Paul Krugman Has the Perfect Analogy for Republicans' Obamacare Replacement

In their ceaseless quest to strip Americans of any form of state-sponsored health care, Republicans from Sen. Rand Paul (R-KY) to Rep. Justin Amash (R-MI) have panned the House GOP's Affordable Care Act replacement as "Obamacare 2.0." For Paul Krugman, it's closer to "Obamacare 0.5."

In a characteristically sizzling piece Friday, the New York Times columnist unloaded on the "surreal" awfulness of the American Healthcare Act, a bill "so bad it's awesome." 

Krugman argues that Trumpcare, as the president is desperate for the public not to call it, weakens the "three pillars" of the ACA beyond repair: Insurers still won't be able to exclude the sick, but they can jack up their premiums on older Americans; tax credits won't be able to offset the ACA's subsidies; and the paltry tax levied on those who don't sign up would only worsen the risk pool, causing premiums to further balloon.

"Trumpcare, if implemented, would collapse in a Mar-a-Lago minute," he cautions.

Here's the money paragraph, no pun intended:

Affluent young people might end up saving some money as a result of these changes. But the effect on those who are older and less affluent would be devastating. AARP has done the math: a 55-year-old making $25,000 a year would end up paying $3,600 a year more for coverage; that rises to $8,400 for a 64-year-old making $15,000 a year. And that’s before the death spiral.

Whither Donald Trump's promises of "insurance for everybody" and "great health care"? 

"The answer, of course, is that they were all lying, all along—and they still are," Krugman says. "On this, at least, Republican unity remains impressively intact."

Read Krugman's column at The New York Times.

#story_page_ below_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.