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Biden’s Big Announcement This Week Could Change The Election
(www.huffpost.com)
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this post was submitted on 14 Aug 2024
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politics
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"One reason for the low public awareness may be that the negotiating power is quite limited. The new prices apply only to Medicare and not private insurance for non-elderly, non-disabled Americans. And the negotiations cover only a limited set of drugs, starting with the 10 medications this year."
This is the student loan forgiveness debacle all over again. Claiming credit for a "sweeping change" that few people will ever see. If they see it at all.
A public option would give the government the leverage to make this happen for a lot more people. Single payer would give the government the leverage to make this happen for everyone.
I wonder why we don't have either of those.
One old tosser from Connecticut.
I'll bet money though that private insurance companies will see that as a new starting price point.
Edit: also targeting the voting block that votes reliably. (Historically at least)
I think private insurance usually pays more than Medicare (because Medicare is massive, used by people frequently needing health services, and the government can use that leverage to set prices), but whatever negotiated price information they release will be a new anchor for private insurance costs. The private insurances probably aren't going to pay $700 when the government pays $55.
There's also a political incentive for the insurance companies to not look significantly worse than Medicare lest they boost support for Medicare-for-All or a public option.
Uh, there 66.7 million people enrolled in Medicare.
And GOP voters won't notice or credit it in any case.
Our babysitter was bemoaning her lack of healthcare when my wife turned her onto the ACA. "This is great and it ain't that Obamacare bullshit!" Yeah.
Democrats fail, hard, at messaging. Harris' team seems to be stepping up though!