Healthcare’s Unlucky Duckies

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Via Stephanie Mencimer, Christopher Conover at the conservative American Enterprise Institute recently highlighted a well-known fact: in any given year, 1% of the population accounts for a fifth of all healthcare spending and 5% accounts for nearly half of all spending:

We have become so accustomed to health coverage that functions as prepaid healthcare rather than as insurance against unknown risks that this distinction escapes many people (including policymakers). In a perfect world, we would have universal coverage against the risk of landing in the health spending 1 percent. Most people would gladly pay $1,161 to avoid facing bills of $116,000. But not everyone can afford to do so. …[This is] why one Republican presidential candidate observed, a half decade ago, that “Health is about 30 times more difficult than national security.” Perhaps it’s worth having a Republican presidential candidate debate on this issue alone.

Yes, perhaps it is.

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And the truth is, going into the final 4 days of the year we still needed to raise $TK to hit our $350,000 goal and start 2021 on track. It's nerve-wracking, wondering if the big spike we normally see at the end of December is going to be another thing that doesn't go as planned in 2020, or worse, if, now that Donald Trump is set to leave the White House (for longer than a taxpayer-funded golf trip to a property he owns), folks might be pulling back from fighting for the truth and a democracy and think the hard work is done.

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