James_Miller comments on Rationality Quotes October 2013 - Less Wrong

7 [deleted] 05 October 2013 09:02PM

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Comment author: James_Miller 04 October 2013 12:42:53PM 0 points [-]

Big Pharma was in favor of Obamacare

Two possible reasons:

(1) Blackmail--Obamacare harmed them, but big Pharma was told by Democrats that if they didn't support it the Democrats would pass something that harmed them even more. The medical device industry didn't support Obamacare and as a result they got hit with a special tax in the final bill.

(2) Reduced competition--Obamacare makes it harder for other firms to enter the pharmaceutical industry.

Comment author: ChristianKl 04 October 2013 01:32:05PM 0 points [-]

As far as the medical device tax goes, I agree that it's worth repealing it.

In total it's however zero sum for spending on healthcare. The tax pays for tax rabates for health insurance. Money payed into the health insurance system gets spend on medicial expenditures.