You are currently browsing the daily archive for March 19, 2010.

Both Wall Street (Goldman Sachs & friends) and insurance CEOs installed Obama in the White House. Contrary to appearances, insurance was more of an insider, so their deal was better.

Wall Street got their bailout out our tax money. It was money that we owed anyway. true, we expected it to be used for public service, roads, national security and instead it was diverted to Obama’s cronies. So we are robbed, but indirectly.

Now the so called “healthcare reform” which is neither reform, nor does it have anything to do with healthcare is a little more brazen. They are not after your tax money. They reach int your pocket outright, taking money you would have spent on food and such.

They are simply using the government as legislator and enforcer to feed on your assets.

What do you get for it? Nothing useful, really. You get a coupon towards your healthcare costs. What kind of coupon depends on what caste you belong to.

Taking from the universally loathed Romneycare, 2 castes are created: The gold, the silver and the bronze citizens.

The gold citizens, who have more money then you, get the better coupons – 80% of their costs are covered for the money they have to pay.

The bronze citizens get coupons for only 60%. In most cases, they might as well get the “you may have already won” certificates, as in no way they can afford the reminder of 40%. So, they’ll end up paying the insurers but getting no healthcare.

This will go without saying to those vaunted helped by this wealthcare.

If you’re poor enough to qualify for subsidies, you certainly cannot afford the 40% co-pay. The subsidies only help with premiums.

Anything that may have contained the rise in premiums, costs was dangled in front of us and taken away like Charlie Brown’s football and then taken away. Except for single payer. That was never dangled.

For illustration, here’s the last one

In what is likely to be one of the last acts of health care reform kabuki theater, the role of the football will be played by President Obama’s proposed National Insurance Rate Authority. As always, the role of the Lucy shall be played by the Senate.

The role of the football has previously been played by direct Medicare drug price negotiation, the public option, Medicare buy-in, 90% minimum medical loss ratio, and a national exchange. Not surprisingly, the Huffington Post is reporting that the Rate Authority will likely be dropped because it can’t survive the Byrd rule in a reconciliation bill.

Like previous provisions that have played the role of the football, the National Insurance Rate Authority was a smart-sounding, progressive idea put forward to make people feel more kindly toward the health care bill, only to see it pulled away at the last minute.

Just like the banks that created the crisis were rewarded with our tax money, so were the insurance companies – they” syphon their reward directly from your pocket, the IRS will just enforce it.

There were sharks in the pool so the solution was to shove everyone in there.

oh, and as for that promise that if you have insurance, nothing will change – don’t be so sure.

Insurers fought against employers mandates. After this wealthcare reform passes, watch for your employer to wiggle out of what they give you. No, they wo’t give you a 3000% increase either, as Obama promised.

Also, this bailout encourages insurers to avoid the sick. For the next 4 years they will take your money and won’t even pretend to change their policy on preexisting conditions. Not if you are an adult. In 4 years they’ll either seek and get an amendment or simply kick sick people out with prohibitive prices – that’s not controlled.

And if you are on Medicare? The cuts will make your coverage less and less accepted by doctors. And its privatization is only a matter of time.

As for women? oh, well, the Nelson amendment makes sure anti-choice laws are OK and women are officially discriminated against.

But hey, enjoy it! It will be an unprecedented victory! Historical and everything.


I wanted to include the link to Jane Hamsher excellent fact sheet

a sample



1. This is a universal health care bill.
The bill is neither universal health care nor universal health insurance.

Per the CBO:

  • Total uninsured in 2019 with no bill: 54 million
  • Total uninsured in 2019 with Senate bill: 24 million (44%)
2. Insurance companies hate this bill

This bill is almost identical to the plan written by AHIP, the insurance company trade association, in 2009. The original Senate Finance Committee bill was authored by a former Wellpoint VP. Since Congress released the first of its health care bills on October 30, 2009, health care stocks have risen 28.35%.

Although Stars and Stripes still harping on their war as if anyone cares with a Doh! headline

WaPo (Rahm’s outlet) has its usual “in your face” coverage: “It’s a mostly sunny revenue forecast, a chance of pain”

they didn’t mention who is in for the revenue and who is in for the pain – but we have an idea

Washington Times gives us the GOP playbook in trying to derail this

Obama Times has a disturbing front page image that goes with this article

and of the others, the Daily News manages to squeeze a “Bam” headline atop the Tiger coverage – a masterpiece of context


Not Your Sweetie