Billionaire financier Mark Cuban has no kind words to say about Republicans’ newly circulated idea for how they could replace the Affordable Care Act. The plan, which started being circulated by President Donald Trump and his allies in Congress in the final days of the federal government shutdown as Democrats demanded an extension to ACA subsidies expiring for millions of people, was to take the money spent on subsidies and send it directly to American taxpayers to sock away in health savings accounts, or HSAs, to pay for treatment directly. But Cuban, who has himself pushed a drug sales company to try to disrupt the health care industry, panned the whole thing in a lengthy post to X on Friday. “This is dumb. Really dumb. Really Really Dumb,” wrote Cuban, who has clashed with Trump in the past. “Why? Because when you give it to Ins Carriers under the ACA, they have to spend at least 85pct of it on care for plan holders. When sent to people’s HSAs, there is no assurance that the money will be spent on healthcare costs at all. A recipient can save the money and take it out when they turn 65. MORE LIKELY, people will get that HSA cash, immediately take it out, pay the 20 pct penalty and buy whatever they want,” Cuban continued. “So your tax dollars could be throwing parties! Does this mean I like the subsidies going to the big insurance carriers? No,” he added. “It means there are better ways to do this. Whatever we do, taxpayer money HAS TO GO DIRECTLY TOWARDS PAYING or Guaranteeing NECESSARY MEDICAL CARE. Sending money to people’s HSAs is really dumb.”.
Tag: republicans
Four Recent California Gubernatorial Polls All Show Chad Bianco, a Republican, in First Place
Newsweek has this description of four recent gubernatorial polls in California, all showing a Republican leading. Some of the story discusses the possibility that the top-two system might result in two Republicans placing first and second in the primary, which . Continue reading →.
The Weekend Spectator Ep. 51: NYC Democrats Excitedly Choose Socialism
The elections that took place this week are a wake up call for Republicans. Millions of people elected far left.
White House insiders worry midterms could be ‘end of the presidency’: CNN reporter
If the 2025 off-year elections are any indication, analysts think they could foreshadow another bad election for Republicans in the 2026 midterms. Speaking to CNN on Wednesday, former Barack Obama strategist David Axelrod and Donald Trump ally Scott Jennings debated the true meaning of the Democratic victories around the country. “You can’t jawbone people into feeling what they’re not experiencing,” Axelrod said about Trump’s months-long effort to claim the economy was dramatically better under him. “You know what you saw yesterday in really, really significant numbers all over the country where people [were] voting because they were really worried about the direction of the country and the direction of the economy,” he added. But it was host Kaitlan Collins who questioned if this is an indication that a 2026 Democratic sweep could turn Trump into a “lame duck. Just make everyone clear on how much they’re worried about Democrats taking back the House in the midterms or what that could look like, one White House staffer told me once that it’s the end of the presidency, if that happens,” Collins said. She added that it’s simply a matter of how high the stakes are for those in the White House who think Democrats will be a check on Trump’s power. They remember very well what it was like in Trump’s first term, and they lost power to the Democrats. Jennings said the White House should stop Trump from traveling so much overseas and instead focus on economic issues. “So, I would be looking for ways to keep him at home and keep him visible in those settings, and also just get him talking about what people are feeling and what he’s doing about it,” Jennings suggested.