Tag Archive: Medicare for All


“The problem with socialism is that you eventually run out of other people’s money.” — UK Prime Minister Margaret Thatcher (1925-2013)

If a private sector position with full benefits isn’t the greatest anti-poverty program ever devised … what on earth is?

In order to avoid saying she will raise taxes on the middle class for “Medicare For All,” Senator Elizabeth Warren (D-Massachusetts) is proposing federal confiscation of all pretax employer paid Medicare health care benefits for literally millions of working achievers.

Her plan will eliminate private health insurance for 150 million Americans or more, and nationalize the $530 billion private health insurance industry.

Isn’t the termination of $8.8 trillion in cherished pretax employer-paid health care benefits for millions of employees, the equivalent of a middle class tax increase on steroids? Keep in mind, the annual federal budget is only … $4.45 trillion.

Instead of Starbucks paying $20,000 for this benefit to each of its 291,000 employees for private insurance (e.g., Blue Cross, Kaiser …), the legendary coffee roaster would be compelled to turn-over a similar amount to the federal government. In turn, these employees would lose their Starbucks offered pretax Medicare benefits and choice of private health insurer, only to forced into government paid … and only government paid … DMV-style insurance.

The Bernie Sanders “Medicare for All” bill (which Warren supports) calls for a 4 percent federal income tax increase for middle class workers. In order to avoid saying she is raising middle class taxes, Warren proposes instead federal confiscation of pretax employer paid health care benefits.

“In practice this (redirection of employer-paid health benefits to the government) would be a tax on employment, which seems likely to hurt middle-class Americans.” — The Economist, November 9, 2019

Deciding which plan (Sanders or Warren) is worse is just as difficult as deducing which is better.

How about keeping and retaining private health insurance, and our ability to choose our own doctors, dentists and optometrists?

Almost DailyBrett has always exhibited a libertarian streak. If we empower our $4 trillion behemoth federal government to confiscate pretax employer-paid health insurance, and eliminate private health insurance for 150-million-plus souls, the obvious question is:

What’s next?

Tax On Billionaires

” … if she gets elected president, then I would bet that we will have a legal challenge, and I would bet that we will win the legal challenge. And does that still suck for us?” — Facebook founder Mark Zuckerberg commenting on the spectre of a Warren presidency to the company’s 35,000 employees.

The public relations spin by Bernie and Elizabeth has focused squarely on the likes of Zuckerberg, Bill Gates, Jamie Dimon and Leon Cooperman, including Warren mocking the latter for his tearful concern about the future of our country.

Consider the Bill and Melinda Gates Foundation has given $36 billion to fight third-world poverty. Does no good deed go unpunished?

The centerpiece of the billionaire vilification campaign is a 2 percent wealth tax on those with assets exceeding $50 million (how many folks in blue states California, New York, Connecticut, Massachusetts … are included in this tax?), and 6 percent for those with $1 billion or more. We are not just talking about giving “two cents” (on each dollar) more.

How would the federal government determine the amount of wealth to be taxed and confiscated? When would it be paid? How much stock will needed (needlessly?) be sold (maybe even at loss) and how much will be immediately bought back? What’s the algorithmic multi-billion dollar impact on the 52 percent of the country investing in stocks and stock-based mutual funds for their retirement or children’s education?

Is this tax, constitutional? Are we talking about double taxation? More to the point, do we want as a nation to empower … there’s that verb again … our massive government to punitively confiscate wealth and with it, achievement? How about a tax on lower upper class wealth? Ditto for a levy on upper middle class wealth? And how about … ? The possibilities are limitless.

Three European nations still impose wealth taxes: Norway, Spain and Switzerland. How’s Spain doing?

Eleven European nations have rescinded their wealth taxes: Austria, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, Netherlands and Sweden.

That’s right, wealth taxes didn’t work in Denmark and Sweden, why should it fly in Iowa, Michigan, Ohio, Pennsylvania and Wisconsin?

According to the stately The Economist, Warren’s all-government all-the-time programs include requiring Amazon, Facebook and Google to be regulated as platform utilities (before or after their breakups?), 40 percent of all board seats held by “public reps” (read, unions), bans on nuclear power and fracking, 75 percent lobbying taxes, 37 percent taxes on capital gains, and the imposition of taxes on unsold stocks (employing Enron-style mark-to-market accounting or MTM) … and the list goes on and on and on.

Warren supporters caution America’s Investor Class (52 percent of the entire nation) not to worry; her plan will eventually be watered down or not approved. If so … what’s the point?

Are Warrenites and Sandernistas supporting Republican control of at least one house to serve as a check and a balance to radicalism? Didn’t think so.

