No that is a huge failure. That is perhaps the biggest failure of Obamacare.
That means I, as someone with healthy lifestyle habits, has to pay largely the same premium as someone who smokes, is obese, and doesn't exercise. And sure enough, life expectancy in the US immediately stalled after the law's implementation: https://www.macrotrends.net/global-metrics/countries/usa/uni.... Exactly what economics would predict would happen.
Way too many examples to list all of them, but here is the easiest: Mamdani used the phrase "seizing the means of production" during a live streamed conference of the Young Democratic Socialists of America in February 2021.
This group is well known for bias, over and over through the years. Nothing they report should be taken at face value.
"A considerable amount of financial support for the Center comes from labor unions: According to federal reports, over the last 15 years it has received nearly $1.2 million in labor funding."
"The IRLE’s highest-profile researcher is Michael Reich, who co-chairs its Center on Wage and Employment Dynamics. Reich made a name for himself at a young age co-founding the Union for Radical Political Economics, with the stated goal of supporting “public ownership of production and a government-planned economy.”"
This group is well known for bias, over and over through the years. Nothing they report should be taken at face value.
"A considerable amount of financial support for the Center comes from labor unions: According to federal reports, over the last 15 years it has received nearly $1.2 million in labor funding."
"The IRLE’s highest-profile researcher is Michael Reich, who co-chairs its Center on Wage and Employment Dynamics. Reich made a name for himself at a young age co-founding the Union for Radical Political Economics, with the stated goal of supporting “public ownership of production and a government-planned economy.”"
"Paul Pelosi, 83, sold 30,000 shares of Google (GOOGL) stock in December 2022, just one month before the tech giant was sued over alleged antitrust violations."
> Since the laws preventing members of Congress from trading on information they receive as part of their duties, you can't say that the Pelosi's have violated any securities laws.
If ACA is such a success story, then why is the US lifespan falling faster than any other developed country over the past few years?
There was of course a drop for COVID-19, but progress in life expectancy basically stalled after ACA was implemented, whereas life expectancy has kept growing in every other developed country.
And to be clear: "While opioids and gun violence have rightly seized the public’s attention, stealing hundreds of thousands of lives, chronic diseases are the greatest threat, killing far more people between 35 and 64 every year, The Post’s analysis of mortality data found."
How about we dictate a price on whatever industry you happen to be in? Maybe your product cost billions of dollars to develop, but how about we force you to sell it to everyone for peanuts?
There is no logical reason that pharma should be on the receiving end of all this hate. Especially considering that their job is literally to save lives.
Not true: insulin is not a drug whose price is being negotiated here (https://www.jmcp.org/doi/full/10.18553/jmcp.2023.29.3.229). The drugs whose prices are being negotiated are the brand new ones, the ones that took billions of dollars to develop. Without the promise of a payoff, future R&D will be halted, and humanity won't get benefit from the new medicines.
That means I, as someone with healthy lifestyle habits, has to pay largely the same premium as someone who smokes, is obese, and doesn't exercise. And sure enough, life expectancy in the US immediately stalled after the law's implementation: https://www.macrotrends.net/global-metrics/countries/usa/uni.... Exactly what economics would predict would happen.