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Uncle Sam shouldn't own Intel stock

(www.wsj.com)
335 points aspenmayer | 1 comments | 24 Aug 25 21:40 UTC | HN request time: 0.274s | source
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Animats ◴[24 Aug 25 22:07 UTC] No.45008237[source]▶
It's socialism, after all, for the Government to own an interest in a company.

Covered yesterday on YC.[1]

[1] https://news.ycombinator.com/item?id=44989773

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boredatoms ◴[24 Aug 25 22:12 UTC] No.45008266[source]▶
We can finally get that universal healthcare then
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aspenmayer ◴[24 Aug 25 22:18 UTC] No.45008297[source]▶
The healthcare industry doesn't need a bailout, though, so the US has no leverage to demand 10% of healthcare companies' stocks.
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WillPostForFood ◴[25 Aug 25 06:25 UTC] No.45010836[source]▶
the US has no leverage to demand 10% of healthcare companies' stocks.

US federal government is the biggest player in healthcare, by far. 32% of all healthcare spending is Federal government dollars. They have plenty of leverage. Bad if they use it, but they have it.

$900+ billion in Medicare yearly $600+ billion in Medicaid yearly

replies(1): >>45011029 #
aspenmayer ◴[25 Aug 25 06:52 UTC] No.45011029[source]▶
Why would the government taking a stake of the insurance companies be a benefit from the point of view of the federal government or the insurance companies?

What would the value add for either party be?

replies(2): >>45012060 #>>45031156 #
Hikikomori ◴[25 Aug 25 09:45 UTC] No.45012060[source]▶
Can recoup some of the completely unnecessary money poured into insurance companies that shouldn't exist.
replies(1): >>45012112 #
aspenmayer ◴[25 Aug 25 09:52 UTC] No.45012112[source]▶
That money almost seems like ill-gotten gains at this point. To a certain reading, it’s blood money.[0] If the insurance rates are too high, I don’t see how another cook in the kitchen is going to cook the books better, but I’m willing to believe that it could be a shakeup that might work. I just don’t have high hopes.

[0] https://en.wikipedia.org/wiki/Famine,_Affluence,_and_Moralit...

replies(1): >>45012307 #
1. Hikikomori ◴[25 Aug 25 10:24 UTC] No.45012307[source]▶
Don't worry, they're now using AI to deny claims.