Finance Friday: All the Frustration

Hi all. I was going to write a standard Finance Friday post for today, either about Ibotta or a mid-year “how’s that budget?” check-in. But I am not feeling it. I’m not feeling like much. Current events have me beyond frustration.

I suspect to a large part I’m preaching to the choir here. If you’re interested in feminism, you probably care about people, and you probably care that the state not work in ways that deliberately hurt people. So you’re probably just as frustrated as I am with the senate bill (I don’t think we can call it a health care bill).

While we don’t have the CBO score yet, it’s pretty clear that the ramifications of the bill will be to limit people’s access to and ability to afford health care. As a nation, that’s pretty much saying that residents don’t have a right to be healthy, an idea most western democracies did away with decades ago. This bill will disproportionately harm those who are not wealthy. It will likely disproportionately harm women, since Maternity Care need not be included as mandatory provision of insurance policies. And god help you if you’re just a middle class male–one bout with cancer or other serious illness, as proposed “lifetime limit” caps mean that you’ll be SOL when the insurance you buy won’t pay for rudimentary stuff after you’re better, because they’ve already spent what they’re going to on you.

Imagine what that would mean for a child with cancer: a whole uninsured life.

Now this whole shebang is supposed to make health care cheaper, but it won’t. It won’t for most people, and it won’t for all of us when emergency rooms become the choice for care again–something we all pay for eventually.

This is a bill, in the guise of a libertarian passion for what government should and should not do, that will lead to harm for many, many Americans, and really only benefit the most wealthy among us. That it was negotiated in secret and a full version not released tells you that even those who are writing it know it will be hated. So then you have to ask: why do it? Is it just a racist response to the last administration? Do they think Americans are dumb enough to say, well, we wanted it repealed, and now we have even less than prior to the ACA, yay!

The ACA has its problems, absolutely. But this is not a solution. It’s nowhere close. It’s a bill written out of spite and designed to grease the palms of people and companies who donate huge sums to campaigns for guys like these, so that they might benefit (there are some nice charts circulating to that end). It’s the work of greedy, horrible people akin to 19th century assholes who saw anyone as less robustly wealthy as themselves as some kind of moral inferior who deserved penury.

I don’t even have the words for the despair this makes me feel. And I don’t know what kind of financial thinking any of us can even do with this. Can one, even with a 99% savings rate, ever be financially independent if they’re one disease away from uninsurability in a country that evidently sees illness as a moral failure?

America was once better. Only eight months ago, really. “MAGA” should become our slogan for the pre-45 era.
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