I am struck that my analysis of three months ago applies with greater force than ever to the likely Senate offering:
- Big winners:
- The insurance industry will clean up at taxpayer expense.
- Big corporations maintain their big hiring advantage over small businesses.
- Moderate winners:
- My corporate-employee friends will have an easier time changing jobs.
- The truly poor will get a bit of help with the insurance they’ll be required to purchase.
- Half loaves:
- People who want to quit their corporate jobs & start their own businesses not only lose their corporate insurance, but have to pay the unregulated independent insurance rates.
- My writer and artist friends will be required to spend scarce money on insurance at unregulated rates. Same thing for the baristas. There may actually be a health advantage to a lower income.
- Big loser:
- Social justice. Taxing the lower middle class and the independent businessperson to the advantage of the insurance industry and big business is unjust.
Personally, I suspect we'd be better off waiting until the conservatives suffer more losses. This is so toxic that I don't even want to reluctantly support it. On the other hand, since the conservatives are going to suffer losses anyway, it may be that it will be easier to improve the plan down the road.