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Although you address a legitimate question--how the safety net affects the unemployment market, your description of U.S. Healthcare is largely inaccurate and worth clearing up.

Since the 1980's every state in the U.S. has offered a Medicaid-funded program. These programs would almost certainly cover you in this hypothetical situation, including covering diabetes or hypertension medicine. Yes, a few politicians dislike the program and many vote against its expansion, but belying your use of the "socialism" epithet, the program is widely accepted in the U.S. and ending it is a fringe opinion.

The scenario you describe (ER's provide acute/crisis care to people who have no routine monitoring) does legitimately describe people who (a) fail to properly enroll in Medicaid, or (b) have too high an income for Medicaid but still consider insurance unaffordable. Productive work is being done to address both of these gaps, but your characterization gives the wrong impression about the current state of the safety net.



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