Wednesday, November 11, 2009
Strong Regulatory Reform Vs. the Public Option
Remember the baby in the bath water. The house bill and the senate bill have yet to be melded. Keep writing your reps, and don't let up the pressure. Within the house bill are a lot of very important regulatory changes that will grealty hamstring the health insurance companies and thier parent organizations. The public option is important. Heck a single payer system would be divine, but it is vitally important that legislation close some of the worst loopholes in the health insurance system. I am gravely concerned that that goal may be lost in the fist fight over a public option. In fact, I highly suspect, the opposition would very much like to see HR 3962 thrown out entirely and I am positive they themselves are feeding the furer over a public option. If HR 3962 in all of its vitally verbose glory is thrown out, how long will it be before another bill of it's importance is reintroduced? Within this bill lies the key to crippling the insurance industry's dominance on the medical industry. Further regulatory changes need to occur in the financial arena which will help to curb ever expanding profit margin of private, for profit, health insurers, but this is a start. If we can prevent the insurance companies from reaping profits by cutting back on benefits, increase the percentage of our premiums that actually pay for our treatments, then we begin to loosen thier hold on the medical industry by severing their ties to WAll Street. If Wall Street and the rabid investors who feed from it cannot reap the profits from the captive audience of those paying health insurance premiums, they will drift off to seek other meat. Only then can we hope to sculpt out a health care system that will truly benefit all Americans.
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