Monday, September 21, 2009

First aid

Need any further evidence that the Senate Health Reform bill is largely a sham and just a slightly reworked corporate welfare plan?

Think Progress' Igor Volsky reports that, "Following Baucus' announcement, HealthNet shares increased by 3%, United Health Group Inc shares rose by 2.7%, Humana Inc. grew by 2.6%, Wellpoint stock gained 1.7% and Aetna Inc rose 1.6%."

From Jason Linkins at the Huffington Post: "Max Baucus was paid handsomely (in campaign contributions) by the health care industry to deliver a health care reform bill that only the health care industry could possibly love. Well, mission accomplished! As Julie Hirschfield Davis reports for the Associated Press today, the Baucus plan 'gives health insurers, drug makers and large employers reasons to heave sighs of relief, sparing them the higher costs and more burdensome rules included in other Democratic-written alternatives.'"


Socialize the risk, privatize the profits.

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