The Shame of the House Health-Care Vote
(Bloomberg View) -- The dereliction of duty is breathtaking. In pushing the American Health Care Act through the House of Representatives, Speaker Paul Ryan and his Republican conference have voted to remake almost one-fifth of the U.S. economy. They did so without public hearings, without input from outside experts, without analysis by the Congressional Budget Office and without, finally, much compunction or consideration of the tens of millions of Americans it will harm.
“I don't think we should pass bills that we haven't read and don't know what they cost,” Ryan said in the summer of 2009, referring (unfairly) to Obamacare. This kind of hypocrisy might be overlooked if the new bill had any merit. It doesn't.
If anything, it's more damaging than the original bill Republicans tabled in March. The CBO said that legislation would have taken away health insurance from some 24 million Americans. The new bill could push the number higher.Â
It would allow states to get waivers from some of the protections that the Affordable Care Act provides -- most important, the rule that says insurers cannot charge higher premiums to people with pre-existing health problems. In such states, people who let their insurance lapse for a couple of months could be charged unaffordable premiums.
An amendment added on the eve of the vote is meant to soften this blow by giving states a little more money to set up “high-risk pools” for the victims. But high-risk pools -- which separate sick people from the general population and charge them higher premiums -- can't work without adequate funding. And this legislation offers hundreds of billions of dollars less than what would be needed.
Details aside, the bill would undermine health-insurance markets by increasing uncertainty for insurers who are trying to determine what plans to sell -- if any at all -- in the months ahead.
Why did Ryan, who rose to prominence on the wings of wonkery, force this bill through the House with only passing review? Not because it would improve anyone's welfare. One of the main attractions of the bill for Republicans is that it would cut taxes for the well-to-do. Another is that it would help Republicans escape a political dilemma of their own design: Having dissembled about Obamacare for years, the party was forced to propose its alternative. Because Republicans didn't actually have one, they had to fake it.
Ryan has achieved his goal -- passing this tainted buck to the Senate. The Senate should treat the legislation with the respect it deserves.
--Editors: Frank Wilkinson, Mary Duenwald, Michael Newman
To contact the senior editor responsible for Bloomberg View's editorials: David Shipley at davidshipley@bloomberg.net.
For more columns from Bloomberg View, visit http://www.bloomberg.com/view.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.