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Michigan Democratic senatorial candidate Abdulrahman El-Sayed admits Medicare for All would force Americans to pay higher taxes — but policy experts say that's just the beginning of the damage. Cato Institute health policy director Michael Cannon and Heritage Foundation's Ed Haislmaier argue the proposal would balloon costs, gut access...

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64,853 görüntüleme • 1 ay önce •via X (Twitter)

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There isn’t a single incentive in our current system that drives costs down. Nobody knows what anything actually costs — not the doctors, not the nurses, not the patients. Only the bean counters. We need to restore free-market competition and real consumer choice. That starts with funding HSAs and letting people choose the care that works for them.
1:29

There isn’t a single incentive in our current system that drives costs down. Nobody knows what anything actually costs — not the doctors, not the nurses, not the patients. Only the bean counters. We need to restore free-market competition and real consumer choice. That starts with funding HSAs and letting people choose the care that works for them.

Senator Ron Johnson

60,075 görüntüleme • 9 ay önce

Medicare for All would have the government take over one-sixth of the American economy, rip away Americans’ health care, and replace it with a DMV-like experience every time they go to the doctor—rationed care, fewer doctors, and paying more for less. The Abdul El-Sayed wing of the Democratic Party is hostile to private enterprise as such: they want to take everything and run it as a government operation so they can consolidate money, power, and control. And the hypocrisy is glaring. The Medicare for All guy’s own wife isn’t even accepting Medicare in her medical practice.
3:08

Medicare for All would have the government take over one-sixth of the American economy, rip away Americans’ health care, and replace it with a DMV-like experience every time they go to the doctor—rationed care, fewer doctors, and paying more for less. The Abdul El-Sayed wing of the Democratic Party is hostile to private enterprise as such: they want to take everything and run it as a government operation so they can consolidate money, power, and control. And the hypocrisy is glaring. The Medicare for All guy’s own wife isn’t even accepting Medicare in her medical practice.

Jesse Arm

11,301 görüntüleme • 1 ay önce

#WATCH | Mumbai | On the doctors strike, Maharashtra CM Devendra Fadnavis says, "I believe that protests should not be conducted in a manner that disrupts patient care. Any protest that hampers the treatment and relief of patients is inappropriate...For the state government, all doctors, regardless of the medical system they practice are equal, and we make no distinction among them. Doctors serving in our medical colleges and hospitals are especially important to us. I would like to assure them that the government has no intention of treating them unfairly"
1:28

#WATCH | Mumbai | On the doctors strike, Maharashtra CM Devendra Fadnavis says, "I believe that protests should not be conducted in a manner that disrupts patient care. Any protest that hampers the treatment and relief of patients is inappropriate...For the state government, all doctors, regardless of the medical system they practice are equal, and we make no distinction among them. Doctors serving in our medical colleges and hospitals are especially important to us. I would like to assure them that the government has no intention of treating them unfairly"

ANI

403,494 görüntüleme • 1 ay önce

WELKER: Some Americans worry you can only make Medicare free and universal if you increase taxes. Would you need to do that? EL-SAYED: Imagine if instead of paying that to your health insurance company, whose CEO makes $20m a year, instead you paid a little bit more in taxes for healthcare that you wouldn't lose. I think all of us would a lot more interested in that kind of system if we knew our healthcare would be free at the point of care.
1:25

WELKER: Some Americans worry you can only make Medicare free and universal if you increase taxes. Would you need to do that? EL-SAYED: Imagine if instead of paying that to your health insurance company, whose CEO makes $20m a year, instead you paid a little bit more in taxes for healthcare that you wouldn't lose. I think all of us would a lot more interested in that kind of system if we knew our healthcare would be free at the point of care.

Aaron Rupar

1,374,373 görüntüleme • 1 ay önce

Investigation finds a contributor to rising California home prices Proposition 13 was passed which caps property tax increases at 2% per year based on the most recent purchase price But if anyone was to sell and move, they would take in a much higher tax bill “This encourages owners to stay put and not move and take on a higher tax bill. On top of that, tax laws can make it even less attractive to sell. If owners in California sell their homes, they generally pay taxes on gains more than $250,000 or $500,000 for couples. But if they hold onto their homes and pass it on to their heirs, that tax bill virtually disappears. Their heirs would only need to pay taxes on gains over the value of the home's market price on the date of the previous owner's death. When homeowners are reluctant to sell, that means fewer homes are on the market, which pushes prices higher and then serves as an incentive for other owners not to sell. One realtor calls this a negative feedback loop.”
1:21

