Wednesday, March 9, 2016

Speaking of Disaster, TrumpCare!

Republican Presidential Candidate Donald Trump released details on what could potentially replace the Affordable Care Act. You'll probably be surprised that individual elements of Trump's plan are a disaster. I'm going to breakdown all seven elements that are mentioned on Note, is not owned by Donald Trump, a specific Super PAC or a political figure. It is an accurate source of information I used to understand what Donald Trump' guidelines for his
alternative are

Point 1:
Completely repeal Obamacare. We must eliminate the individual mandateNo person should be required to buy insurance unless he or she wants to

Repealing Obamacare means repealing pre-existing conditions which are great but keep in mind, we have to focus on what's best for the country. We know that Trump means he wants to get rid of pre existing conditions when he said he wants to eliminate the mandate but other than that, he has not mentioned anything else about the subject. Even though there is no other mention about the subject in this section, I still give it an A because their are only 2 main points that are straight forward, the mandate and the cost of the insurance

Grade: A

Wishlist For Healthcare (Points 2-7)

Point 2:
Modify existing law that inhibits the sale of health insurance across state lines

This actually sounds good because it would be great to see insurance companies compete for the lowest price but it really is not because insurance companies can set their interests rates as high as they want as long as it fits the criteria in the state's laws. That results in insurance companies only going to specific states. That means your state has a great chance of being left out. That is why this process is not in place anymore. 

Grade: F

Point 3:
Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system

This will not help anyone in the middle class that does not have employer insurance because they won't be able to afford it. Not only that but anyone who has a pre-existing condition will not be included

Grade: F
Point 4:
Allow individuals to use Health Savings Accounts (HSAs). Contributions into HSA's should be tax-free and should allow to accumulate

For those who are not familiar with the term HSA, it is a tax advantaged medical savings account available to taxpayers in the U.S who are enrolled in the HDHP. If individuals are allowed to use HSAs, this could generate around $50 a month that could be used to pay hospital bills. Lets be honest though, $50 a month will not play a vital role when paying hundreds of thousands of dollars in hospital bills. I give this point a C- due to the fact that it's still money.

Grade: C-

Point 5:
Require price transparency from all healthcare providers, especially doctors and healthcare organizations like clinics and hospitals

Out of all of the things Trump would want to keep from the Affordable Care Act, he chooses this! Give me a break! This means that the healthcare providers and organizations have the ability to know all of your bid prices, ask prices and trading quantities (stock, good, service) at any given time. Trump supporters, do you realize that Trump is going to make healthcare worse? Do you realize out of all of the things Trump could keep from the Affordable Care Act, he keeps this and there is nothing else he keeps? Giving this point an F would be lenient!

Grade: F

Point 6:
Block-grant Medicaid to the states

This is every Republican politicians dream. The problem is that it would make the cost of Medicaid go up tremendously, cause a lot more inflation and reduce benefits. The good part about it is that it would cut federal spending by $913 billion dollars. I believe there are other ways to cut government spending tremendously and this is a way where people will suffer financially. I give this a C- because it can result in a cut in federal spending.

Grade: C-

Point 7:
Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products

This is a complicated way to lower drug prices. What the government needs to do is what Donald Trump does for a living, they need to negotiate. They need to negotiate with the drug companies for lower prices. This point makes no sense.

Grade: F

If you are planning to vote for Donald Trump, keep in mind that Trumpcare will be much worse than what most the conservative politicians complain about, Obamacare. This is your warning. If your a Trump supporter, think about this for a few moments. Then think again!
I leave you with that......

Signing off......



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