Healthcare Reform

Tell me if you can guess which 4 companies stock price charts are shown below:
Facebook? Amazon? Tesla? …or maybe Google? All of those guesses would be incorrect. These stock charts represent the 4 largest US providers of health insurance from 2009 to July 2017- UnitedHealth, Aetna, Anthem and Cigna.   A $20,000 investment in UnitedHealth in 2009 would be worth $185,000 today.   A whopping 35% annual return, and that’s not even factoring in dividend reinvestment.
Bipartisan Problem: If you’re a bit baffled I share in your disbelief. The Affordable Care Act was going to bring down premiums;  which  would make one believe revenues and profits should decline – not increase!  These are the very same companies pulling out of exchanges saying that they’re losing money. If you’re thinking, “yeah, but that was the ACA!” hold on for a second. The recently release GOP plans offer $50 Billion in subsidies to these very same insurance companies! So, why would health insurance providers do so well under the ACA and have $50B built into the GOP plan??
Why this happens:  Looking at the donations of the UnitedHealth PAC for the last few years will explain why both sides seem to be looking out for the insurance companies.

I’m fairly confident they are not donating all that money to politicians to help YOU save money.

Eric’s position:   Eric has regularly accepted big donations from Healthcare PACs, and has offered little insight to solutions for fixing the broken system. 

My position:   Congress is abjectly unqualified to craft Healthcare legislation.  When your car needs to be fixed you take it to a mechanic. When your house needs a new roof you look to roofing companies or carpenters. When something is broken the best approach is to have experts solve the problem. ONLY 15 members of Congress (House and Senate) have any medical background. That’s less than 3% of the 535 members. So, we’re expecting a group largely of lawyers and career politicians to craft policy around what is best for your health and 330 million other Americans ?? Sounds like a plan destined to fail regardless of which party crafts the plan.

First, my pledge is to never accept money from PACs, Lobbyists or Special Interests. Second, to get to a solution that has any chance to work Congress’ role in this process must be minimized. My plan calls for the following:

  • Congress Funds a Task Force of Industry Experts: This task force is comprised of leading members of all touch points of healthcare from cradle to grave. This includes doctors, nurses, surgeons, insurance providers, wellness providers, pharmacies, drug manufacturers, medical device manufacturers, distribution companies, hospitals, etc.
  • Five Solutions: The task force has three years to craft 5 recommended approaches and present them to the American public. Naturally, each solution will have trade offs, “pro’s and con’s” that need to be communicated in a straightforward process so the public can compare the 5 plans intelligently.
  • National Referendum: Allow the American public to voice their choice of the 5 plans via the voting process.
This process puts the crafting in the hands of experts and puts the choice in the hands of the American public.