This Newsmax article says Obamacare gives insurance companies a Trillion dollars of subsidies. And Obama is promising more subsidies for insurance companies due to changes in the law, i.e., extending cancelled policies to cover Obama’s lie that people could keep their policies: “In an effort to extinguish a firestorm on another issue, the administration has offered to compensate insurers as an incentive for them to extend individual policies that were to have been canceled Jan. 1. The administration said it could provide financial assistance to certain insurers through a program under which the government will share in their losses and profits for the next three years,”
The New York Times says, “any such assistance [for insurance companies] would come on top of federal subsidies that the government plans to pay insurers to make coverage more affordable for low- and middle-income people under the new law. The Congressional Budget Office estimates that those subsidy payments will exceed $1 trillion over the next 10 years.” During Obama’s 2008 presidential campaign, he opposed Hillary Clinton’s idea for a mandate requiring all Americans to purchase health insurance. But after meeting with insurance executives who were drooling over the idea of forcing all people to buy their product, he changed his mind. This exemplifies the dishonest, opportunistic, cynical nature of Obama’s “hope and change”.
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. When the Supreme Court ruled Obamacare a Constitutional tax, he said the law would increase healthcare spending by two Trillion dollars and the law will “create winners and losers”. So when single payer becomes a reality, it will funnel Trillions of dollars into a highly consolidated cartel of price fixing 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%.
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.
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 didn’t read the healthcare bill, so they’re certainly not writing the legislation. Who writes it? Lobbyists and party staffers 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. From the beginning, the objective of Obamacare was to create a cartel of price fixing healthcare providers subsidized by taxpayers. And single payer will give cartels direct access to the U.S. Treasury.
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 Obamacare 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 pre-existing conditions. Ironically, it’s the coverage of pre-existing conditions that Democrats most often cite as Obamacare’s shining light of compassion. Obama and Rush work together spreading half truths intended to divide and conquer citizens on behalf of big government and big business fascists.
There’s an interesting connection between Obamacare and the global warming agenda. Bill Gates says, in order to save the planet from global warming, the U.S. needs to reduce CO2 emissions to “near zero”. In this video, he presents an equation that will achieve his goal of zero CO2 emissions. One of the factors in his equation is the human population. He said:
“The world today has about 6.8 billion people, and that’s headed up to about 9 billion. If we do a really great job on vaccines, healthcare, and reproductive services, we could lower that by perhaps ten or fifteen percent.”
Think about what he said, i.e., in order to save the planet from global warming caused by CO2 emissions, healthcare and vaccines will be used to reduce the human population. Bill Gates is a big supporter of Obamacare, so those who believe the lie that some form of death panels are not part of Obamacare, should reflect on Bill Gates statement. Using healthcare to reduce human population is something Nazi Germany would have done. This article titled “Obama Dooms Seniors to Ravages of Aging”, says seniors will have a lower chance of survival under Obamacare. The article is addressing section 3000A, which awards bonuses to hospitals that spend the least on elderly patients, and gives demerits to hospitals that spend more on seniors.
For real solutions that will allow states to provide affordable health care, check the section on Obamacare in the pdf file Knowledge is Power.