Saturday, December 5, 2009

Forbes: Senate bill too slow, with too many giveaways

Well, maybe the Senate bill is not so good. If the insurance companies support it, it can only mean that they stand to gain.

Charges Sen. Jay Rockefeller (D): "The insurance industry gets to walk away with nearly half a trillion dollars in federal subsidies--without any requirement that they spend those federal dollars on medical care."

Writes Lenzner for Forbes:

The so-called "public option" to insure less healthy patients will cost "typically higher premiums than the average plan," figures the Congressional Budget Office, which estimates that only 3 million to 4 million people will be covered by the public option. That's only about one out of every 10 uninsured people. That's scandalous and reveals the influence of the powerful insurance and pharmaceutical industries. This is not anything approaching socialism, but it is the thumb in the eye of the people that were supposed to be helped.


The Horrendous Truth About Health Care Reform
By Robert Lenzner
December 4, 2009 | Forbes

You were right if you thought the insurance companies would emerge unscathed from what the government wants to call reform.

URL:
http://www.forbes.com/2009/12/04/cigna-unitedhealth-aetna-personal-finance-investing-ideas-humana-wellpoint.html?partner=alerts

No comments: