Republican former Congressman Eric Cantor speaks out on healthcare reform. It's like a "do or die" moment for the Republicans. They've got to get it correct or they're whole agenda could sink. The stakes are high.
I say Republicans aren't likely to get it correct as they have a true aversion to taxing higher income folks; something I think is necessary to keep providing insurance for the lower income workers that Obamacare has added to the roles of Americans with coverage.
I sometimes listen to a conservative talk show host named Larry Kudlow. One of his guests was talking about a problem that the Republican healthcare bill has. It clobbers a lot of older Americans who are still not quite to age 65, where they become eligible for Medicare. It clobbers them with higher "age based" premiums (actuary tables) along with cuts to subsidies. People in the $10,000 to $30,000 income range truly get clobbered. A lot of those folks were Trump supporters.
I'm in that demographic also, even though I'm not a Trump supporter.
Republicans, in Congress, are struggling to fix this problem; at least according to that guest on Larry Kudlow. I doubt they'll be able to do it.
One part of Eric Cantor's comments, from article, that stood out in my mind.
They will sink or swim together. There's no option to fail here.”
With Republicans in control of both houses of Congress and the executive branch, “there’s no excuses in the eyes of the American voter” for the health care bill to fail, Cantor said. “It has to get done,” he said.
Cantor said that if the GOP cannot get health care reform passed, that could be a death knell for other items at the top of Trump’s agenda.
“This is a gateway issue … It’s that important because it opens up the route toward getting the next big thing done, which is tax reform,” Cantor told ABC News.
I say that their bill may even die in Congress before it gets to Trump's desk. Trump has promised that he doesn't want to throw these low income workers off of insurance, but I think if a bill doing this was to get to his desk, he would sign it anyway. Republicans are under pressure to get this done. They are in over their heads, as I've heard it described about President Trump himself. He's in over his head.
Personally, I'm in the demographic, age and income wise, that could get clobbered, tho I do have an employer provided health plan. It's a fairly skimpy plan with high deductibles. That's another story. Glad my health is good as I rode my bike out the Interurban Trail, Saturday afternoon, with Larry Kudlow on the radio.