Investigation finds a contributor to rising California home prices Proposition 13 was passed which caps property tax increases at 2% per year based on the most recent purchase price But if anyone was to sell and move, they would take in a much higher tax bill “This encourages owners to stay put and not move and take on a higher tax bill. On top of that, tax laws can make it even less attractive to sell. If owners in California sell their homes, they generally pay taxes on gains more than $250,000 or $500,000 for couples. But if they hold onto their homes and pass it on to their heirs, that tax bill virtually disappears. Their heirs would only need to pay taxes on gains over the value of the home's market price on the date of the previous owner's death. When homeowners are reluctant to sell, that means fewer homes are on the market, which pushes prices higher and then serves as an incentive for other owners not to sell. One realtor calls this a negative feedback loop.”

Wall Street Apes

46,909 görüntüleme • 6 ay önce

Today the Supreme Court heard oral arguments on a case that could completely change how the government collects on delinquent property taxes. In most cases, the government will take your home if you are late on property taxes, sell it at a cash auction, and only pay you the difference in the auction price and what you owed. But the fifth amendment says the government cannot take your property without “just compensation.” The plaintiff argued “just compensation” means the full market value, not the decreased cash auction price. Unfortunately, it seemed like the court only cared about the burden on the government and not about our constitutional rights. They often said it would be too difficult and unreasonable for the government to sell homes on the open market to get a fair market price. But the real question is, why are they taking people’s homes in the first place? Any other debt collector would sue in court, go after wages, or take personal property. Why does the government treat delinquent property taxes any different?
3:22

Today the Supreme Court heard oral arguments on a case that could completely change how the government collects on delinquent property taxes. In most cases, the government will take your home if you are late on property taxes, sell it at a cash auction, and only pay you the difference in the auction price and what you owed. But the fifth amendment says the government cannot take your property without “just compensation.” The plaintiff argued “just compensation” means the full market value, not the decreased cash auction price. Unfortunately, it seemed like the court only cared about the burden on the government and not about our constitutional rights. They often said it would be too difficult and unreasonable for the government to sell homes on the open market to get a fair market price. But the real question is, why are they taking people’s homes in the first place? Any other debt collector would sue in court, go after wages, or take personal property. Why does the government treat delinquent property taxes any different?

Anna Matson

47,202 görüntüleme • 7 ay önce

CNN on Vance remarks: So first of all, hospitals have been required for decades under a law signed by Republican president Ronald Reagan to treat undocumented immigrants and anyone else who shows up in the E.R. with an acute condition, regardless of their ability to pay, regardless of their legal status. This was not a Joe Biden decision. Secondly, the federal money for this emergency care goes to hospitals to help them cover the cost of the E.R. Visit. It is not comprehensive health care for undocumented people. Third, Jake, the trump law reduced this federal funding to hospitals. It did not eliminate it. And fourth, and I think this is the biggest point Democrats push to reverse this trump move and give the hospitals back level of reimbursement, would not give extra services or money to undocumented people. They would get the same emergency care Hospitals have been required for decades to give them. Hospitals would just get more help—the old level of help in covering the cost of that treatment.
1:30

CNN on Vance remarks: So first of all, hospitals have been required for decades under a law signed by Republican president Ronald Reagan to treat undocumented immigrants and anyone else who shows up in the E.R. with an acute condition, regardless of their ability to pay, regardless of their legal status. This was not a Joe Biden decision. Secondly, the federal money for this emergency care goes to hospitals to help them cover the cost of the E.R. Visit. It is not comprehensive health care for undocumented people. Third, Jake, the trump law reduced this federal funding to hospitals. It did not eliminate it. And fourth, and I think this is the biggest point Democrats push to reverse this trump move and give the hospitals back level of reimbursement, would not give extra services or money to undocumented people. They would get the same emergency care Hospitals have been required for decades to give them. Hospitals would just get more help—the old level of help in covering the cost of that treatment.

