Unlock stock picks and a broker-level newsfeed that powers Wall Street.

The GOP healthcare plan is an absurd distraction

Try to think of the last time Congress did something the American public generally opposes, such as raising taxes on the middle class or cutting back government services. It’s an awfully short list, if you can come up with anything at all.

Yet the Republican-controlled Congress seems determined to do something that gets more unpopular by the day: replace the Affordable Care Act with something that would offer fewer protections to consumers and leave millions of Americans who are now insured without coverage.

The ACA, otherwise known as Obamacare, is a flawed program that needs help. But the GOP crusade to kill it is a white-whale obsession that cannot possibly lead to a happy ending for Republicans, or the country. For decades, Social Security was considered the “third rail” of politics: touch it and you die. Healthcare is now the third rail, and Republicans, remarkably, have wrapped their arms around this high-voltage career-killer.

The latest GOP plan would add 23 million Americans to the ranks of the uninsured within a decade, according to the Congressional Budget Office. In Washington’s bizarre logic, this is considered good news for backers of the plan, because a prior version of the bill would have raised the number of uninsured by 24 million. So the latest plan is marginally less terrible than the prior one. The latest bill would also save taxpayers $119 billion over a decade, because you save money when you stop paying for something expensive, such as healthcare. Budget hawks think it’s a worthwhile tradeoff, but they have not yet had to run for reelection while defending a decision sure to be demagogued as an attack on cancer patients and pregnant women stripped of coverage.

All of this parsing is big news in Washington, because the official analysis just published by the CBO is sort of like a fat Scarlet A tattooed on the GOP bill. Intrigue! But Washington shouldn’t even be talking about this, because of all the things Congress could be doing, revamping the healthcare system for the second time in a decade is about the most problematic, convulsive and implausible project to put at the top of the list during the new Trump administration.

Republicans are stuck, of course, because they have hollered for the repeal of the ACA since a Democrat-controlled Congress passed it in 2010. Since Republicans now control Congress and the White House, they must either honor their word or risk exposure as hypocrites unwilling to do what they demanded now that they have the power to do it. That has made the ACA repeal bill Exhibit A under Be Careful What You Wish For.