>Meanwhile, drug companies would be entirely at the mercy of whatever price caps Warren decides to impose (namely, 70% cuts for brand name drugs and 30% cuts for generics), since they\u2019d have no other buyers.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>Pharmaceutical companies that don\u2019t play ball, she says, would risk losing their patent protection (through compulsory licensing) while the government takes over drug manufacturing. Say goodbye to the pharmaceutical industry.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>In sum, Warren is peddling a health plan that, if it were actually enacted, would devastate the economy, wreck the nation\u2019s health care, and put the government in control of just about every business decision. And she has a good chance of claiming the Democratic party\u2019s nomination. That\u2019s frightening.<\/strong><\/p>\n<p>And right now, she is one of the leading candidates for President.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Issues &amp; Insights posted an article today about Elizabeth Warren&#8217;s healthcare plan for America. These are some highlights from the article: So Warren simply waves her magic wand and makes $14 trillion in costs disappear. And how does she cut &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=37472\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2242,6997,583,18,542,11191,12212,1381,437,2223],"class_list":["post-37472","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-capital-gains-tax","tag-drugs","tag-elizabeth-warren","tag-healthcare","tag-income-tax","tag-income-taxes","tag-issues-insights","tag-medicare","tag-taxes","tag-wealth"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/37472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37472"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/37472\/revisions"}],"predecessor-version":[{"id":37473,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/37472\/revisions\/37473"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}