The Left's Obamacare Demands Won't Lower Healthcare Costs

While Democrats continue their 'Schumer shutdown', there is one demand they are making that is simply not true. The 'subsidies' they are holding out for will -not- lower healthcare costs.

"This does not do anything to that, this doesn't change anything" said Veronique de Rugy, a senior fellow at the Mercatus Center who wrote an op-ed for Newsmax.

Basically, Democrats want to make permanent the COVID-19-era expansion of Obamacare premium tax credits. In another form of their new socialism, the Dems believe the best way to lower healthcare costs is by giving more taxpayer dollars to insurance companies.

"There's an enormous amount of fraud in the Obamacare tax credits, enormous" de Rugy, "I think it was roughly $20 billion dollars a year of subsidies to insurers."

So, that is who and what the Dems are really fighting for, not the American people.

"What's stunning too is, there's no need to shutdown the government over this right now" noted de Rugy, "These credits are not meant to expire until the end of the year, but are mostly going to 10% earners. It's crazy."

It's time to get the government out of the insurance industry, and let competition dictate the marketplace and prices, not taxpayer funded subsidies.