Trumpcare is dead. Now what?
The finger-pointing has begun, and naturally Trump is excelling at it.
Trump gamely tried to put the blame on Democrats. “We’re not going to own it,” he said “I’m not going to own it. I can tell you the Republicans are not going to own it.”
The public would disagree. Americans say they would blame Trump and Republicans for a problems in the health care system over Democrats by 59 percent to 30 percent, according to a Kaiser Family Foundation poll taken June 14-19.
It's not surprising that Trump got this one wrong. After all, he is totally disinterested in the actual work of being president, and seems only interested in the appearance of being president.
One might think that Trump, having suffered through the embarrassment of an ill-fated health-care bill in the House, would have placed his shoulder more forcefully behind the Senate's effort. But where was the president over the weekend? He was playing golf at the Bedminster, New Jersey course he owns and treats like a home. He also took the time to tweet a bunch of advertisements for a professional tournament his business hosts there:
The failure of Trumpcare was a blessing, but our health care system is sick and Obamacare did nothing but buy a few years.
Neither Trumpcare nor Obamacare was the solution, and we still need a solution.
Many Americans think their system is expensive because it’s very good. They are wrong: The US ranks 28th, below almost all other rich countries, when it comes to the quality of its healthcare assessed by UN parameters (pdf, p. 13).
This isn't new information. We spend the most to get the least.
However, there is another side that doesn't get talked about as much as it should: our health care system is a job-killer.
While retirement plans got less generous, spending on current workers' health insurance soared, Willis Towers Watson said. To keep up with the rising cost of health care in the U.S., employers doubled their spending on health care as a percentage of employees' pay, from 5.7 percent in 2001 to 11.5 percent in 2015.
...By 2015, health care for current employees was 63 percent of all benefit spending.
Workers aren't necessarily getting much for this extra health spending. In fact, other studies have shown that workers' contribution to their own health care, in the form of deductibles and co-pays, is also up.
Unfortunately, the rising cost of health care is hitting Americans twice. While they're working, health costs are bleeding away their ability—and their employers' ability—to pitch in for retirement. After retirement, unless current trends change, they face the daunting prospect of higher and higher medical bills.