The tide has turned on our economy. Millions of Americans are out of work. The real estate market is in the toilet and consumer confidence is at an all time low. Our nation's current economic picture is very similar to what was happening in 1930s Germany, a country that was especially hit hard by the Depression that also rocked America in 1929.
The time is ripe to rise up against the corporations. You know those legalized collections of people who like to make a profit. It seems profit is a bad thing now.
I guess we're lucky that the Democrats have control of our state and national economy because we all know only the Democrats care about the working class...the little people like you and me...
In the midst of all this economic crisis, our country is focused upon "reforming" our nation's health care system. Many people, it seems, are fed up with the greedy insurance companies that would rather focus on profits than healing the sick. But beyond the sound bites and the rhetoric of Nancy Pelosi are some inconvenient truths.
Take, for example, the following nuggets of information that you will not hear from the folks at Change for America or Michael Moore, who is making a pretty penny on his latest movie, which did not use union workers.
The time is ripe to rise up against the corporations. You know those legalized collections of people who like to make a profit. It seems profit is a bad thing now.
I guess we're lucky that the Democrats have control of our state and national economy because we all know only the Democrats care about the working class...the little people like you and me...
In the midst of all this economic crisis, our country is focused upon "reforming" our nation's health care system. Many people, it seems, are fed up with the greedy insurance companies that would rather focus on profits than healing the sick. But beyond the sound bites and the rhetoric of Nancy Pelosi are some inconvenient truths.
Take, for example, the following nuggets of information that you will not hear from the folks at Change for America or Michael Moore, who is making a pretty penny on his latest movie, which did not use union workers.
According to a PricewaterhouseCoopers’ study, in 2007 health plans had an average profit margin of 3% (THREE PERCENT)
According to a study by RAND Health for the California HealthCare Foundation “…medical costs explain nearly 89 percent of [health plan] revenue increases.”
According to Kaiser Health News (not exactly a bastion of conservative thought), “the major causes of health care’s escalating costs are the rising prices and the increased use of medical services, including hospital stays, prescription drugs, new technologies and doctor visits.”
According to CMS data, over 40 years, the real costs of private health insurance have grown at an annual rate of 5.2 percent. Benefits, as measured by the cost of health care services to members, have grown at real rate of 5.3 percent over the same time period. Administrative costs have grown more slowly, at a real rate of about 4.9 percent since 1966.
According to Kaiser Health News, “With the nation’s health care spending estimated at $2.5 trillion this year, even the elimination of insurers’ profits and executive compensation would lower health care spending by just 0.5 percent.”
In 2006, health plan profits of the top 10 for profit health plans accounted for 0.5%of total health care spending; in 2007, 0.6%; and, in 2008, 0.5%.
Well, there you go. There's no question that our current system needs reform and that working Americans should have access to adequate and safe health care, but Congress ought to focus on solving the problem instead of stirring the class warfare pot. Putting the health insurance companies out of business will create another huge void in the private sector, put millions of people out of work and further grow our escalating federal government that has already put the moves on banking, automotive manufacturing and the mortgage industries.
If you trust the federal government to take care of you, ask yourself: Would I want to live in public housing? Do I prefer public transportation? Even if you answer YES to both of those questions, ask a native American how well it worked out trusting the federal government.
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