EDITORIAL: No deal for the dealmaker
Well.
This is truly a remarkable story. After seven years of condemning the Affordable Care Act, Obama's signature achievement in health care, and a 2016 campaign full of promises to repeal it,
"This is a setback, no two ways about it," House Speaker
There are a number of
There is no feasible "free market" health-care system for people of modest means anymore. The costs of health care in the technological age are simply too high for all but the wealthiest families to afford. Once you convert the financial foundation of health care into the concept of insurance, whether that insurance is underwritten by the private or public sector, you have "socialized" health care, you have attempted to spread the risks across a broad swath of the population so that expensive treatments for sick people are subsidized by the premiums of healthy people.
Many
The problem with a system grounded in private-sector insurance companies is that those companies have a fiduciary responsibility to shareholders to maximize profitability. Maximizing profitability in the insurance industry means maximizing premiums and minimizing claims. So the chief incentive of private insurance companies is to charge as much as possible and provide as little health care as possible. That's still the chief problem with Obamacare -- sicker people gravitate toward the program, healthier people gravitate away from it. With most Americans covered by employer programs and absent from the public exchanges, the premiums charged by private insurers on those public exchanges keep rising to reflect the sicker cohort enrolled.
As a result, many
The
Large numbers of working-class Trump voters were horrified. Many Republican members of
We are better off without the
"We all learned a lot," Trump said. "We learned a lot about loyalty. We learned a lot about the vote-getting experience. We learned a lot about arcane rules, in both the
As with health care itself, Trump is learning on the job how complicated governing is. The expert dealmaker was unable to close his first major deal as president. Maybe Obama playing more golf with
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