Tags: Healthcare Reform | Medicare | Obamacare | single-payer | repeal and replace | insurance

Mark Cuban Offers His Own Obamacare Fix

Image: Mark Cuban Offers His Own Obamacare Fix
Dallas Mavericks owner Mark Cuban (AP Photo)

By    |   Wednesday, 08 Mar 2017 09:17 PM

Billionaire businessman Mark Cuban does not like the House GOP's plan to replace Obamacare, and he shared his own idea about healthcare reform on his blog Wednesday.

Cuban, the owner of the NBA's Dallas Mavericks, wrote on Blog Maverick it comes down to risk management. And he explained the three "stakeholders" in the health insurance world — health insurance companies, healthcare providers, and consumers — are not willing to settle for less and risk too much.

"No stakeholder is willing to take less. Which is why it will be near impossible to 'fix Obamacare' in a way that makes consumers – also known as voters – insurers, and healthcare providers happy," Cuban wrote.

Cuban then got into the meat of his argument, which is for consumers to pay insurance premiums to the IRS, not health insurance companies. And for several reasons he explained, Americans would pay higher taxes but lower healthcare costs.

"There would be no mandates. There would be no individual penalties. No Tax Credits. No subsidies. No Offsets or deductions for buying higher end insurance," Cuban wrote. "This will be single payer (yes, I know it's a dirty phrase in this country) for chronic physical or mental illness and for any life threatening injury.

"Everything not covered by the above can be covered by insurance sold on the Free Market, managed by the states, sold across state lines, without government interference."

Cuban continued by saying Americans should "share the costs of our greatest risks."

"The peace of mind this would bring to every family would make our country stronger. I know with certainty it won't reduce innovation in healthcare," he wrote. "Technology is going to continue to boom and change our future.

"There is something for everyone to hate in this. It doesn't cover as wide a range of healthcare options as Obamacare, but it covers everyone. Immediately. No paperwork required. It is more humane, cost effective, and fair than what the Republicans have proposed so far."

Cuban did ask for feedback on his proposal, inviting people to "shoot holes in this please."

The Republican healthcare proposal, called the American Health Care Act, is drawing fire from both sides of the aisle. The White House, however, supports the bill.

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Billionaire businessman Mark Cuban does not like the House GOP's plan to replace Obamacare, and he shared his own idea about healthcare reform on his blog Wednesday.
Obamacare, single-payer, repeal and replace, insurance
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2017-17-08
Wednesday, 08 Mar 2017 09:17 PM
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