The Health Insurance Industry: The Greatest Debt Threat

[marmar]

from the Working Life blog:



The Health Insurance Industry: The Greatest Debt Threat
by Jonathan Tasini

Monday 14 of December, 2009


The drumbeat about the long-term debt is continuing. But, we are not having a serious debate about the origins of the debt or its solutions. If you want to address the long-term debt, the only solution is a "Medicare For All" system that kills the private health insurance industry.

The newest alarm is being sounded by "deficit hawks" in the Democratic Party:

With the increased spending and more red ink provoking new Congressional alarm, a group of Democratic deficit hawks was insisting that Congress and the White House agree to new efforts to rein in the deficit or they would block a large increase in the debt limit...

"There are a number of us who feel very strongly that this is the moment we can get some kind of concession," said Senator Claire McCaskill, Democrat of Missouri and one of a group of lawmakers who met in the Capitol over the weekend to plot strategy.

She and others said they wanted a vote on a new proposal to create a bipartisan, independent commission to recommend spending cuts and revenue increases to pare the deficit. Others want an agreement by Congress to follow "pay as you go" rules when considering legislation.

I say this respectfully: the moment the Congress passed a bill that did not take seriously the economic facts--that only a "Medicare For All" option would relieve the economy of crushing health care costs--we were guaranteeing a transfer of health care costs and a huge debt burden...

but...not from the older generation to the younger generation--as the deficit hawks like to contend--but from the younger generation to future generations that come after them. ........(more)

The complete piece is at: http://www.workinglife.org/blogs/view_post.php?content_id=14625

[msongs]

1. file under "Change you can.....forget about" lol nt

[jtrockville]

2. These "pay as you go" rules they speak of. Do they apply to war?

[Faryn Balyncd]

3. And the first thing we must do is kill this corporate welfare pseudo-HC "reform" FARSE.