General Discussion
In reply to the discussion: "Obamacare confession." [View all]TrollBuster9090
(6,129 posts)Hahah! Well, that's an accurate statement, I have to say.
When they managed to 'negotiate' Obamacare with a Senate full of millionaires who have their campaigns subsidized by the HMOs, I assume the best they could do was 'negotiate' that they take no more blood than they already are. Thus, guaranteeing the HMOs their pound of flesh, while giving us unwashed masses a nice talking point. In fact, of the four HMOs, I think only ONE had a profit margin/overhead that was as high as 20%, while the others were between 15% and 20%. All the profit mandate might have done is to encourage ALL of them to jack their profit margin up to 20%. Nice going, guys.
I'm for Medicare for all! Medicare, despite servicing only the most expensive clients (the elderly), still has an overhead of only 3%! Mainly because they don't have to pay any Bill McGuire-type CEOs $1.4 BILLION in compensation.
BOOKMARK this guy on your computer. He's the poster child for why American healthcare costs more than twice as much per capita as any other country on Earth, while STILL leaving 30 million people uninsured.
http://en.wikipedia.org/wiki/William_W._McGuire