The bull market is setting records. As might be expected, putting one of their own into the White House appears to have excited Wall Street. Good times are here again, at least for them.

What about Main Street? Some on Main Street are excited about Wall Street elites replacing government elites. Surely Wall Street will look after them better than government elites? Of course, wasn’t it Wall Street who came up with the idea of those bundled mortgages that contributed to the Great Recession?

Some on Main Street are concerned about losing health care. Various plans have been floated to replace the Affordable Care Act. One is to replace it with some kind of catastrophic health insurance. Individuals would pay their own health costs until they reached a certain amount, then catastrophic health care would kick in for them.

The problem is how much the person would have to pay and how well they could afford this amount.

Members of Congress, who will decide on healthcare, could probably afford such a plan. For someone on minimum wage, it could be disastrous.

Whatever replacement is finally decided on, members of Congress will most likely have access to adequate healthcare coverage.

I don’t object to members of Congress having their healthcare. I don’t imagine Wall Street has to worry about healthcare, either, which is fine. I just don’t see why Main Street should have to worry about it.