- the Affordable Care Act subsidizes American health insurance with tax payer funds by covering much of the cost of insurance
- Health insurance companies are required by law to spend 85% of that revenue on healthcare
- Health insurance companies, logically, acquire providers. Thus, the 85% of their spending on healthcare is just funneled into the other companies that they own
The system is currently the worst of both worlds. We have tax payer funds going straight to for-profit entities which have become vertically integrated throughout every aspect of the American healthcare system.
I am all for eliminating mortgage interest rate deductions. It primarily benefits upper-middle class homeowners. They borrow money from a bank and somehow get a tax break for it? Yet, even a wealthy person that pays cash for their home doesn't enjoy that benefit?
I think the idea is to encourage people to invest in non-liquid assets, in order for them to save rather than to spend. Also if you own a house it makes you a shareholder in the town, which means what's good for the town is also good for you. This makes people of the town work together towards a common goal which is presumably a good thing.
- the Affordable Care Act subsidizes American health insurance with tax payer funds by covering much of the cost of insurance
- Health insurance companies are required by law to spend 85% of that revenue on healthcare
- Health insurance companies, logically, acquire providers. Thus, the 85% of their spending on healthcare is just funneled into the other companies that they own
The system is currently the worst of both worlds. We have tax payer funds going straight to for-profit entities which have become vertically integrated throughout every aspect of the American healthcare system.
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