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Congress on Path to Transfer Hundreds of Billions in Tax Dollars to the Insurance Industry While Calling it Health Care

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opednews.com Headlined to H2 6/12/09

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Single payer witnesses show the common sense path, but Congress listening to industry donors

 

 

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Yesterday, as Senator Tom Harkin (D-IO) left the health care hearing room he leaned over to me and said: 

 

“I used to sell insurance.  The basic rule is the larger the pool the less expensive the health care.  Today we have 1,300 separate pools – separate health care plans – and that is why health care is so expensive; 700 pools would be more efficient and less expensive and one pool would be the least expensive.  That’s why single payer is the answer.”

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Nothing like common sense.

 

But, common sense was not on display in the Senate yesterday.  Instead, the senate is seeking a path to the goal of universal coverage by protecting the least efficient model – the for-profit insurance industry that through waste, fraud, abuse and bureaucracy eats up 31% the cost of health care. 

 

Chris Dodd (D-CT) who chaired the hearing, standing in for the ailing Ted Kennedy, has received $2.1 million from insurance industry throughout his career, another $547,000 from the pharmaceutical industry, and $467,000 from health care professionals. Dodd opened the hearing stating the stark facts:

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We spend more than $2 trillion on health care every year- more than 18 percent of our GDP. By 2040, 34 cents of every dollar we spend could be on healthcare. That is not simply unacceptable – it’s unsustainable. Premiums and out-of-pocket costs for individuals and families alike continue to skyrocket.

 

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http://www.ItsOurEconomy.us and http://www.ComeHomeAmerica.U
Kevin Zeese is co-chair of Come Home America, www.ComeHomeAmerica.US which seeks to end U.S. militarism and empire. He is also co-director of Its Our Economy, www.ItsOurEconomy.US which seeks to democratize the economy and give people greater (more...)
 

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