from Truthdig:
Health Care: Change the DebatePosted on Jul 15, 2009
By Rep. Dennis Kucinich
In mid-May, in an effort to reach consensus, President Obama secured a deal with the health insurance companies to trim 1.5% of their costs each year for 10 years, saving a total of $2 trillion, which would be reprogrammed into health care. Just two days after the announcement at the White House, the insurance companies reneged on the deal that was designed to protect and increase their revenue at least 35%.
The insurance companies reneged on the deal because they refuse any restraint on increasing premiums, co-pays and deductibles—core to their profits. No wonder a recent USA Today poll found that only 4 percent of Americans trust insurance companies. This is within the margin of error, which means it is possible that no one trusts insurance companies.
Then why does Congress trust the insurance companies? Recently, HR 3200 “America’s Affordable Health Choices Act,” a 1,000-page bill, was delivered to members. The title of the bill raises a question: “Affordable” for whom?
Of $2.4 trillion spent annually for health care in America, fully $800 billion goes for the activities of the for-profit insurer-based system. This means one of every three health care dollars is siphoned off for corporate profits, stock options, executive salaries, advertising, marketing and the cost of paperwork (which can be anywhere between 15 to 35 percent in the private sector as compared to Medicare, the single payer plan which has only 3 percent administrative costs). ............(more)
The complete piece is at:
http://www.truthdig.com/report/item/20090715_healthcare_change_the_debate/