Acyn

667,168 görüntüleme • 1 yıl önce

Tomorrow is Tax Freedom Day. That’s the day when the average family, has fulfilled its tax obligations, and paid all the taxes to the government. In other words, if you had to pay all the taxes, owed to all levels of government, upfront, you would be free of all taxes on June 9, and the rest of your earnings for the rest of the year, would be yours to keep. Essentially, the average family has worked for the government for nearly 6 months. So tomorrow, June 9th, is what’s known as Tax Freedom Day, marking the first day you keep what you earn. The Fraser Institute did a study & found that 43.5% of the average Canadian family’s income goes to taxes. And that’s before the $113 billion in deficits the federal and provincial governments are running this year. If you add those in, and the real Tax Freedom Day is June 25, meaning, you work for the government two weeks longer before you get to keep what you’ve earned.
1:34

Tomorrow is Tax Freedom Day. That’s the day when the average family, has fulfilled its tax obligations, and paid all the taxes to the government. In other words, if you had to pay all the taxes, owed to all levels of government, upfront, you would be free of all taxes on June 9, and the rest of your earnings for the rest of the year, would be yours to keep. Essentially, the average family has worked for the government for nearly 6 months. So tomorrow, June 9th, is what’s known as Tax Freedom Day, marking the first day you keep what you earn. The Fraser Institute did a study & found that 43.5% of the average Canadian family’s income goes to taxes. And that’s before the $113 billion in deficits the federal and provincial governments are running this year. If you add those in, and the real Tax Freedom Day is June 25, meaning, you work for the government two weeks longer before you get to keep what you’ve earned.

Mario Zelaya

22,330 görüntüleme • 3 ay önce

A $500,000 cash payment to every eligible Black American is not a policy. It is a fantasy budget. There are about 40 million descendants of U.S. slavery, so at that price it is $20 trillion. Washington already owes tens of trillions and can barely keep Social Security and Medicare on the tracks. Twenty trillion dollars is not sitting in some 1865 account. The government would have to borrow it or print it. That drives up food, rent, and paychecks for everybody — including the people who are supposed to get the money.
0:49

A $500,000 cash payment to every eligible Black American is not a policy. It is a fantasy budget. There are about 40 million descendants of U.S. slavery, so at that price it is $20 trillion. Washington already owes tens of trillions and can barely keep Social Security and Medicare on the tracks. Twenty trillion dollars is not sitting in some 1865 account. The government would have to borrow it or print it. That drives up food, rent, and paychecks for everybody — including the people who are supposed to get the money.

American AF 🇺🇸

51,828 görüntüleme • 1 ay önce

Holy smokes! Kevin O'Leary just said that Nancy Pelosi's and Chuck Schumer's gripping influence on the Democratic party is GONE after this election. “The influences of a Schumer or a Pelosi or a movie star or an Obama deciding to anoint somebody—those guys are gone. In four years, they won't have that kind of influence.” O'Leary went on to absolutely rip apart the Democratic Party's communist style of governing. “I care about policy. And when I hear policies coming out of a party that are so twisted against the American way of life, like basically taxing capital gains that are unrealized—that's not America. Or price controls—that's not America.” “It would be good for them to lose tonight. It would reset and reboot and get that party back to the center. It would be good for them. They may not want to hear that,” O'Leary said.
2:18

Holy smokes! Kevin O'Leary just said that Nancy Pelosi's and Chuck Schumer's gripping influence on the Democratic party is GONE after this election. “The influences of a Schumer or a Pelosi or a movie star or an Obama deciding to anoint somebody—those guys are gone. In four years, they won't have that kind of influence.” O'Leary went on to absolutely rip apart the Democratic Party's communist style of governing. “I care about policy. And when I hear policies coming out of a party that are so twisted against the American way of life, like basically taxing capital gains that are unrealized—that's not America. Or price controls—that's not America.” “It would be good for them to lose tonight. It would reset and reboot and get that party back to the center. It would be good for them. They may not want to hear that,” O'Leary said.

The Vigilant Fox 🦊

10,575,131 görüntüleme • 1 yıl önce

🚨NEW: David Friedberg has a direct message for Democratic Party "The Democratic party has an opportunity to stand up and say 'We don't want things like regulatory capture, or pork, or inside stuff going on...they can have all that and still align with increasing efficiency in Government. Efficiency in Government should not be a party issue. By allowing the Republicans to say 'We're for efficient government,' it implies that the Democrats are the opposite of that saying, 'We're for *inefficient government.' If the Democrats want to win this they can take this message and say we're for *more* efficient government and the way we're going to do it is by getting rid of regulatory capture, deals, etc. There's an opportunity for the Democrats to stand up and take the country in the direction that we *all* as Americans need it to go to, which is to have a sustainable federal Government. That's going to require some degree of fiscal conservatism and action, but they can take a different point of view on how they do it and have core beliefs around that." david friedberg The All-In Podcast
1:14

