Billionaire businessman Mark Cuban pitched his very own approach to deal with
the Very affordable Care Act on Wednesday, amid the Property Republican
effort to unravel the law.
He detailed the concept on his site, Blog Maverick. It amounted to one
payer coverage for serious bodily and mental illnesses and
existence-threatening injuries, and typical insurance plan for all
The owner of the Dallas Mavericks and star of ABC’s “Shark Tank”
encouraged readers to “shoot holes” in the approach.
“Regardless of whether it is really Medicaid or a new method, each one person in
this country must be covered 100% for serious bodily or
mental illness and for any existence-threatening personal injury.
“The premiums that we are having to pay to insurance plan organizations as
people or as firm coverage for these considerable threats
would go from the insurance plan organizations to the IRS. Only the charge
of masking the what’s remaining would carry on staying compensated to the
insurance plan organizations.
“It would not be challenging to do the math. Every insurance plan firm
does this analysis currently. The government does this analysis
currently. We all would finish up having to pay more in taxes, but much less
in insurance plan and health care expenditures around time.
“There would be no mandates. There would be no person
penalties. No tax credits. No subsidies. No offsets or
deductions for purchasing greater finish insurance plan. This will be one
payer (certainly I know it is really a soiled phrase in this country) for
serious bodily or mental illness and for any existence threatening
“Every thing not covered by the above can be covered by insurance plan
offered on the absolutely free current market, managed by the states, offered across state
lines, without the need of government interference.”
Property Republicans released their proposal to switch the
Very affordable Care Act, usually acknowledged as Obamacare, earlier
this 7 days. But while the proposal has been endorsed by President
Donald Trump and his administration, many in the far more
conservative wing of the GOP have slammed the proposal, this sort of as
Sen. Rand Paul of Kentucky and Rep. Justin Amash of Michigan, who
imagine it quantities to “Obamacare Lite” or “Obamacare two..”
Cuban has flirted with the concept of a presidential bid in the
earlier, just lately telling Small business Insider “we will see” when requested
if he was looking at a run at the White Property. A modern poll confirmed that, if he was the
Democratic nominee operating from Trump (Cuban is not now
registered with a political party), the billionaire businessman
would be in a neck-and-neck race with the sitting down president.