Socialism for the rich, free enterprise for the poor — the late Gore Vidal used this phrase during the Reagan era to describe the redistribution of wealth. Well, here we go, according to Jonathan Chait:
The Congressional Budget Office’s analysis of the American Health Care Act describes, in dry budgetary language, a social catastrophe. The bill would deprive 14 million American citizens of their health insurance next year, a number that would rise to 24 million by the end of the decade. It is a proposal that could only be enacted by a party in the grips of an combination of ideological and partisan fanaticism unfathomable to most of the world, and even to most Americans.
The changes Trumpcare would impose upon the health-care system are easy to understand. It is, quite simply, a redistribution bill. It would reduce taxes on the rich, and thus reduce the amount of subsidies for coverage for people who can’t obtain it through their job or Medicare. By 2026, CBO finds, the average subsidy would be about half as large. But the cut would not be distributed evenly. Middle- to upper-middle class customers buying insurance, especially young and healthy ones, would get larger subsidies. Poor, sick, and old customers would get enormous cuts in their subsidy levels. CBO has a graph showing the bill’s effect on Americans who make less than 200 percent of the federal poverty level.
But it doesn’t matter. Not a single Donald Trump fan will protest this bill — it will take town halls around the country by storm if it doesn’t passs and, I promise, it will take sick old people in town halls around the country to protest.