General Discussion
In reply to the discussion: Every American citizen is now required to help make insurance corporations richer. Enjoy! [View all]sabrina 1
(62,325 posts)The only reason any reform of the HC system was allowed was because the Insurance Industry was losing money. The more people who lost their jobs, the less money they were making. So something had to be done and they did it. They funneled Public Funds, Medicaid, eg through the hands of the HC Corps and saved themselves from the extinction. Public funds for the poor, now passing through their hands, and the Mandate to force the just barely above the poverty line poor, to now have to pay THEM for premiums they may never be able to use because of the high co-pays.
But millions of those kinds of, now mandated, payments to the Ins Corps translate into huge profits for an industry that was running out of money.
Wendell Potter explained the reaction of the Ins Corps when they saw footage of poor Americans lining up for free clinics, the kind that usually operate in Third World Countries. Asked if it made them feel guilty, he said 'no, what they saw was a huge market'. But who would pay for those people's premiums? The Medicaid Fund and Mandated Insurance for the lower income working class. The trick was to get it into the hands of the Ins Corps so that on the way to the poor, they could take out 20% for profit.
I'm glad the bill was not overturned, but the jumping for joy that it is a win for the people, is a little hard to understand. It is first and foremost a win for the the Big Corps, with some crumbs for the little people.