Skip to main content

(I haven't heard much about this in the health care debate, so if others have been addressing it, by all means please post links to those articles or diaries. The more the merrier!)

Remember how Wall Street and the banks and their allies like Phil Gramm got deregulation through Congress in part by saying the financial casino gamblers needed freedom for "innovation"?

Remember how the post-Watergate campaign finance reforms seemed at the time like they would clean up politics, only to leave the giant soft-money loophole big enough to drive a truck through?

Big Money ALWAYS finds a way around whatever law you write.

That kind of "innovation" is a major reason why we need a an "extended Medicare option," "public option," "nonprofit option," "federal health insurance plan" -- whatever you care to call it.

No matter how strong the consumer protections seem that get included in the bill, whatever promises the insurance companies make -- without , the health insurance industry will find ways around all of those protections and we will be shafted UNLESS we have the nonprofit option to provide true market discipline.

Wall Street's demands for ever-higher profits and their own greed will make it happen. So they won't be allowed to drop people for preexisting conditions anymore. They'll find some other way to drop or drive away unprofitable people -- you know, people who get sick or shot or hit by a car.

Look at Kennedy-Kassebaum. The health insurance industry figured out how to "innovate" its way right around that one.

People ages 19 to 64 need a health plan that isn't driven by profit, a health plan that won't be looking for new ways to weasel out of actually covering people when they need it, a health plan that will be accountable to we the people through our elected representatives instead of Wall Street and overpaid CEOs.

Originally posted to Ben Turner on Thu Sep 03, 2009 at 04:29 PM PDT.

Poll

Do you trust the health insurance industry to do the right thing without facing competition from the public option?

11%3 votes
18%5 votes
40%11 votes
29%8 votes

| 27 votes | Vote | Results

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site