🚨NEW: David Friedberg has a direct message for Democratic Party "The Democratic party has an opportunity to stand up and say 'We don't want things like regulatory capture, or pork, or inside stuff going on...they can have all that and still align with increasing efficiency in Government. Efficiency in Government should not be a party issue. By allowing the Republicans to say 'We're for efficient government,' it implies that the Democrats are the opposite of that saying, 'We're for *inefficient government.' If the Democrats want to win this they can take this message and say we're for *more* efficient government and the way we're going to do it is by getting rid of regulatory capture, deals, etc. There's an opportunity for the Democrats to stand up and take the country in the direction that we *all* as Americans need it to go to, which is to have a sustainable federal Government. That's going to require some degree of fiscal conservatism and action, but they can take a different point of view on how they do it and have core beliefs around that." david friedberg The All-In Podcast

Autism Capital 🧩

93,886 görüntüleme • 1 yıl önce

“people who get these SNAP benefits can't use that money to buy chips. It means demand goes down for those foods because the government was subsidizing consumers to buy junk food.” “What does Pepsi do in response to a decline in demand for its products? It lowers prices.” “That's how the free market works. The government subsidized consumers to buy junk food by giving them money to pay for it. And so that allowed the companies that sell that type of food to charge higher prices. When the government reduces the subsidy that it provides. Now the companies have to cut their prices.” “Well, if it works with junk food, it works the same way with everything. Everything the government subsidizes costs more as a direct result of the subsidy. Why is education so expensive, particularly colleges? Because the government subsidizes students to go to college.” “The government arranges for guaranteed loans or directly finances low interest rate loans to make it easy for people to borrow money to pay for college. That means that colleges could charge more because their customers are getting money from the government to buy their product. What would happen if the government stopped doing that? The government stopped giving out grants and loans. Well, just what Pepsi did. They'd have to cut their prices because demand would go down.” Peter Schiff
2:09

“people who get these SNAP benefits can't use that money to buy chips. It means demand goes down for those foods because the government was subsidizing consumers to buy junk food.” “What does Pepsi do in response to a decline in demand for its products? It lowers prices.” “That's how the free market works. The government subsidized consumers to buy junk food by giving them money to pay for it. And so that allowed the companies that sell that type of food to charge higher prices. When the government reduces the subsidy that it provides. Now the companies have to cut their prices.” “Well, if it works with junk food, it works the same way with everything. Everything the government subsidizes costs more as a direct result of the subsidy. Why is education so expensive, particularly colleges? Because the government subsidizes students to go to college.” “The government arranges for guaranteed loans or directly finances low interest rate loans to make it easy for people to borrow money to pay for college. That means that colleges could charge more because their customers are getting money from the government to buy their product. What would happen if the government stopped doing that? The government stopped giving out grants and loans. Well, just what Pepsi did. They'd have to cut their prices because demand would go down.” Peter Schiff

Wall Street Mav

121,315 görüntüleme • 5 ay önce

Michigan Senate hopeful Abdul El-Sayed promised drivers' licenses to illegal immigrants in unearthed 2018 footage, calling it "discriminatory" to deny them access based on documentation status. El-Sayed, now running for U.S. Senate as a Democrat, made the comments during his gubernatorial campaign — arguing that illegal immigrants are "stuck" without licenses and that the state needed to "stop discriminating that way." Elections experts say the proposal would effectively legitimize illegal presence in the U.S., noting that driver's licenses serve as de facto national ID cards — opening doors to bank accounts, employment eligibility, and apartment rentals.
0:28

Michigan Senate hopeful Abdul El-Sayed promised drivers' licenses to illegal immigrants in unearthed 2018 footage, calling it "discriminatory" to deny them access based on documentation status. El-Sayed, now running for U.S. Senate as a Democrat, made the comments during his gubernatorial campaign — arguing that illegal immigrants are "stuck" without licenses and that the state needed to "stop discriminating that way." Elections experts say the proposal would effectively legitimize illegal presence in the U.S., noting that driver's licenses serve as de facto national ID cards — opening doors to bank accounts, employment eligibility, and apartment rentals.

