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TMBS - 108 - Warren Waffles on Healthcare & Guide To Middle East Factions ft. Ana Kasparian

This is the free weekly edition of TMBS. To support the Michael Brooks Show on Patreon and receive hours of weekly members-only content, subscribe at Patreon.com/tmbs Follow The Michael Brooks Show and crew on twitter: @TMBSfm @_michaelbrooks @mattlech @davidslavick @davidgriscom

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J P 3

One thing to note about the "public option" in health care is that a lot of these plans look like they are "public" in name only. e.g. in Kamala Harris/Kathleen Sebelius's health care plan, the "public option" is privately operated Medicare Advantage system that is funded with public dollars. Biden and Buttigieg's plans leave this door open as well. It's possible to design a genuine public option that does some real good -- this is part of the reason that industry groups fought against the proposal in 2009. However, I don't think we ever really get a breakthrough and a long-term fix absent a genuine, universal single-payer system. e.g. the risk with even a well-designed public option is that it could still be sabotaged via regulatory changes in the next GOP administration. e.g. it's easier to use regulatory power to undermine a plan that benefits only a few million people of modest means, than it is to use regulatory power to undermine a system used by everyone -- including people who have a lot of political power. Sanders plan requires a really heavy political lift in order to become law, but the upside is really big too. e.g. for most people it will be the equivalent of a windfall of tens, if not hundreds of thousands of dollars of savings over a lifetime; it will reduce a major source of pay-to-play funding in our politics; it will shift power towards workers by removing a leverage point that employers have with many workers; it will reduce a major funding source for crappy media conglomerates who have profited off of price gouging by industry groups. e.g. everytime anyone sees a commercial for a drug company or an insurer, it's ultimately all of us who are financing those ads. I would rather see the money put into health care. These broad social benefits are also part of the reason that vested interests are fighting so hard against the prospect of a Sanders presidency. It's also a reason why a lot of us have his back. Health care policy is a litmus test issue for industry groups, it should also be for voters. We ultimately pay for it -- and it's not just a matter of $$$$$.

Bijou Smith

These huge cost savings made by M4A and the millions of job losses in the insurance sector will be a massive deflationary event. Many companies will be able to gain in competition by reducing prices once they no longer have to pay health insurance. So you all need to realize raising taxes after introducing M4A will be a disaster, likely to trigger a recession. So there is no way you can say "pay for it with tax increase". In fact taxes never fund the Federal governmetn (people need to be given money first before they can pay taxes). So the USA Fed government will need to either lower taxes or spend big in order to keep the economy going once M4A is in place.

Bijou Smith

@MattLech cover China Mievllie's "October" on Literary Hangover dude.