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      Week-end Wrap – Political Economy – August 25, 2019 by Tony Wikrent Economics Action Group, North Carolina Democratic Party Progressive Caucus Strategic Political Economy Give No Heed to the Walking Dead [The Scholar’s Stage, via Naked Capitalism 8-18-19] The People’s Republic of China is wealthier than any rival America has faced. Its leaders are convinced […]
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Sitting at Obama’s table: The Secret Health Care Talks

New York Times

New York Times

Does anyone else want to burst into tears when they read about millionaires trying to make health care affordable?

Health Care Industry in Talks to Shape Policy

Since last fall, many of the leading figures in the nation’s long-running health care debate have been meeting secretly in a Senate hearing room. Now, with the blessing of the Senate’s leading proponent of universal health insurance, Edward M. Kennedy, they appear to be inching toward a consensus that could reshape the debate.

(snip)

While not all industry groups are in complete agreement, there is enough of a consensus, according to people who have attended the meetings, that they have begun to tackle the next steps: how to enforce the requirement for everyone to have health insurance; how to make insurance affordable to the uninsured; and whether to require employers to help buy coverage for their employees.

(snip)

Kennedy aides summarized discussions of the stakeholders, known as the “workhorse group,” in a recent memorandum obtained by The New York Times.

“While there was some diversity of views,” it said, “the sense of the room is that an individual obligation to purchase insurance should be part of reform if that obligation is coupled with effective mechanisms to make coverage meaningful and affordable.”

The ideas discussed include a proposal to penalize people who fail to comply with the “individual obligation” to have insurance.

(snip)

Their motives vary. Some say the moment to overhaul the health care system has arrived because of a confluence of events, including Mr. Obama’s election, the growing number of uninsured and the relentless increase in health costs. Some want to protect the interests of their members and could ultimately oppose the legislation, depending on its details.

(sigh)

Not once in the article is there a definition of “affordable” — which makes me doubly (if possible) skeptical of the eventual plan. But, then lets look at who’s doing the talking: Continue reading

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