Supporters of Obamacare claim the program is based on an altruistic desire to provide affordable healthcare for all Americans. Opponents of Obamacare say it’s a leftist attempt to put the “private” healthcare industry out of business. Both sides are lying. In a moment of weakness, former Democrat National Committee chairman, Howard Dean, told the truth. Oops! Prior to the Senate passage of Obamcare in December 2009, Dr. Dean said the bill should be “killed”. Why? He said the bill was written by Democrat staffers on behalf of insurance companies. The example he gave to illustrate his position was the high cost of insurance for those with preexisting conditions. Ironically, it’s the coverage of preexisting conditions that Democrats most often cite as Obamacare’s shining light of compassion. What a tangled web they weave when at first they practice to deceive.
June 28, 2012, the Supreme Court ruled Obamacare Constitutional because it’s a government tax. But who controls government? Is it average citizens who impose their will on government by voting, or is it K Street lobbying firms who buy and sell elected officials with unlimited campaign contributions? We know members of Congress don’t read the bills they pass, so they’re certainly not writing the legislation. Who writes it? Lobbyists write tax policy just as they wrote the healthcare bill, which by extension gives corporate lobbyists unlimited power to tax. So the Supreme Court ruling gave fascist multinationals and their bipartisan cronies unlimited power to tax U.S. citizens. The DOW the closed down the day of the ruling but rose 277 points the following day. In my opinion, traders were celebrating a victory for fascism.
Rush Limbaugh says the government objective is single payer, and he’s correct. But single payer does not mean government will be the sole provider of healthcare services. Charles Boorady is co-head of Credit Suisse healthcare investments. On the day of the Supreme Court ruling, he said Obamacare will increase healthcare spending by two Trillion dollars and the law will “create winners and losers”. So if single payer becomes a reality, it will funnel Trillions of dollars into a highly consolidated cartel of healthcare providers. Evidence of this came a few days after the Supreme Court ruling when CNBC reported that healthcare giant Wellpoint acquired Amerigroup. Wellpoint paid 4.9 billion, a 43% premium over the previous trading day’s stock price. On the same day, Morgan Stanley’s healthcare industry index was up over 9%. Obama and Rush work together spreading half truths intended to divide and conquer citizens on behalf of Big Government and Big Business fascists.
CNBC reported that Wellpoint’s acquisition of Amerigroup will significantly increase their share of the healthcare market. So Obamcare is directly responsible for further consolidation in the healthcare industry, which means less competition and higher prices for consumers. Oops! There goes the affordable part of Obama’s Patient Protection and Affordable Healthcare Act. Jim Chanos is a hedge fund manager and founder of Kynikos, one the largest investment firms specializing in short selling. In a recent interview, he said after looking at Obamacare, “we covered our shorts” because the bill was going to be positive for healthcare providers. He said the U.S. pays “twice” as much for healthcare than any other country and attributed this to the healthcare industry. Chanos said the industry gets “over 50% of its revenue” from government, and yet, “they have profit margins twice that of the S&P 500″. In other words, the health care industry makes profits double that which the market can bear because Obamacare is a massive subsidy. The interview is about 15 minutes, his comments on healthcare come at 13:05.
For real solutions that will allow states to provide affordable health care, go to my pdf file Knowledge is Power.