He's not "public option". He's Medicare For All.
Otherwise known as: Private Health Insurance For Nobody.
He's not "public option". He's Medicare For All.
Otherwise known as: Private Health Insurance For Nobody.
That's the single largest tax loss expenditure on the list of tax loss expenditures.
Adding health insurance benefits for employees was a WWII era work-around to FDR's anti-capitalist wage controls, instituted to curb inflation.
When too many were unavailable to do the work because they were off fighting the war, the price of work sky-rocketed. Adding untaxed health insurance benefits helped employers attract and keep workers during wartime.
The untaxed health insurance benefit was & remains tax-free compensation, estimated as today's single largest tax loss expenditure at $500 billion/year.
But Biden's national policy director for his 2020 campaign goes off on a $20m CEO because high compensation earners are the easy target she only pretends are the problem instead of the one you see in the mirror every morning not paying taxes on everything you make.
She needs your votes for the public option, and isn't going to get them by telling you the truth.
The public option, to be sure, would have been superior to the Obamacare Rube Goldberg machine, and is clearly preferable to Medicare For All because the latter would end employer-provided health insurance.
But as with FDR it's still not capitalism, and if you push here something is going to pop out over there and become a problem. The iron laws of supply and demand will always assert themselves, but with capitalism the consequences are immediate, severe, and self-correcting by the market.
If you tax health insurance benefits, you will simply get less health insurance of the kind we have, accompanied by more cries for options from the marketplace for the health insurance we don't have, which if free to provide them . . . will.
Meanwhile a comprehensive federal income tax reform taxing all income at high rates above $102,230 for a single filer and $136,306 for married filing jointly as of June 2026, and at 0% below, is the place to start to reimagine fairness in the United States.
84% of individual earners made less than $100,000 in 2023. The vast majority of them would not notice that an average of $9,500 of employer provided health insurance was being counted as income under the new threshold of $102,230 because they would owe zero taxes anyway.
We need more reality in economics and less fiddling with it, and certainly none of what Abdul is selling, which will require taxing everybody, not just the rich, much more. He is selling "free at the point of care", but nothing is free. Nothing.
It was Speaker Nancy Pelosi who abandoned the House progressives in 2009, bowing to the Senate plan.
DeGette was progressive before progressive was cool, but now you have to pass the anti-semitic litmus test, as her opponent has, to be a real progressive.
DeGette loses reelection bid to DSA challenger in major upset for Denver-based House seat
Rep. Diana DeGette (D-Colo.) lost her reelection bid to former attorney and current Ph.D. student Melat Kiros, marking the third time a democratic socialist has scored an upset in a competitive House primary this cycle, according to Decision Desk HQ.
Kiros, who studies at the University of Denver, defeated DeGette, who’s served in Congress since 1997 — delivering a major blow to the Democratic establishment despite the fact that DeGette herself was a member of the Congressional Progressive Caucus. University of Colorado Regent Wanda James also ran in the Democratic primary.
... Kiros was fired from her law firm after she wrote a letter directed at U.S. law firms on her Substack in November 2023 in which she disputed the notion that it was antisemitic to call for the state of Israel to be eliminated or criticize Israel’s government.
The former lawyer has also received criticism for declining to say whether or not a 2025 firebombing in Boulder, where protesters calling for the release of Israeli hostages by Hamas were injured, was an act of antisemitism, saying in a recent interview with 9News, “I don’t know what was in the heart of the perpetrator.” ...
David Dayen should have entitled this The Planned Failure of Obamacare Is Now Upon Us.
The Health Insurance Cost Crisis Is Now Upon Us
... We should be clear that this premium apocalypse is a function of returning Obamacare subsidies to where they were in the original version of the law. That was poorly designed to target the middle class with bearing the bloat in the health care system, and no work was done on basic health plans or other public options at the state level. (A federal public option was stripped from the legislation by the threat of that exemplary moderate, Connecticut Sen. Joe Lieberman, to withhold his support unless it was dropped.) Now, Democrats are effectively warning that a return to their original vision of Obamacare spells doom. (And what we’re really talking about is how much the government should send to private insurance companies, a horribly inefficient way of ensuring health for American citizens.) ... The ACA was seen as a “starter home” that could be built on, and Democrats built on it. It’s Republican neglect that is taking the wrecking ball to it, with all the political fallout on their backs. ...
Yes, Obamacare was the enemy of the middle class, making it "bear the bloat". Communists have always hated the middle class because the middle class stands in the way of the revolution. Obamacare was designed this way on purpose, by Democrats and Obama who were the communists we always said they were. Senator Max Baucus rightly called it what it was, income redistribution.
Premiums have steadily risen along with deductibles, to the point that everyone pays their premium, then pays out of pocket, no one ever reaches their deductible, and the plan never pays anything. Most people never reap any benefit under Obamacare. Now premiums will explode without the subsidies, making dropping it more attractive than ever.
And No, Republicans had no duty to "build" on Obamacare. It was rammed down their throats in the first place. No Republicans ever voted for this goddamn commie boondoggle.
The best thing which could happen right now is for the millions imprisoned in this system to opt out of it and let Obamacare implode. That would force the Congress back into the corner it was in in 2009.
Not one more penny should be spent to prop up this system which benefits only the insurance companies. Can you say Luigi Mangione?
Obamacare should be repealed, and nothing done to replace it. It would be painful, but it is the only way.
In the aftermath, someone will start to sell real insurance again out of the ashes, and the current greedy bastards of the insurance industry will scramble to follow them as they lose business and market share. That, the capitalist option, is the only public option which makes any sense, but currently that is against the law.
Just repeal it.
The story is here:
My insurance was $185/month with a $1,000 deductible. That was for a family of 5. So I voted for Obama-Biden in 2008 based on Obamacare. ... the cheapest insurance I could find to replace that one was $1,200 a month with a $6,000 deductible.
The guy had a great plan before Obama!
But Obamacare as he now thinks he knows it didn't even exist in 2008 for him to base his vote on it.
Obama was for something else, the public option, a government-funded health insurance plan designed to compete with private health insurance. That was also Nancy Pelosi's preference, and the preference of the US House Democrat left at the time.
The great fear was the public option would crowd out private insurance and defeat it because it would be more attractive to women and the chronically ill.
The House public option plan put forward in 2009 competed with the Senate plan, and the two proposals were at an impasse by the end of 2009. Eventually the Senate version prevailed in March of 2010.
The Senate plan was actually worse, what we now call Obamacare.
It dictated the much more expensive nature and new shape of all existing private insurance plans instead of providing a separate public option to compete with those already existing private insurance plans. It cost more to provide because it eliminated pre-existing condition exclusions, and treated men and women equally even though women's care is more costly.
It was fascism pure and simple, government dictating to the private sector what will be, and what will not be.
That's how you lost your old plan, your old doctor, and your money: Because Obama bowed to the Senate plan, instead of fighting for what he said he believed in.
If you were too poor, though, to qualify for Obamacare, you just got stuck with Medicaid, health insurance for the poor, and, failing that, with nothing at all.
The once heralded public option for everyone defaulted to Medicaid. Nearly 86 million are now stuck with that, and most are unaware of its clawback provisions.
Today only 21 million can afford Obamacare, and about 25 million non-elderly adults have bupkis, like the poor fella in the story had for ten years.
Meanwhile, 158 million have employer-provided health insurance, the cost of which climbs relentlessly. The average worker had to pay $549 a month in premiums for it in 2023.
Medicare provides coverage to about 66 million aged 65+, and costs nearly $175 a month in 2024.
The more things change, the more they stay the same.