Fox News Politics

435,711 görüntüleme • 1 ay önce

Donald Trump Is Talking About Plans The Eliminate The Income Tax El Salvador's President Nayib Bukele Says The IRS & Excessive American Tax System Are COMPLETELY UNNECESSARY “You pay high taxes only to uphold the illusion that you are funding the government, which you are not” “The financial situation of the United States. When I talk to my conservative friends right here, they always tell me that the problem is high taxes, but they're wrong. Of course, high taxes are extremely high here in the United States. I give you that. You're right in that. But that's not the real problem. ‌ The real problem is not the high taxes themselves, but the fact that they are not even really funding the government. But even those high taxes, higher than a lot of places in the world, not even those taxes are really funding the government. So who's financing the government? Government is financed by Treasury bonds, paper. ‌ And who buys the Treasury bonds? Mostly the Fed. And how does the Fed buy them? By printing money. But what backing does the Fed have for that money being printed? ‌ The Treasury bonds themselves. So, basically, you finance the government by printing money out of thin air. Someone could ask someone could ask, well, so if the government can print the limited amounts of money out of their error, why did they collect taxes? I mean, in theory, it would make sense. Right? ‌ If they can put unlimited amounts of money, why would they need taxes for? The answer is simple, but it's very shocking. The real problem is that you pay high taxes only to uphold the illusion that you are funding the government, which you are not. It's shocking, but it's true. The government is funded by money printing, paper backed with paper, a bubble that will inevitably inevitably burst. ‌ The situation is even worse than it seems because if most Americans and the rest of the world were to become aware of these bars, confidence in your currency would be lost. The dollar will fall and the western civilization with it. If the next president of the United States doesn't make the necessary policies and the structural changes, sooner or later that bubble will burst. ‌ There's still time. You don't have to make the same mistakes we did in the sixties seventies. You can still jump before the water boils.”
3:04

Donald Trump Is Talking About Plans The Eliminate The Income Tax El Salvador's President Nayib Bukele Says The IRS & Excessive American Tax System Are COMPLETELY UNNECESSARY “You pay high taxes only to uphold the illusion that you are funding the government, which you are not” “The financial situation of the United States. When I talk to my conservative friends right here, they always tell me that the problem is high taxes, but they're wrong. Of course, high taxes are extremely high here in the United States. I give you that. You're right in that. But that's not the real problem. ‌ The real problem is not the high taxes themselves, but the fact that they are not even really funding the government. But even those high taxes, higher than a lot of places in the world, not even those taxes are really funding the government. So who's financing the government? Government is financed by Treasury bonds, paper. ‌ And who buys the Treasury bonds? Mostly the Fed. And how does the Fed buy them? By printing money. But what backing does the Fed have for that money being printed? ‌ The Treasury bonds themselves. So, basically, you finance the government by printing money out of thin air. Someone could ask someone could ask, well, so if the government can print the limited amounts of money out of their error, why did they collect taxes? I mean, in theory, it would make sense. Right? ‌ If they can put unlimited amounts of money, why would they need taxes for? The answer is simple, but it's very shocking. The real problem is that you pay high taxes only to uphold the illusion that you are funding the government, which you are not. It's shocking, but it's true. The government is funded by money printing, paper backed with paper, a bubble that will inevitably inevitably burst. ‌ The situation is even worse than it seems because if most Americans and the rest of the world were to become aware of these bars, confidence in your currency would be lost. The dollar will fall and the western civilization with it. If the next president of the United States doesn't make the necessary policies and the structural changes, sooner or later that bubble will burst. ‌ There's still time. You don't have to make the same mistakes we did in the sixties seventies. You can still jump before the water boils.”

Wall Street Apes

3,700,873 görüntüleme • 2 yıl önce

I’ll say the quiet part out loud: It was the federal government that broke our healthcare system. And we have a large amount of our aging population, that VOTED for the Liberals who crippled it. They brought in more Temporary Foreign Workers, more asylum seekers & focused on solely on “revenues” from them but, THEY DID NOT ACCOUNT FOR WHAT THIS WOULD DO TO OUR HEALTHCARE AND COSTS. No amount of taxes can fix this. And instead, Carney gives a foreign country $2.5 Billion while Canadians die waiting for healthcare.
2:58

I’ll say the quiet part out loud: It was the federal government that broke our healthcare system. And we have a large amount of our aging population, that VOTED for the Liberals who crippled it. They brought in more Temporary Foreign Workers, more asylum seekers & focused on solely on “revenues” from them but, THEY DID NOT ACCOUNT FOR WHAT THIS WOULD DO TO OUR HEALTHCARE AND COSTS. No amount of taxes can fix this. And instead, Carney gives a foreign country $2.5 Billion while Canadians die waiting for healthcare.

