This is not free market vs. socialism, this is today's robber barons

Discussion in 'Politics' started by Bfgrn, May 20, 2009.

  1. Bfgrn
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    Bfgrn Gold Member

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    This is not free market vs. socialism, this is today's robber barons; unadulterated greed to the detriment of hard working families...this is exactly why government regulations and anti trust laws were necessary...

    No one is against companies that are profitable, but the current health care system is a scam that makes insurance companies and pharmaceutical companies excessively rich while making too many hard working citizens uninsured, under insured, uncovered, bankrupt or dead...

    The Health Care Lobby: Watch What They Do


    excerpts:
    The health care lobby has employed one basic theme in trying to stop health care: scare the hell out of Americans by decrying a "government takeover" of health care. But in the age of Obama, they want to be seen as part of the solution, not simply part of the problem.

    So last week, the leading health care trade associations - -the lobbies for insurance companies, doctors, hospitals, drug companies, plus a union -- stood with the president to pledge dramatically to "do our part" to reduce the rate of soaring health care costs by 1.5% a year over the next decade, a promise that if fulfilled would save some $2 trillion from the cost of care. Not surprisingly, the president - eager to show that his efforts to give everyone a seat at the table were bearing fruit - was happy to hail that promise.

    The lobbies got national coverage that their clients were for reform and would make a real contribution to it. Outside the photo op, however, the reality was very different. A new report released today by Health Care for America Now, a leading citizens' coalition pushing for comprehensive health care reform, put the industry claims in sharp relief.

    The HCAN report shows that after 400 mergers involving health insurers over the last 13 years, concentration has gone up in local markets across the country. The single largest provider of small group coverage (for small businesses, for example) controlled a median market share of 47% in 2008. The AMA says 94% of insurance markets in the US are highly concentrated.

    The result, of course, is soaring prices - with premiums up, on average, more than 87% over the past six years. Profits at 10 of the country's largest publicly traded health insurance companies in 2007 rose from $2.4 to 12.9 billion (428%) from 2000 to 2007. The CEOs of these companies in 2007 alone collected an average compensation of $11.9 million each. Nice work if you can get it.

    Insurers use their position to pass rising costs onto the insured. And, not surprisingly, Medicare does better. A recent study by University of California professor Jacob Hacker for the Institute for America's Future (which I co-direct) shows that from 1997 to 2006, private health insurance spending per enrollee grew at an annual rate of 7.3% while that of Medicare was at 4.6%, or more than one-third less.

    The concentration of insurance markets and the lack of private competition provide compelling reasons for the Congress to establish a public plan like Medicare as an option for those seeking insurance. Give consumers a real choice. The public plan would provide both a benchmark for private plans and much needed competition in what are now perversely concentrated markets.
    http://scdfa.org/robert-l-borosage-health-care-lobby-watch-what-they-do
     
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  2. sealybobo
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    sealybobo Diamond Member

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    Expect to be called a conspiracy theorist.

    Expect to be asked, "why do you hate the rich"?

    And even if you could prove your theory 100% without a shadow of a doubt, expect the right wingers on this board to dismiss the facts and just call you a socialist/communist.

    I even showed them this, which 100% vindicates everything I have said:

    Share of National Income Going To Wages and Salaries at Record Low in 2006
    Share of Income Going to Corporate Profits at Record High

    Share of National Income Going To Wages and Salaries at Record Low in 2006 — Center on Budget and Policy Priorities

    And they don't care. No matter how much proof you provide, they just don't care.

    But I do. Glad to see you get it.
     
  3. Annie
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    Annie Diamond Member

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    It's not the right that is misrepresenting 'facts' it's the administration:

    AHA head: W.H. misstated deal


    http://www.nytimes.com/2009/05/15/health/policy/15health.html?_r=1

     
  4. sealybobo
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    sealybobo Diamond Member

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    Quit siding with and swallowing mis information from known liars. They promised Carter they would cut their costs, and they didn't. They promised Clinton, and they didn't. So here they are again making promises they don't intend to keep.

    And when they break their promises, you'll blame Obama. Try blaming the senators who will block any healthcare reform because the healthcare industry has paid them to work for them. Not for you and me, but for them. But being a corporate defender who doesn't care about the citizens of this country as much as you do the corporations, I'm sure you are cool with that.

    Man, I don't know why he wanted this job. I wouldn't want to be president, although if I were, I would give single payer a seat at the table.

    Do you even like your healthcare?
     
  5. Bfgrn
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    Bfgrn Gold Member

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    Health care executive agreed to "squeeze" health spending? HOW, deny coverage for more illnesses and create more "preexisting" conditions?

    Hey Annie, why doesn't the 400 mergers, the 428% increase in insurance company profits and self indulgent CEO's bother you? Are you THAT in the tank for the elite and corporations?
     
  6. Annie
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    Annie Diamond Member

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    Doesn't it bother you that you just buy into anything that's said by the administration?
     
  7. Bfgrn
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    Bfgrn Gold Member

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    I believed we needed health care reformed BEFORE this administration... are you always so partisan?
     
  8. sealybobo
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    sealybobo Diamond Member

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    Do you know what I think about assholes like you? I think, "how do they hear all the horror stories about healthcare and not care"?

    Fascinating.

    But its greed. I work with people like you. Nice people, just ignorant and greedy. My buddy says, "I went to college and EARNED my healthcare.

    There is so much that is wrong with that statement, I don't even know where to begin.

    First off, his healthcare sucks for what he's paying. Secondly, he didn't EARN the right to go to highschool. We as a society a long time ago decided that education was important, so we gave it to everyone. Why isn't healthcare more important?

    Last thing. Fox was crying that they might ration healthcare. Ration? Is that anything like when an insurance company bean counter looks for ways to deny their customers coverage?

    Stop swallowing the rights bullshit. Are you a corporation? Are you filthy rich? Then just stop it. You are voting outside your own tax bracket.
     
  9. editec
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    editec Mr. Forgot-it-All

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  10. del
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    del BANNED

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    does this mean that all those workers that caterpillar called back after the stimulus bill passed will have to pay more for health care?

    what?

    they didn't get called back?

    but obama said the president of caterpillar told him he'd be calling back workers as soon as the bill was passed!

    what's that? the president of cat didn't say that?

    hmmm.... looks like a pattern to me.

    CEO Contradicts Obama on Rehiring Employees - ABC News
     

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