Health care or Insurance company welfare

Over at the Economic blog — Naked Capitalism — Yves Smith has an article up called the Top Ten Reasons To Kill the Senate health Care Bill. The Senate Bill, besides being unconstitutional. is an example of what happens when Lobbyist are allowed to write legislation.

1. Forces you to pay up to 8% of your income to private insurance corporations — whether you want to or not.

2. If you refuse to buy the insurance, you’ll have to pay penalties of up to 2% of your annual income to the IRS.

3. Many will be forced to buy poor-quality insurance they can’t afford to use, with $11,900 in annual out-of-pocket expenses over and above their annual premiums.

4. Massive restriction on a woman’s right to choose, designed to trigger a challenge to Roe v. Wade in the Supreme Court. [THIS is the part that is unconstitutional.]

5. Paid for by taxes on the middle class insurance plan you have right now through your employer, causing them to cut back benefits and increase co-pays.

6. Many of the taxes to pay for the bill start now, but most Americans won’t see any benefits — like an end to discrimination against those with preexisting conditions — until 2014 when the program begins.

7. Allows insurance companies to charge people who are older 300% more than others.

8. Grants monopolies to drug companies that will keep generic versions of expensive biotech drugs from ever coming to market.

9. No re-importation of prescription drugs, which would save consumers $100 billion over 10 years.

10. The cost of medical care will continue to rise, and insurance premiums for a family of four will rise an average of $1,000 a year — meaning in 10 years, your family’s insurance premium will be $10,000 more annually than it is right now.

Since Yves is a proper Economist he gives references for each of the 10 points. What is really significant about Yves giving this POS health insurance bill a negative rating is that Yves is a former 0bot — or so I am told. Apology in advance if Yves didn’t drink the Kool-aid.

Let’s look at point #1 — we will be paying at least 8% of our income to a PRIVATE insurance company. The term “crap insurance” will shortly be what Americans will be calling their health insurance (since this doesn’t apply to the politicians and Government employees — are they still Americans??). So we pay the 8% but it isn’t real clear what exactly we are going to get for that 8%. Evidently the real plan may be to make “health insurance” so unaffordable for the majority of Americans, that most will opt out and pay the fine. What is not clear in the “Managers Amendment” to this Bill is just who gets the proceeds of the fine. This 2% tax could be how 0bama intends to pay for his endless wars and supplement the coffers of the Military Industrial complex.

That fine according to #2 on list above would be 2% of your income for a savings of 4% NOT to be blessed with private insurance. Anyone in the over 50+ to 65 (age Medicare kicks in) may be paying even more according to some of the evaluations I’ve read. Younger women will be hit for the preexisting condition of female and then men will be hit at age 50+ for their age. These lobbyist aren’t leaving a stone unturned in their quest to eliminate the middle class.

Emptywheel at Firedoglake has dusted off his/her calculator to figure out just how much the crap health care insurance will really cost real families — paying the crap health care bill PLUS the out-of-pocket costs — if they in fact do have a health care crisis. (Which is why we all want health care insurance in the first place, so that we don’t go bankrupt.)

It turns out that a family of four with an income of about $66,370 after paying for crap insurance and out-of-pocket expense will be left with from $7,215 to $13,620 (depending on the final version of this bill) to pay for to pay for everything besides food, housing, health care, and income taxes.

Evidently the wise Senators and their lobbyist friends have determined that there will no longer be a middle class. Perhaps this is the Congressional way of having a draft for Obama’s wars without having to mess with a real draft. The middle class will not be able to afford to send their children to college. The only route to college for the children of middle class will be via a military tour of duty with gamble that the US Government will honor the deal to provide financial support for college.

[A snark –Who the hell will be left to buy all that crap arriving in container ships from China? The Insurance companies have figured out the “disposable” income, or money not being spent on absolute essentials and have ear marked that money to pay the middle men for health Insurance paper work and administration fees etc. (or so it seems). Also, who is supposed to buy all the new cars? We really need to figure out exactly what the government thinks that we should be left with as our “pocket money” after the all our money goes as welfare for to the Insurance Companies and Wall Street parasites. The next goodies that Corporate welfare crowd are after — Social Security and Medicare. The bastards are out to kill the Golden Goose. /snark]

Apparently when Americans are dealing with their doctors and health care providers we need a whole lot of middle men — because neither the doctors nor we Americans understand medicine. So for whatever health care we need the doctors (or we the consumers of said medical care) need to ask permission from someone who uses a computer program which will tell the doctor WHICH medicine and WHICH treatment will be paid for.

So what happens if the insurance companies just GIVE the doctors access to this computer program? Then would it be possible for either the doctor or the patient to input the diagnosis or the symptoms into this computer;  and then, the impartial computer can decide. The decision tree might be that (1) the doctor gets paid and the patient gets treatment — or (2) the patient ends up paying for 90+% of the treatment.

