As I'm pulling the nine inch nail I just hammered into my head out, my question is not that Goldman Sachs has just done a huge mega maximum report for all the top major private health insurance companies to tell them that if they can just manage to:
A. Pay the Congressional Whores enough to put the kibosh on any reform at all, that this would be the best scenario they could possibly get or;
B. Pay the Congressional Whores enough to water down the bill so heavily that it would be just about as good as A.
My question is why the fuck would these private health insurance companies even pay Goldman Sachs who has all the money in all the world in all the banks for what they already knew to be true? Am I crazy? God that nail felt good (going in and coming out).
So if you can't believe it, then here is the 411 on what the Goldman Sachs report to the idiot private health insurance was all about:
A Goldman Sachs analysis of health care legislation has concluded that, as far as the bottom line for insurance companies is concerned, the best thing to do is nothing. A close second would be passing a watered-down version of the Senate Finance Committee's bill.
A study put together by Goldman in mid-October looks at the estimated stock performance of the private insurance industry under four variations of reform legislation. The study focused on the five biggest insurers whose shares are traded on Wall Street: Aetna, UnitedHealth, WellPoint, CIGNA and Humana.
The Senate Finance Committee bill, which Goldman's analysts conclude is the version most likely to survive the legislative process, is described as the "base" scenario. Under that legislation (which did not include a public plan) the earnings per share for the top five insurers would grow an estimated five percent from 2010 through 2019. And yet, the "variance with current valuation" -- essentially, what the value of the stock is on the market -- is projected to drop four percent. Things are much worse, Goldman estimates, for legislation that resembles what was considered and (to a certain extent) passed by the House of Representatives. This is, the firm deems, the "bear case" scenario -- in which earnings per share for the top five insurers would decline an estimated one percent from 2010 through 2019 and the variance with current valuation is projected to be negative 36 percent.
What the firm sees as the best path forward for the private insurance industry's bottom line is, to be blunt, inaction. The study's authors advise that if no reform is passed, earnings per share would grow an estimated ten percent from 2010 through 2019, and the value of the stock would rise an estimated 59 percent during that time period.
The next best thing for the insurance industry would be if the legislation passed by the Senate Finance Committee is watered down significantly. Described as a "bull case" scenario -- in which there is "moderation of provisions in the current SFC plan" or "changes prior to the major implementation in 2013" -- earnings per share for the five biggest insurers would grow an estimated ten percent and the variance with current valuation would rise an estimated 47 percent.
http://www.huffingtonpost.com/...
The report is 17 pages long and is on a PDF format and has a statement from Goldman Sachs on the document that states:
The study does note on the front page that the firm "does and seeks to do business with companies covered in its research reports." Those companies include Aetna, Wells Point and United Health.
No shit Sherlock, of course Goldman Sachs 'seeks to do business' with all the 'death by Spreadsheet' bloodsuckers from hell. And don't cha just wonder how much these idiots actually PAID Goldman Sachs to state the obvious?
Let's take a guess? How much do you think this report cost? Put down your estimates in the comments section. It is not even worth a poll. I'm just curious as hell. My guess is about $ 750,000.00, give or take.
And I could have done that report...it would have been one page that said:
Keep paying all those Syphilitic Congressional Souless Whores all that money that is dripping with the blood and deaths of millions of Americans, and soon or a later, you will most definitely get what you want, which is more and more Americans, (that are by the way are your neighbors, your friends, your countrymen) dying and going bankrupt into eternity.
Because no matter what that Oh So Proper 17 Page Report by Goldman Sachs (who are currently and frantically bundling Life Insurance Policies to use as their new trip to Vegas gambling tool) in the end, no matter how 'spiffy and cool and calculated all the pretty numbers and grafts' look on "Americas Managed Care" report with the large square GOLDMAN SACHS COMPANY EMBLEM proudly placed on the top of the report, what it is really saying is:
Suck your countrymen to death, no matter what the cost, no matter what the pain, no matter if it ends up bankrupting the entire nation, no matter if you might have a bit of a hard time explaining it to your children what you really do for a living, or can't understand why you have constant insomnia, or looking at yourself clearly in the mirror in the morning to see who you have really become, because after all....its just business, and everyone knows by now that:
GOLDMAN SACHS IS DOING GOD'S WORK.
In an interview with The Sunday Times of London, the cocky chief of Goldman Sachs said he understands that a lot of people are "mad and bent out of shape" at blood-sucking banks.
"I know I could slit my wrists and people would cheer," Lloyd Blankfein, the C.E.O., told the reporter John Arlidge.
You are right about that Lloyd, millions of Americans would cheer and I would be in row number one screaming the loudest at you throwing you the sharpest razor I could find.
And the beat goes on:
As one former Goldman banker told Arlidge, the culture there is "completely money-obsessed. ... There’s always room — need — for more. If you are not getting a bigger house or a bigger boat, you’re falling behind. It’s an addiction."
It’s an addiction that Washington has done little to quell. President Obama has not been strong on the issue, and Timothy Geithner coddles the wanton bankers whenever they freak out that they might not be able to put in their new pools next summer.
The bankers try to dismiss calls for regulation as populist ravings, but the insane inequity of it cannot be dismissed.
No sooner had the Senate Banking Committee Chairman Chris Dodd announced his plan to overhaul financial regulation Tuesday than compensation experts declared it toothless.
The banks and their lobbyists wheedled concession after concession out of Washington and knocked down proposed inhibition after inhibition. Now the banks are laughing all the way to the bank.
http://www.nytimes.com/...
Good thing Chris Dodd is 'on the job' ......GAK, DOUBLE GAK.
So the Bankers are laughing all the way to the bank as they happily feed their addictions to stealing every thing they haven't already stole, as the Congressional Whores hold out their hands for their 'cut' of the deal.
Now, where did I put that nail and hammer, it's time to shake the insanity our of my head again.
You know, shit in, shit out....