Who stands to profit with ObamaCare?


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So the Union thugs are starting to show up in force. Liberal lawmakers are holding “Prayer Vigils” for Health Care as a way to avoid debates. As well, a lot of noise is being made about people making profits from Health Care, why you should hate them, and why you should be afraid. And once again, I have to come in and point out what all that fuss avoids. Who exactly stands to profit from ObamaCare? The answers come from the right and the left.

Barack Obama declared a big victory in his attempt to nationalize the health-care industry when he got the backing of the pharmaceutical industry by promising that government would not in price negotiations and make Big Pharma pay more of the bill. Billions are at stake here. Big Pharma wouldn’t have endorsed this plan if it hadn’t been given this massive break. The exposure of this agreement “could prove embarrassing” to Obama and his administration who have gone out of their way to demonize an industry that saves millions of lives.

From The Peoples Voice

Obamacare: A Health Care Rationing Scheme to Enrich Insurers, Drug Companies and Large Hospital Chains

The administration and lawmakers have been unresponsive in moving ahead with House and Senate legislation to enrich health insurers, Big Pharma, and large hospital chains. It will ration care, curb expensive treatments and surgeries for those who can’t afford them, leave millions in the country uncovered, deny it altogether to undocumented immigrants even though they pay income, payroll and other taxes, and claim it’s real reform like they always do.
Over the next decade, Medicare and Medicaid may lose over $600 billion in funding with recipients, of course, making up the difference or foregoing care. About $317 billion is proposed for “efficiencies” with another $313 billion in cuts for hospitals that treat the poor and uninsured. Many of them are already severely strapped as unemployment soars, charitable donations are down, expenses rise, vital services and staffs have to be cut to stay afloat, and growing numbers won’t make it as economic conditions worsen.

Instead of helping to fill budget gaps, Obama plans less aid to shut them down. It will leave some areas dependent on more distant ones for treatment, and let large chains consolidate for greater dominance. Accessible quality care will be less available and affordable so, of course, patients will lose out – mostly the elderly, chronically ill, those on society’s lower rungs, and all working Americans because an uncaring administration and Congress threw them overboard for profit and “efficiencies.” If “Obamacare” passes, most working people, the disadvantaged, and those singled out as less important will experience large rollbacks in quality, readily accessible coverage. For them, future health problems will be more hazardous than ever because a callous nation doesn’t care.

Then there is the massive sop to Union Labor Health Care.

Labor costs account for about half of state and local spending, according to BLS and Census data. Benefits consume a growing share of that, now 34%.
The rest of the two-thirds of the population under age 65 with employer-provided health insurance be darned, sayeth the Democrats with the union label.

And, of course, the Democrats favorite group to benefit, Trial Lawyers.

Just before the House leadership’s 794-page health care reform bill went to a Ways & Means markup last Thursday, a remarkable provision was slipped in that amounts to one of the more audacious and far-reaching trial lawyer power grabs seen on Capitol Hill in a while. The provision would widen the scope of lawsuits against what are known as Medicare third-party defendants. The language slipped into the health bill would greatly expand the scope of these suits against third parties, while doing something entirely new, namely allow freelance lawyers to file them on behalf of the government–without asking permission–and collect rich bounties if they manage thereby to extract money from the defendants. Lawyers will recognize this as a “qui tam” procedure, of the sort that has led to a growing body of litigation filed by freelance bounty hunters against universities, defense contractors and others alleged to have overcharged the government.

Do you really think any of this ObamaCare is going to reduce costs? It won’t get passed without enriching the pockets of Obama donors and Big Companies who go along. So you can worry about who gets rich now, or later. ObamaCare promises nothing else.


About Terry Crowley