Dr. Murray Sabrin, Professor of Finance, Ramapo College, emails:
Cornell economics professor Robert Frank writing in today's NYT business section suggests Trump may propose "Medicare for all" in light of the failure to repeal and replace Obamacare last week. I would not be surprised. Trump is not a limited government advocate.Frank writes:
Now that Republicans have withdrawn Mr. Ryan’s bill from consideration, attention shifts to what comes next. In an earlier column, I suggested that Mr. Trump has the political leverage, which President Obama did not, to jettison the traditional Republican approach in favor of a form of the single-payer health care that most other countries use. According to Physicians for a National Health Program, an advocacy group, “Single-payer national health insurance, also known as ‘Medicare for all,’ is a system in which a single public or quasi-public agency organizes health care financing, but the delivery of care remains largely in private hands.” Christopher Ruddy, a friend and adviser of the president, recently urged him to consider this option.Sadly, this is what may actually occur. A socialist healthcare system in America. It certainly seems to mesh with Trump's Führer Principle personality and his complete lack of understanding of the problems with central planning.
Many Republicans who want to diminish government’s role in health care view the single-payer approach with disdain. But Mr. Trump often seems to take pleasure in being unpredictable, and since he will offend people no matter which way he turns, he may want to consider why liberals and conservatives in many other countries have embraced the single-payer approach.