"Deal" Looks like An Insurance Policy For InsurCorp Profits

Tweet

Soon after President Obama spoke to members of Congress about the need to pass health care reform, Senate Democrats struck a "deal."

Capital Times editorial Excerpt:
Their negotiators struck a tentative agreement Tuesday night to eliminate the “public option” -- the controversial but necessary plan to set up a government-run insurance program to provide competition (and an incentive to hold down costs) for private insurers.

Not only did they drop a genuine public option choice from the reform package, they caved into Insurcorp even further by alleviating the number-crunching profit mongers of their most unprofitable and risky customer base, the 55 to 64 age group. What can we expect next? How about the government making private health insurance mandatory (remember there's no public option) for the remaining UnMedicared constituency, the 18 to 54 age group? I mean, what privately held for-profit insurance company would oppose having their most troubled assets socialized at the same time are guaranteed a cash pool expansion among the least risky?

Expect huge health insurance company profits. That’s the change we got.

Wanda Sykes: "Mr. President, remember 'yes we can, yes we can?' Well, I wish you would."