Some see Warren as a Socialist champion against Capitalism or buy low sell high.

Instead, Almost DailyBrett sees Bernie and Elizabeth as two peas in the same pod.

They are threatening our economic freedom. They will dip into our wallets, and deny us benefits and physician choices we already enjoy. The only winner? Big government.

Instead of wisely controlling the size and scope of government, some will be cool with a greatly empowered … there’s that verb again … carnivorous federal bureaucracy with even more power over our individual abilities to chart our own financial futures.

Be afraid … be very, very afraid.

https://www.nationalreview.com/2019/03/elizabeth-warren-wealth-tax-european-nations/

https://slate.com/business/2019/11/elizabeth-warrens-health-care-medicare-for-all-single-payer-unfair.html

https://www.economist.com/briefing/2019/10/24/elizabeth-warrens-many-plans-would-reshape-american-capitalism

https://www.economist.com/united-states/2019/11/07/how-would-elizabeth-warren-pay-for-her-health-policy

https://slate.com/technology/2019/10/mark-zuckerberg-said-elizabeth-warrens-presidency-would-suck-for-us.html

https://almostdailybrett.wordpress.com/2019/09/15/how-blue-cross-saved-my-bacon/

“I’ve actually never met anybody who likes their health insurance company.” — Senator Elizabeth Warren (D-Massachusetts)
“And while Bernie (Sanders) wrote the bill, I read the bill. And on page eight — on page eight of the bill, it says that we will no longer have private insurance as we know it. And that means that 149 million Americans will no longer be able to have their current insurance.” — Senator Amy Klobuchar (D-Minnesota)

If your author didn’t have bad luck 15 years ago, he wouldn’t have any luck at all.

In chronological order: there was the diagnosis of prostate cancer in 2004, my first wife died of stomach cancer nine months later, and to top it off … the brutal arrival of incurable (but today manageable) Valley Fever (e.g., fungus) came in 2006.

Fortunately, Almost DailyBrett was always covered by some flavor of Blue Cross … and that is true today.

At the expense of shedding any semblance of modesty your author earned his health insurance, waking before dawn for mind-numbing commutes and waiting hours for evening flights and confronting countless challenges in between.

The rapid fire series of bad medical luck with a new installment every year, each diagnosis had the potential to devastate your author financially … and yet there was thankfully health insurance, private-sector health insurance.

Any public discussion about eliminating my hard-earned Regence Blue Cross, particularly in the onset of my retirement years, is an absolute non-starter for yours truly. Your author will categorically state that he will not entertain even for a nanosecond, voting for any candidate who advocates taking away my Blue Cross.

Aren’t Democrats labeled by detractors as the “give-away” party, never as the “take-away” party?

Aren’t Democrats the “pro-choice” party, rather than the “no-choice” party?

Sorry Bernie and Elizabeth, Almost DailyBrett is one of the estimated 150-to-180 million Americans who would lose his or her private insurance with the onset of the “Medicare For All” elimination of private insurance scheme.

Think of it in terms of Monte Hall’s Let’s Make A Deal: On one stage is tried-and-true Blue Cross health insurance — the one that has served your author and his family since the 1980s — and on the other stage is … the door. What’s behind this scary door?

What we know for sure is that Blue Cross Blue Shield will be out of business. Private insurance will be nationalized. There will be zero “public option.” There will be only one option, the government, the same government that provides us with DMV, the US Postal Service (USPS) and Amtrak.

Sorry, you author does not want federally mandated Amtrak train wreck health care.

Insurance: A Necessary Evil

Even though insurance by its very nature is a negative product (you pay for it, but you really don’t want to use it), Almost DailyBrett actually likes his private sector insurance company, and wants to keep it. Sorry Elizabeth, this author does not concur with your sweeping ex cathedra pronouncement.

Bernie loves to point out that drug and insurance companies generated a cumulative evil profit of $100 billion (e.g., denominator). Question: What is the numerator? How many companies are we talking about?

Keep in mind that each of these publicly traded health companies has a federally mandated fiduciary responsibility to drive the top, and yes … bottom lines. Are we including bio-tech companies, researching cures for cancer, heart disease and other ailments? Are all of these companies actually making money?

The $100 billion number sounds just a little too perfect … to be real.

Bernie and Elizabeth want to give everyone federal health insurance, and only federal health insurance. No issue divides the Democratic Party more than the question of taking away private health insurance from the one-half of the nation, the 150 million-plus who earned and rely upon their private health insurance.

