Bfgrn
Gold Member
- Apr 4, 2009
- 16,829
- 2,492
- 245
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
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