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by notacoward
3337 days ago
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> most of us will lose from this bill, because we'll live in a country that is less fair Most of us will lose, even financially. Uncertainty is a huge drag on business. Insurance is all about reducing uncertainty, and universal insurance is even more potent in that regard. Millions of Americans will now be less likely to change jobs or take other risks that might leave them exposed to a greater risk of catastrophic medical expenses. Lenders and businesses will have to adjust for an increased number of people defaulting on loans because medical expenses forced them into bankruptcy. In these and a dozen other ways, this regression on insurance is going to hobble the economy and end up hurting us all. BTW, I'm not at all trying to imply that it's only bad because it's bad economics. Far from it; I think the moral objections are even stronger. I'm just trying to explain how this change is wrong even according to the one criterion its proponents still (arguably) care about. |
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