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Liar-In-Chief Part II
Guts Obamacare, Circumvents Congress, Adds Debt
By Ray Cunneff
October 12, 2017
Trump unleashed a flurry of lies this morning on the subjects of healthcare and the debt. By executive order just a few minutes ago, he circumvented Congress and any process of reconciliation, let alone John McCain's desire to return to "regular order", and simply relaxed insurance regulations, allowing "junk insurance" policies that are worth little or nothing to be sold.
Typically, Trump the snake oil salesman proclaims this will provide cheaper, better health coverage for millions. Whether he knows he is lying or simply deluded is beside the point. The truth is, by allowing healthier people to opt out of Obamacare, defying the basic insurance principle of "spreading the risk", he will raise costs and reduce coverage for those who need it most.
The order will, in effect, nullify many of Obama's ten "essential benefits":
- Ambulatory patient services. [outpatient care]
- Emergency services.
- Hospitalization. [inpatient care]
- Maternity and newborn care
- Mental health and substance use disorder services, including behavioral health treatment.
- Prescription drugs.
- Rehabilitative and habilitative services and devices.
- Laboratory services
- Preventive and wellness services and chronic disease management;
- Pediatric services, including oral and vision care.
Karen Pollitz, a senior fellow at the Kaiser Family Foundation, said "Within a year, this would kill the market".
Trump has also promulgated a whopper of a lie by claiming that the surging stock market will somehow reduce the debt and allow for massive tax cuts, that primarily benefit the rich, to be revenue-neutral or even to pay for themselves.
This is absolute NONSENSE, fantasy economics, and anyone with the slightest knowledge of the subject will tell you this "plan" will pile on enormous additional debt and possibly crash the economy.