Yves has some additions to the 10 points against the POS legislation — one of which is the preexisting  conditions which can increase the cost of insurance. Since the Casinos Insurance company lobbyists are helping to write this Bill they want to make sure that they have the house  gamblers advantage. The odds are always in favor of the house and insurance companies are betting that they will become very very rich with this welfare bill for the Insurance companies. Hell they have the IRS to use as their money collectors. Evidence for this is that the sharp rise of the price of Wall Street (Stock Market) shares of Health Care Insurance Companies.

The next point added by Yves is the right of the insured to appeal an Insurance Companies denial of payment or coverage. Right now appeal is handled by STATE Insurance commissioners. But what Yves envision happening is that the States with the weakest health Insurance regulations and laws will be controlling health insurance for other states. Again it is that business of the bottom line and the Insurance companies will seek the best deal for the well-being of their CEO — who deserves a new home in Spain — don’t we understand this?

Here is a link to the “managers Amendment” to the Senate Health Care Bill. Just so we can see how the health care lobbyist are managing the welfare of their company’s bottom line.

Private Insurance has one goal — making money. So they are going to gamble that we won’t cost them more than we GIVE them in insurance premiums (or our companies pay for our insurance). If we cost them more than we pay, then it is in the interest of the bottom line to get rid of the drains on that bottom line. No offense — it isn’t about any PERSON — it is about the corporation (and the CEOs bonus and stock options and private planes and private dining rooms etc.)

If this POS health care bill passes — the US will have entered into the twilight zone full-time. The US will be a Nation — by, for and of the Corporations who are now full humans and as thus they are the superior life form (or will that be non-life form being superior to human life forms).

There is good news for the Goldman and Sachs employees who have bought firearms (guns and rifles) — your health insurance plans can not exclude you for the preexisting condition of being stupid and rich and living behind high walls and in lavish compounds (overseas, so your bonuses can’t be taxed — oops that would be the UK employees of Goldman Sachs.) That bit about gun owners not being excluded for the preexisting condition of lawful gun ownership is found on page 5 of the Managers Amendment to the POS health Bill. That must have been very important for the lobbyists to put that on page 5 of a 330+ page document.

The problem with writing about the POS legislation is that I now understand all too well about what Congress is doing to America. ALL of them — it doesn’t matter which party — all will be paid by the Insurance companies and all will retain their solid gold plate Health care insurance.

Perhaps I understand more about the nuts and bolts of this POS Bill because I do not own a TV and I don’t get my news filtered through the Corporate news media. I read the pros and cons and the Bill itself. Then also I’ve learned that if 0bama is for this POS Bill then he has been well paid to support those who put him in the Big White House.

Never trust a CON man from Chicago.




3 Responses

  1. There is no way that this short article covers all the dirty tricks and double dealings of the Lobbyist and congress critters in DC.

    All that crap coming from DC needs to be translated into Human language form from the mess in that “Health Bill”.

    It would seem that the Secretary of Health and Human Services has the main oversight for this Bill. This gives the HHS Secretary a whole lot of power — it would seem. No wonder ex-Senator Dashel wanted this plum of an appointment.

  2. It’s complicated, isn’t it? Besides reading all this gobblygook and still not knowing what will be in the final reconciled version of the bill, there are the unintended consequences. Or perhaps intended, who knows?

    Abortion isn’t specifically banned, but we all know that by excluding it from this bill, access will now be denied to all but the wealthy. Also, by not mandating that insurance companies must cover women’s basic health care needs, they won’t. Forget mammograms before you are 50 or over 70. New studies indicate they aren’t cost effective and do more harm then good, so end of story.

    I don’t know how the fine for not having insurance will work, but if it’s like other taxes, failing to pay it immediately will result in fees, penalties and interest. I can see struggling families getting a few years behind and winding up with tax liens on their homes. With the IRS, a thousand dollars can become ten thousand really quickly.

    And medicaid recapture, we’re looking at putting something like 15 million more people on medicaid, medicaid that states are mandated by the Feds to recapture from people’s assets.

    We’re also supposed to provide insurance to our children until they’re 27. I have no idea how that is going to work, but a single mother is going to have to stay poor so she can continue to get subsidies. She won’t have any other option. It’s hard enough for single women to provide themselves with insurance, let alone having to be responsible for their grown children.

    • I tried reading that Manager Amendment for loop holes and vagueness — which will be exploited — as if I worked for an Insurance Corporation. Well it is so obvious that we are screwed — and the families and individuals who are on the edge of poverty will likely be driven into poverty by the very people they put their trust in.

      Part of the results of the shock doctrine in the South American countries was the nearly virtual elimination of the middle class — in South Korea a lot of suicides resulted — murder suicides of whole families.

      This bill will be America’s shock doctrine.

      Looters are drooling.

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