A recent Gallup poll and a poll done shortly after 9/11 shed light on how healthcare’s hyperinflation and under-performance is fueling the Trump and Sanders phenomena. Financial anxiety and a general sense that things aren’t working sow the seed for movements. On the bright side, the horrible under-performance of how healthcare gets purchased and delivered has caused a few positive responses already
Co-ops created under Obamacare reported net assets despite losing millions because they used an accounting trick approved by the Centers for Medicare and Medicaid Services. Tax filings for 18 co-ops, including nine that collapsed in 2015, also revealed that co-op CEOs were paid handsomely before many had to shut down. In July 2015, the Centers for Medicare and Medicaid Services amended its agreement with co-ops, allowing them to list $2.4 billion in loans they received from taxpayers as assets.
For John Kuhn, a simple X-ray after a snowboarding accident turned into an accounting nightmare when the hospital billed him $20,000 for a surgery he never had. "So I had to go down in front of the billing department no less and pull up my shirt and show them that I did not have any major scarring on my stomach at all," Kuhn said. It turns out the hospital's hard drive had been stolen along with Kuhn's medical records.
As Republican policymakers nationwide continue debating ways to replace Obamacare with patient-centered solutions, a Colorado group has landed a plan implementing a single-payer model of health care on November’s ballot. Coloradans are already bracing for its impact. In the general election, Colorado residents will not only head to the polls to cast their votes for president, but they’ll also weigh in on a controversial ballot measure: Amendment 69, which would create a government-run health care plan in the Centennial State.
Former Treasury secretary Larry Summers wants to get rid of the $100 bill. But I think he has it exactly backward. I think we need to restore the $500 and $1000 bills. And the reason is that people like Larry Summers have done a horrible job.