Ladies and gentlemen, we now have a new “Third Rail of Politics,” and Bernie and Elizabeth are shocking the nation with their draconian plan.

https://www.washingtonpost.com/politics/2019/09/13/transcript-third-democratic-debate/

https://almostdailybrett.wordpress.com/2011/10/25/prostate-cancer-a-piece-of-cake-compared-to-valley-fever/

 

Remember when people were content to be unambitious, sleep until 11, hang out with their friends? You had no occupation whatsoever, maybe working a couple of hours a week at a coffee shop … Portland is a city where young people go to retire.” – Lyrics to the Portlandia theme song, “The Dream of the 90s Is Alive in Portland”portlandia90s

You don’t set an alarm. Why would you? You don’t need to. You wake up … whenever.

You reach over to your mobile device …Ahh, yes … your $2,555 + $642 for each dependent child monthly UBI (Universal Basic Income) check has been direct deposited into your communal credit union account.

Your minimal effort wage amounts to an annual salary of $30,660 for a single, $61,320 for a couple and $76,728 for a family of four.

Life is good. Life is always good. There are no more challenges.

Should you go back to sleep or do whatever?

What time is it anyway?

Since you don’t wear a watch, you really don’t know or care … You sleep comfortably knowing that you are — through your inaction — contributing to the end of welfare as we know it. The reason: The “safety net” extends to us all.UBI

Many support free education as a matter of right. But let’s pose an obvious question right now: Why do you need an education when a paycheck is heading your way regardless of what you know or don’t know?

Literally tens of thousands of Americans back extending Medicare benefits to everyone as a matter of right. Certainly Medicare-for-all will be an extension of Universal Basic Income (UBI). Right?

And how many on the left and on the right have complained vocally about our welfare system with its unemployment insurance, food stamps and disability programs?

Why not include everyone and be done with it?

Switzerland already voted on Universal Basic Income last month. It was nip-and-tuck, but UBI came up on the short-end, 77-23 percent.UBIBern

Fret not; every worthwhile movement endures character-building setbacks at the onset only to prevail. Didn’t Chairman Mao’s Long March begin with the first step? Besides, won’t we all eventually vote our self-interest for free-money from the government as a basic right?

Is There A Catch?

With any nifty proposition, there are always those naysayers who may raise some annoying questions about UBI.

What about the $20 trillion national debt and counting? Wouldn’t UBI become the ultimate entitlement program sending the stratospheric red-ink ledger out of the galaxy?

Wait a minute: Isn’t money simply a creation of capitalistic greed? And doesn’t the basic right to income trump (no pun intended) alles?

For example, the nattering nabobs of negativism will want to know how UBI will be financed. Easy, the ill-begot profits of publicly traded companies and related Wall Street transaction taxes will be redistributed to a fund for UBI payouts.

Instead of putting resources into new innovation, building a business, paying out dividends and rewarding stellar employees, the entrepreneurs/achievers at publicly traded companies and unicorns will redirect via the government the remainder (e.g., profit) between revenues and expenses to pay UBI recipients.

What would happen to corporations, companies, start-ups and small businesses, their employees and the products, we use on any given day? What would be their incentive to invest, meet challenges and overachieve?

Regardless of what you do or not do, a UBI check is going to be deposited into your checking account. So why make a fuss?UBI

Would global competitors (e.g., Japan, Korea, Taiwan, India) follow suit and provide UBI payments to their citizens? Or (gasp) would they continue to compete and work up-to-six-days-per-week to swiftly replace us as the leading economic power on the planet?

Maybe Almost DailyBrett is being a little too skeptical, and hopefully not cynical.

UBI proponents point to the end of capitalism as if that is a desirable goal. With UBI, we would all be grateful for (dependent on) the largesse of the nanny state. The much-vilified Clintonian welfare system would end. Conceivably, the leisure industry would prosper because everyone would be on permanent vacation.

And yet your blog author is primarily bothered by one overriding concern: Is it right to receive money for something I did not earn?

Let’s all compete to the best of our ability and see what happens. Hopefully, there will be more than a few shekels for us all instead of a paycheck we didn’t earn.

http://www.nytimes.com/2016/03/03/technology/plan-to-fight-robot-invasion-at-work-give-everyone-a-paycheck.html?_r=0

https://en.wikipedia.org/wiki/Basic_income

https://www.youtube.com/watch?v=mBt4HlcDUDw

http://fivethirtyeight.com/features/universal-basic-income/

http://www.bbc.com/news/world-europe-36454060

http://www.bloomberg.com/view/articles/2016-06-06/universal-basic-income-is-ahead-of-its-time-to-say-the-least

https://www.google.com/#q=625+Swiss+francs+to+dollars

 

 

 

 

 

“Just a spoonful of sugar helps the medicine go down. In a most delightful way.” – Julie Andrews as Mary Poppins, 1964

Ready for “Single Payer” or “Medicare for All”?