Mario Zelaya

64,240 görüntüleme • 9 ay önce

The most blatant flip flop I’ve ever seen. Abdul El-Sayed today on Medicare for All: "If you would like to have a private insurer, you’re welcome to do that." This man has spent YEARS vowing the exact opposite. Here are 11 times Abdul promised to ELIMINATE private health insurance plans: 08/04/2018: “Instead of having multiple insurance companies... what you have is the state operating as your insurance company. That's what we want.” 11/18/2019: "Medicare for All guarantees you a public health care plan and eliminates your private one." 11/18/2019: "Under Medicare-for-All, the federal government is the only payer—hence single payer—for healthcare to everybody in the nation." 06/04/2020: "What does Medicare for All do? Medicare for All comes in and says, ‘No more of this insurance industry,’ which costs us far more, whose CEOs make tens of millions of dollars a year, and which creates redundancy in the healthcare system that increases the overall cost for all of us." 07/12/2020: “My issue with private health insurance is that I see it as fundamentally a middleman that we've allowed to persist and exist in our healthcare system for no added value except that a lot of people profit off of it... the best way to do that is cut out the middleman.” 09/29/2020: "The only insurer in town is Medicare" 12/16/2020: “What Medicare for All does is it does away with the private insurance market. It now has one single payer—that's why we call it single-payer, right? One insurance, and that is the government of the United States.” 03/15/2021: “We are going to create one insurer that operates on behalf of the taxpayer, on behalf of the American public, so that we can reduce prices as much as possible and collectivize as much as possible.” 04/13/2021: “Instead of having a whole bunch of payers you have one payer and that is the federal government.” 05/25/2021: “We have an entire industry — the insurance industry — that does not need to exist, that should not exist. There’s a world that’s possible where it didn’t exist. The question becomes are we willing to do the morally right thing as a society?” 04/07/2022: "I advocate for a government takeover of health insurance because health insurance offers no value in the American health care system"
0:32

The most blatant flip flop I’ve ever seen. Abdul El-Sayed today on Medicare for All: "If you would like to have a private insurer, you’re welcome to do that." This man has spent YEARS vowing the exact opposite. Here are 11 times Abdul promised to ELIMINATE private health insurance plans: 08/04/2018: “Instead of having multiple insurance companies... what you have is the state operating as your insurance company. That's what we want.” 11/18/2019: "Medicare for All guarantees you a public health care plan and eliminates your private one." 11/18/2019: "Under Medicare-for-All, the federal government is the only payer—hence single payer—for healthcare to everybody in the nation." 06/04/2020: "What does Medicare for All do? Medicare for All comes in and says, ‘No more of this insurance industry,’ which costs us far more, whose CEOs make tens of millions of dollars a year, and which creates redundancy in the healthcare system that increases the overall cost for all of us." 07/12/2020: “My issue with private health insurance is that I see it as fundamentally a middleman that we've allowed to persist and exist in our healthcare system for no added value except that a lot of people profit off of it... the best way to do that is cut out the middleman.” 09/29/2020: "The only insurer in town is Medicare" 12/16/2020: “What Medicare for All does is it does away with the private insurance market. It now has one single payer—that's why we call it single-payer, right? One insurance, and that is the government of the United States.” 03/15/2021: “We are going to create one insurer that operates on behalf of the taxpayer, on behalf of the American public, so that we can reduce prices as much as possible and collectivize as much as possible.” 04/13/2021: “Instead of having a whole bunch of payers you have one payer and that is the federal government.” 05/25/2021: “We have an entire industry — the insurance industry — that does not need to exist, that should not exist. There’s a world that’s possible where it didn’t exist. The question becomes are we willing to do the morally right thing as a society?” 04/07/2022: "I advocate for a government takeover of health insurance because health insurance offers no value in the American health care system"

