Trump Adviser Betsy McCaughey Won't Let Right-Wing Media's Obamacare “Death Spiral” Myth Die
McCaughey's “Death Panels” Conspiracy Never Happened Either
From the August 25 episode of Fox News' Your World with Neil Cavuto:
STUART VARNEY (HOST): So for anybody who's got Obamacare is going to have an average 25 percent hike in the premiums they pay each and every month?
BETSY MCCAUGHEY: Well, the administration is saying, “oh, people shouldn't worry because most people are getting a taxpayer funded subsidy.” Well, first of all, that means drop dead to the taxpayers paying that subsidy, but number two, about 20 percent of people don't get a subsidy. Individuals earning more than $46,000, couples earning more $64,000; they're going to pay the full freight and for some people it's going to mean paying 20 percent or more of their income for a health plan and then having a deductible that's so enormous. The bronze plan, individual deductible, $7,000.
It's a flawed design. This is a plan that forces healthy people to pay the same premium as chronically ill people. But five percent of the people in the country need 50 percent of the healthcare, so it's like trying to feed a Chihuahua and a Great Dane on the same budget. The healthy people say “I'm not going to pay that premium,” right? So, they pull out and the only people left in the plan are sick people. Then the premium goes up even more and more people pull out, and that's what's happening. It's called the death spiral.
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