« I love Europe, but I despair of the EUU.S. media overlook obvious explanation for Maj. Nidal's mass murder »

Why I Voted NO

November 9th, 2009

Dennis Kucinich

We have been led to believe that we must make our health care choices only within the current structure of a predatory, for-profit insurance system which makes money not providing health care. We cannot fault the insurance companies for being what they are. But we can fault legislation in which the government incentivizes the perpetuation, indeed the strengthening, of the for-profit health insurance industry, the very source of the problem. When health insurance companies deny care or raise premiums, co-pays and deductibles they are simply trying to make a profit. That is our system.

Clearly, the insurance companies are the problem, not the solution. They are driving up the cost of health care. Because their massive bureaucracy avoids paying bills so effectively, they force hospitals and doctors to hire their own bureaucracy to fight the insurance companies to avoid getting stuck with an unfair share of the bills. The result is that since 1970, the number of physicians has increased by less than 200% while the number of administrators has increased by 3000%. It is no wonder that 31 cents of every health care dollar goes to administrative costs, not toward providing care. Even those with insurance are at risk. The single biggest cause of bankruptcies in the U.S. is health insurance policies that do not cover you when you get sick.

But instead of working toward the elimination of for-profit insurance, H.R. 3962 would put the government in the role of accelerating the privatization of health care. In H.R. 3962, the government is requiring at least 21 million Americans to buy private health insurance from the very industry that causes costs to be so high, which will result in at least $70 billion in new annual revenue, much of which is coming from taxpayers. This inevitably will lead to even more costs, more subsidies, and higher profits for insurance companies - a bailout under a blue cross.

By incurring only a new requirement to cover pre-existing conditions, a weakened public option, and a few other important but limited concessions, the health insurance companies are getting quite a deal. The Center for American Progress' blog, Think Progress, states, 'since the President signaled that he is backing away from the public option, health insurance stocks have been on the rise.' Similarly, healthcare stocks rallied when Senator Max Baucus introduced a bill without a public option. Bloomberg reports that Curtis Lane, a prominent health industry investor, predicted a few weeks ago that 'money will start flowing in again' to health insurance stocks after passage of the legislation. Investors.com last month reported that pharmacy benefit managers share prices are hitting all-time highs, with the only industry worry that the Administration would reverse its decision not to negotiate Medicare Part D drug prices, leaving in place a Bush Administration policy.

During the debate, when the interests of insurance companies would have been effectively challenged, that challenge was turned back. The 'robust public option' which would have offered a modicum of competition to a monopolistic industry was whittled down from an initial potential enrollment of 129 million Americans to 6 million. An amendment which would have protected the rights of states to pursue single-payer health care was stripped from the bill at the request of the Administration. Looking ahead, we cringe at the prospect of even greater favors for insurance companies.

Recent rises in unemployment indicate a widening separation between the finance economy and the real economy. The finance economy considers the health of Wall Street, rising corporate profits, and banks' hoarding of cash, much of it from taxpayers, as sign of an economic recovery. However in the real economy - in which most Americans live - the recession is not over. Rising unemployment, business failures, bankruptcies and foreclosures are still hammering Main Street.

This health care bill continues the redistribution of wealth to Wall Street at the expense of America's manufacturing and service economies which suffer from costs other countries do not have to bear, especially the cost of health care. America continues to stand out among all industrialized nations for its privatized health care system. As a result, we are less competitive in steel, automotive, aerospace and shipping while other countries subsidize their exports in these areas through socializing the cost of health care.

Notwithstanding the fate of H.R. 3962, America will someday come to recognize the broad social and economic benefits of a not-for-profit, single-payer health care system, which is good for the American people and good for America's businesses, with of course the notable exceptions being insurance and pharmaceuticals.

¤ ¤ ¤ ¤ ¤

Source:
http://kucinich.us/
http://kucinich.house.gov/

Kucinich's Brave Health Vote vs. Obama's Failed Promise

No feedback yet

Voices

Voices

  • Paul Craig Roberts The Democrats are set to steal the election. They have everything in place except enough votes to hide their theft. Watch the video of the Trump Grand Finale, listen to the speeches by Robert Kennedy and Tucker Carlson. Marvel at the…
  • Joe Scarborough recently resigned from Congress unexpectedly, soon after a divorce and amid rumors about his marital fidelity Reader Comment Posted December 18, 2001 FORT WALTON BEACH, Fla. - Lori Klausutis, a 28-year-old office worker for Rep. Joe…
  • Paul Craig Roberts Democrats Continue to Block All Efforts to Restore Electoral Integrity. Some Democrat courts rule contrary to the law on the books. The Democrat Nevada Supreme Court ruled contrary to law that non-postmarked ballots that arrive 3 days…
  • Chernobyl, Atomic Tests and Depleted Uranium Warfare Downwinders by Tracy Turner, with Doug Rokke, Libby Halevy, and Arni Gunderson. Infrared of German Dissidents Protesting a Nuclear Freight Train Hauling Nuclear Isotope Toxins. 8 grams of some…
  • Chris Spencer The political astroturf of the United States has been fractured by figures described as "saviors." The political careers of Barack Obama and Kamala Harris epitomize that trend in clay-feet "gods" and "goddesses." Both have cultivated…
  • Most of the world of Arabs for some four centuries consisted of provinces under the Ottoman Empire (Sultanate). by Dr. Vladislav B. Sotirović  The world of Arabs (the WoA), as a distinctive part of the globe, is of extreme significance for both global…
  • by Tracy Turner The Looming Crisis: Oil Addiction and Agricultural Collapse Threaten Global Food Security By 2054: Expected global oil depletion. 2007-2017: Olive biodiesel could have mitigated crises caused by reliance on fossil fuels. Estimated…
  • 41,909 bodies counted, 10,000 missing, death count higher than 51,909 David Swanson, World BEYOND War We generally accept that if you do a census and only count the people who answer their doors you miss some people, and that you can calculate an…
  • Kamala Harris represents a militant, in-your-face feminism... Cathy Smith Kamala Harris is an intensely divisive figure in contemporary politics—an incandescent icon for some, an ongoing disappointment for many others. As the first-ever woman Vice…
  • A geopolitical issue of South-East Europe became of very importance for scholars, policymakers, and researchers with the question of the dismemberment of the Ottoman Empire as one of the most crucial features of the beginning of the 20th century in…
November 2024
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

  XML Feeds

powered by b2evolution
FAIR USE NOTICE: This site contains copyrighted articles and information about environmental, political, human rights, economic, democratic, scientific, and social justice issues, etc. This news and information is displayed without profit for educational purposes, in accordance with, Title 17 U.S.C. Section 107 of the US Copyright Law. Thepeoplesvoice.org is a non-advocacy internet web site, edited by non-affiliated U.S. citizens. editor
ozlu Sozler GereksizGercek Hava Durumu Firma Rehberi Hava Durumu Firma Rehberi E-okul Veli Firma Rehberi