Kyle Martinsen

192,690 görüntüleme • 3 gün önce

Friedberg: Two Reasons Why Drug Prices are So Expensive in America 📈 🫰 1) Government intervention in the market 🏢 "The way that we negotiate drug prices is pretty messed up." "As is the case with the cost of education and the cost of housing, the cost of drugs is largely inflated because of the federal government's role in being the primary buyer or capital provider to that market." "Through our purchases of prescription drugs, the federal government, as a buyer, doesn't have any incentive to keep prices low." " If every individual had to pay for their drugs, or private insurance was the only way to get your drugs, we would have a much more dynamic marketplace." 2) PBMs marking up prices 📈 "There's also this construct in the market, these PBMs or pharmacy benefit managers." "If they got cut out of the market, it would save a lot." "There's three major PBMs, CVS Caremark, Express Scripts, and Optum RX. They make money in markups." "The FTC has been investigating them and have several open cases." "Between 2017 and 2022, the estimate is that these companies generated $7.3B in excess profit by marking up prices on specialty generic drugs." "So as an intermediary, they provide this role where they can coordinate between the health insurer, the pharmacy which dispenses the drugs, and the drug manufacturers." Chamath: " But they're allowed to be owned by the payer, which is crazy." Friedberg: " And now they're allowed to be owned by the payer." "And there's a lot of obfuscation of the true cost of the drugs. There's a lot of markups, a lot of spread taking." "And so if you took the PBMs out of the market, that would solve one of the problems." " But at the end of the day, anytime the federal government is involved as a payer in any market-based system, it creates a distortion and the market is no longer free or efficient." david friedberg
1:20

Friedberg: Two Reasons Why Drug Prices are So Expensive in America 📈 🫰 1) Government intervention in the market 🏢 "The way that we negotiate drug prices is pretty messed up." "As is the case with the cost of education and the cost of housing, the cost of drugs is largely inflated because of the federal government's role in being the primary buyer or capital provider to that market." "Through our purchases of prescription drugs, the federal government, as a buyer, doesn't have any incentive to keep prices low." " If every individual had to pay for their drugs, or private insurance was the only way to get your drugs, we would have a much more dynamic marketplace." 2) PBMs marking up prices 📈 "There's also this construct in the market, these PBMs or pharmacy benefit managers." "If they got cut out of the market, it would save a lot." "There's three major PBMs, CVS Caremark, Express Scripts, and Optum RX. They make money in markups." "The FTC has been investigating them and have several open cases." "Between 2017 and 2022, the estimate is that these companies generated $7.3B in excess profit by marking up prices on specialty generic drugs." "So as an intermediary, they provide this role where they can coordinate between the health insurer, the pharmacy which dispenses the drugs, and the drug manufacturers." Chamath: " But they're allowed to be owned by the payer, which is crazy." Friedberg: " And now they're allowed to be owned by the payer." "And there's a lot of obfuscation of the true cost of the drugs. There's a lot of markups, a lot of spread taking." "And so if you took the PBMs out of the market, that would solve one of the problems." " But at the end of the day, anytime the federal government is involved as a payer in any market-based system, it creates a distortion and the market is no longer free or efficient." david friedberg

The All-In Podcast

45,397 görüntüleme • 1 yıl önce

Warren Buffett says if the top 800 other major corporations paid what Berkshire Hathaway did in taxes, Americans wouldn't have to pay a dime in income taxes, or any taxes “If we send in a check like we did last year, we send in over $5 billion to the US federal government, and of 800 other companies had done the same thing. No other person in the United States would've had to pay a dime of federal taxes. Other income taxes, no social security taxes, no estate taxes — It doesn't bother me in the least to write that check, and I would really hope with all the America's done for all of you, it shouldn't bother you that we do it” You understand what he’s saying here right? We are subsidizing corporations cheating on taxes with our income tax Abolish the Income Tax
0:34

Warren Buffett says if the top 800 other major corporations paid what Berkshire Hathaway did in taxes, Americans wouldn't have to pay a dime in income taxes, or any taxes “If we send in a check like we did last year, we send in over $5 billion to the US federal government, and of 800 other companies had done the same thing. No other person in the United States would've had to pay a dime of federal taxes. Other income taxes, no social security taxes, no estate taxes — It doesn't bother me in the least to write that check, and I would really hope with all the America's done for all of you, it shouldn't bother you that we do it” You understand what he’s saying here right? We are subsidizing corporations cheating on taxes with our income tax Abolish the Income Tax

Wall Street Apes

565,559 görüntüleme • 5 ay önce