Thursday, September 10, 2009

Obamacare: Good For What Ails Health Insurance Companies (Except They Are Not Sick - In Fact, They're Feeling Much Better!)


I did not watch President Obama's speech on September 9 - although hearing a congressman shout out "you lie!" would have been fun. I've often thought the British Parliament does it best. Get the Prime Minister in the same room on a regular basis with the representatives and everyone gets down to shouting. Here there is way too much decorum when it comes to the President.

Anyway, from news accounts I've perused, Mr. Obama did the expected thing and continued his retreat from his 2003 declaration of support for true universal health care in America. He indicated then that only one thing was necessary to enable the USA to join the rest of the industrialized world in the most efficient and inclusive health care system ever devised: a Democratic president and Democratic majorities in the Senate and House of Representatives.

So here we are six years later, and those prerequisites have been fulfilled. So where is the single-payer solution? Dead as a doornail in the White House view. And now the president is backing away the extremely modest government-run public option in a proposal mainly designed to add millions of new customers to the bloated, inefficient and "uniquely American" for-profit corporate health insurance "industry". The plan advocates something that every conservative in America should be vocally opposing: a federal law requiring everyone to purchase some sort of private corporate insurance. Talk about restricting choice!

Let's repeat that: the government, run by public tax dollars, will require the citizens to purchase private corporate insurance. Whether it's through your employer or on your own, citizens will face a tax penalty if they cannot prove they are paying a for-profit corporation for health insurance. But there's more! Tax subsidies will be issued to those who cannot fully afford the legal requirement to buy insurance. The government will give public dollars to citizens to pass on to for-profit corporations. A bailout by another name? And these companies aren't failing financially!

At least a small public option would give the most economically disadvantaged Americans a recourse - a non-profit insurance group that would operate as a last resort. But the president has signaled that it's not essential. Instead, the for-profit system would have no competition or impetus to hold down costs/prices.

I could go on, but fortunately Matt Taibbi, writer and blogger at Rolling Stone, has effectively recapped the sordid history of the health care "reform" and analyzed the legislative loopholes that will continue to provide mega-millions in profits to companies who make money by denying care. And we will all suffer. Read his story, "Sick And Wrong" here:http://www.rollingstone.com/politics/story/29988909/sick_and_wrong
P.S. You can find many videos of Mr. Obama promising on the campaign trail to sign a universal health care measure by the end of his first term. That gives him three more years and a couple of months - how does the current measure help advance that cause? Here he is advocating for single payer in 2003 - somehow, in six years, there's been a dramatic about face:

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