Health insurance companies are in large part responsible for causing prices to rise, claims to be denied, policies to be canceled, and coverage altogether excluded. They have made a killing operating under a "murder by spreadsheet" ethos.
Last night, we learned that the industry responsible for bankrupting, neglecting, endangering our health and allowing us to die is being REWARDED for bad behavior.
The healthcare insurance industry is set to receive an additional 30+ million customers by MANDATE, with no policy cost controls in place. Plan rates increased almost threefold since 2001, and are projected to continue rising.
The administration found a way to delicately thread reform in a way that rewarded corporations, without offering a true alternative to the system that got us where we are today. The crumb brushed off the table is "tax credits" for people who can't afford to pay the high prices insurance companies charge for coverage.
Health insurance companies will be rewarded with 30 million new customers under the proposal -- mandated by law.
We only call it protectionism when the poor and working class benefit. But when government protects industry by requiring every citizen buy thier overpriced products, they just call it "the free market".
With no public option to compete, this IS welfare for corporations.