Dad Saves America Why We Hate the Healthcare System: Obamacare, Lobbyists, and Fraud - Michael Cannon
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Jan 22, 2026 Michael Cannon, a healthcare policy expert associated with the Cato Institute, dives into the frustrations of the U.S. healthcare system. He argues that government intervention, not free market forces, has led to rampant fraud and inflated costs. Cannon discusses how Obamacare subsidies inadvertently encouraged enrollment fraud, and he critiques the inefficiencies of Medicare and Medicaid. He also emphasizes the importance of price transparency and patient empowerment, suggesting that cash-based models might offer better outcomes for consumers.
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Who Controls The Money Matters
- Government controls a huge share of U.S. health spending, creating moral hazard and widespread fraud.
- Michael Cannon argues consumers should control the money to reduce waste and misuse.
Government Programs Work Like ATMs
- Large federal programs act like ATMs where plausible claims trigger automatic payments with little verification.
- That design makes fraud easy and recovery of stolen funds unlikely.
States' Legal Tricks Out-earn Small Frauds
- State-level schemes to inflate Medicaid spending can legally extract massive federal funds.
- Cannon says such legal maneuvers can dwarf street-level fraudsters in scale.
