President Trump, who promised to totally repeal Obamacare, is threatening Republicans with political retribution if they do not support the House bill, which would leave the worst elements of Obamacare intact. The House bill does a few good things – it eliminates the individual mandate to buy insurance and relieves employers of the costly burden of providing insurance for their workers.  But, mostly, the worst parts of Obamacare stay in effect. 1) The expansion of Medicaid.  Currently being paid for by the federal government, this massive financial burden continues with the new bill. 2) Redistribution of income.  The Obamacare subsidies are replaced with phony "tax credits" that for many people will give back more than they pay in taxes to the federal government.  They are the same Obamacare subsidies by a different name and under a slightly different formula, but the enormous redistributive subsidies remain. 3) Expensive...(Read Full Post)