Question on healthcare

[Hoyt]

1. Personally, I'm not sure enough people trust the government to provide

a better system. I think they are stupid, but that’s another matter.

I’d bet within 5 years of a Public Option — that people can try for themselves — 80% of people would sign up, especially now. In other words, it’s not people making a rational choice by comparing cost and outcomes of our so-called system vs. other countries. People aren’t rational.

With that said, wouldn’t be surprised to see us end up with expanded Medicaid, just like envisioned under original ACA, due to the aftermath of the Coronavirus. Lots of unemployed people — who thought they were safe a month ago — are going to lose their health insurance.