Carmine Gorga Blog | A Comprehensive Analysis of the Cassidy-Graham Bill, Through Concordian Economics 101 | Talkmarkets
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Carmine Gorga is president of The Somist Institute and a former Fulbright Scholar.  He has published numerous papers in peer-reviewed journals and five books; other publications are at various stages of preparation. He has a ... more

A Comprehensive Analysis of the Cassidy-Graham Bill, Through Concordian Economics 101

Date: Friday, September 22, 2017 10:58 PM EDT

Much has been written about the steadily evolving Graham-Cassidy Health-Care Bill. One point remains to be explored.

It is quite well understood that millions of people stand to lose their health care insurance and that savings might be apportioned among wealthy taxpayers and corporations.

Let us not mince words. The concern is about money, not patients. If the concern were about people, the focus would not be on money spent or saved; the concern would simply be on people. 

Who stands to gain money from an eventual implementation of the Graham-Cassidy Health-Care Bill? This much seems to be clear: wealthy taxpayers and corporations.   

The point that remains to be analyzed is this: Who loses money? No one seems to ask this question. 

Who stands to lose money in the Graham-Cassidy Health-Care Bill? To ask the question is to immediately find the answer. 

It seems that in a superficial reading and understanding of the Bill, voters are left with the impression that the government spends money for the financial benefit of patients.

This is a large misconception.

Patients are a convenient humanitarian reason to spend money; but patients never see the money. 

Even in the case of smaller co-pay and insurance subsidies, patients do not receive money. They simply spend less of their money.

Those who receive money are doctors and nurses, the administrative staffs of hospitals and the administrative staffs of insurance companies. 

Who else receives money? When the accounts are closed, profits left over from yearly expenses go to the stockholders of hospitals, unless they are not-for-profit organizations, and to stockholders of insurance companies.

Unseen even in this discussion are all intermediaries engaged as suppliers and consultants to hospitals and insurance corporations who perform services unavailable in-house as well as lawyers and planners and even engineers, in case of new construction or renovation of hospitals—and nursing homes.

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Bill Myers 3 years ago Member's comment

Interesting, thanks.