Wednesday, August 19, 2009

Is Obama Putting Lipstick on a Piggy Healthcare Insurers Profit Acceleration Bill?

The blog from journalist Susie Madrak is the only one I have seen which explains how Health Insurance Corporations and Wall Street (All Investors) are complicit in the demand for increasing profits forever with government subsidies. This corruption is never reported by the mainstream press/media.


Telling the truth "carelessly" will cost reporters and commentators their job. Olbermann and Maddow have been about the only television commentators that have come close to the line. They both get loads of advertisements including lucrative auto ads. Fox is viewed by 60 Percent of Republicans so they can repeat lies without flinching.


As I said before non-profit health insurers are certainly very profitable for the executives who receive very high salaries and bonuses. Only the government option is a viable mechanism for reform. Obama's advisors are from the Elite and Rich class, so they do not have the emotional feel for what is happening to the American people with or without Health Insurance.


Please Send your congresspersons and Senators Susie Madrick's blog. http://votesmart.org and zip code to contact your representatives. Calling is by far the best thing to read from a script, but develop some anger before you call so they will feel your emotions in your voice. Logic does not work because they are already all brainwashed to support Wall Street as we saw in spades with the bailout of banks and Wall Street.


If you think that high IQ means those people have good judgement, let me tell you a story. A Postal Worker was proud to be a member of MENSA, the genius society. One day at the time of no seat belts, he was in a minor accident as a passenger in a car and hit his head and lost conscience and did not wake up for several days. When he left the hospital, all he could think about is whether he can take the MENSA test and still be a member. He took the test and scored the same IQ as before.


In the old days without automation, judgement, planning, and organization was required of postal workers, a pre-frontal cortical brain function. I think we are getting more idiots out of the best schools because only Columbia University requires every student to take courses to read the classics to gain judgement about how humans think, love, rule, etc. No one person can gain this experience in everyday life either at work or play without reading a lot.


Wendell Potter at http://prwatch.org/ is one of the very few that mentions the fact that Wall Street Investors have our whole economy structured to keep maximizing profits every quarter, every year, and forever. Potter said that Aetna missed the profit expectations by one cent in one quarter and their stock went down 10 percent, a minor change in earnings and certainly not a loss.


The CEO lost his job and replaced by Ron Williams, the current CEO. He boosted profits by getting rid of all those people who were sick the previous year by raising the premiums to force them to leave. He got enormous bonuses and stock price mushroomed.


That means your tax dollars and mine will be used to pay subsidies to the big insurers to provide coverage to people who can't afford to buy their policies, because the big insurers charge far more than they should because Wall Street investors demand that they do. ... http://crooksandliars.com/susie-madrak/wendell-potter-says-fat-cats-are-winn [Bold from Madrick blog.]


That same article quoted a Wall Street analyst as saying that Aetna likely will dump about 600,000 policyholders during the coming months to satisfy its investors' unrelenting profit demands. ...


Williams, who made $65 million off of Aetna's policyholders' premiums over the past two years and who was the mastermind behind Aetna's shedding of eight million members a few years ago to meet Wall Street's demands, is the insurance industry's leading champion of requiring us all to buy insurance. And, of course, without a public option, we'll all be forced to buy coverage from Aetna or one of the other private insurers. ... http://crooksandliars.com/susie-madrak/wendell-potter-says-fat-cats-are-winn


Jim Kawakami, August 19, 2009, http://jimboguy.blogspot.com Health and Finance


Former CIGNA PR Chief Wendell Potter Very Angry Over Obama's Movement Away True Healthcare Reform

By Susie Madrak CrooksandLiars.com August 19, 2009 Former CIGNA PR chief Wendell Potter is very, very angry over Obama's movement away from true healthcare reform:

Not only is Obama clearly ready to throw the public option overboard, he is embracing the requirement that we all be forced to buy insurance from private insurers. That means your tax dollars and mine will be used to pay subsidies to the big insurers to provide coverage to people who can't afford to buy their policies, because the big insurers charge far more than they should because Wall Street investors demand that they do.

One of the people who undoubtedly talked Obama away from the public option and into supporting this mandate is his new BFF, Aetna CEO Ron Williams. Williams, who made $65 million off of Aetna's policyholders' premiums over the past two years and who was the mastermind behind Aetna's shedding of eight million members a few years ago to meet Wall Street's demands, is the insurance industry's leading champion of requiring us all to buy insurance. And, of course, without a public option, we'll all be forced to buy coverage from Aetna or one of the other private insurers. ... http://crooksandliars.com/susie-madrak/wendell-potter-says-fat-cats-are-winn

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