[Peace-discuss] Sell-out

[E. Wayne Johnson]

There's cowardice and graft involved as well.


On 9/9/2009 9:18 PM, C. G. Estabrook wrote:
> [Doug Henwood wrote this before tonight's speech.  --CGE]
>
> A friend pointed out to me earlier today that the market 
> capitalization—the value of all the outstanding stock—of the publicly 
> traded health insurers is about $150 billion. Add a little premium to 
> sweeten the pot and you could nationalize the lot of them for about 
> $200 billion. The total administrative costs of the U.S. healthcare 
> system, which are greatly inflated by all the paperwork and 
> second-guessing of docs’ decisions generated by the insurance 
> industry, are about $400 billion a year. Those administrative costs 
> are about three times what a Canadian-style single payer system would 
> cost. So that means we’d save about $250 billion a year by eliminating 
> the waste caused by our private insurance system.
>
> In other words, the nationalization could pay for itself in well under 
> a year.
>
> Will Obama propose anything like that? Of course not. Instead, he’s 
> going to propose that Americans be required to buy insurance, probably 
> with some government subsidies. So instead of euthanizing the private 
> insurance industry, Obama & the Dems are going to provide them with 
> tens of millions of new customers—compelled to by their product by 
> law, and with some degree of public subsidy. That’s lunacy.
>
> http://ipaccuracy.wordpress.com/
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