How about a little “quantitative easing”?

Or how about shelling out for the “estate tax”?

Maybe the U.S. will engage in a little “strategic incursion.”

The doctor says, “This won’t hurt; you will feel a little discomfort.”

Run!sanders

From both sides of the socialism vs. capitalism divide and even into the doctor’s office, we seem to be embracing euphemisms to help the medicine go down in a most delightful way.

These are all examples of public relations pros dreaming up euphemisms, translated as a “mild or indirect word or expression substituted for one considered to be too harsh or blunt when referring to something unpleasant or embarrassing.”

Hmmm … Do you suspect that Senator Bernie Sanders (and others of his ideological ilk) would rather use the terms “Medicare for All” and “Single Payer” as substitutes for nationalization of private health insurance and the subsequent dumping of all HMO, PPO, PLO workers onto the unemployment rolls? (Okay, not the PLO).

Let’s see, UnitedHealth Group has 182,000 employees. Kaiser Permanente has 177,445 workers. Anthem has 51,500; Aetna, 48,800; Cigna, 37,200; Humana, 57,000 …

If “Single Payer” (a.k.a. the government) reigns supreme will private health insurance going bye-bye and all of these workers be heading to the dole? NPR reports that private health insurers would “probably not” be heading into the sunset.

“Probably not?” That’s not reassuring.

Maybe “single payer” is not as benign as the euphemism suggests?

Crank Up the Money Presses

The U.S. Federal Reserve raised interest rates last month by 250 basis points. Does that mean that “quantitative easing” has come to an end? And what the heck is quantitative easing?

How about revving up the money printing presses to stimulate the economy? Let’s not worry about bothersome inflation.QE

In fact, this euphemism for the easy-way-out is alive in well across the pond as Mario Draghi and the European Central Bank (ECB) are considering just that, a little “monetary stimulus” in March.

And if central banks decide to taper back QE or quantitative easing, then markets in turn may have a “taper tantrum.”

No one wants to hear that central banks are printing money to solve economic problems. That’s where “quantitative easing” comes into play. It’s just that easing.

“Death” vs. “Estate” Tax

One side raises the spectre of the insatiable government imposing taxes while the body is still warm.

The other replies that estates are subject to levies (e.g., the upcoming Paris Hilton tax) long after the deceased has been buried or cremated.

Welcome to yet another “Less Filling, Tastes Great” debate. If you are “pro-choice,” the implication is that others are “anti-choice.” If you are “pro-life,” then the obvious parallel is that others are “anti-life.” If you are “progressive,” then logic would dictate that those who dare to have another point of view are “regressive.”

Why can’t we all get along?

Strategic Incursion

Invasions are just so messy.

They conjure up images of Genghis Khan, Napoleon’s Grand Armee and Hitler’s Panzers.

Even worse are thoughts of rape, pillage and burn.

So why not have a little “strategic incursion” instead with some “boots on the ground?”

Recently, Iraq publicly complained about Turkish “incursions” into Kurdish areas within its borders. Are we talking about an invasion or are we referencing “strategic incursions?”

Almost DailyBrett will make the call: “Incursion” is a much nicer word than “Invasion.”

“A Little Bee Sting”

Catheters are just so wrong.catheter

They are inserted into very narrow openings.

They are supposed to just drop out or cause us to feel a little “discomfort.”

As opposed to blood-curdling pain?

At the risk of venturing into the territory of TMI: No one is ever going to insert another catheter at any time into any part of the corpus of the author of Almost DailyBrett.

“Discomfort” may indeed be the most terrifying euphemism in the English language, yep maybe ever worse than “Single Payer.”

Will a spoonful of sugar help the catheter come out in a most delightful way?

http://www.npr.org/sections/health-shots/2016/01/22/463976098/debate-sharpens-over-single-payer-health-care-but-what-is-it-exactly

http://www.ft.com/intl/cms/s/0/1bf80430-c03d-11e5-846f-79b0e3d20eaf.html#axzz3y5wjLuTx

http://www.cbsnews.com/news/framing-the-debate-estate-vs-death-tax/

http://www.strategic-culture.org/news/2015/09/11/baghdad-condemns-turkish-incursion-into-iraq.html

http://livingwithacatheter.com/catheter-pain/

http://movies.disney.com/mary-poppins

https://www.google.com/#q=euphemism

http://health.usnews.com/health-news/health-insurance/articles/2013/12/16/top-health-insurance-companies

http://www.forbes.com/pictures/eifj45fgii/the-biggest-health-insur/

 

 

%d bloggers like this: