Why the Privatized Health Industry Loves Obama

Share prices in the nation's top insurance companies have grown since President Obama's nationally televised speech on healthcare reform. During the address, Obama criticized insurers but also said he wants to keep them in business. Obama also refused to insist on a government-funded public option and backed a proposal that would force Americans to carry health insurance, giving insurers millions of potential new customers. ... The investment research firm Sanford Bernstein says it's now "even more confident after the Obama speech that the legislative outcomes will be moderate with no threat of a Medicare-like public plan."

A leading advocacy group for single-payer healthcare meanwhile is criticizing Obama's proposal requiring Americans to purchase health insurance. Physicians for a National Health Program [ http://pnhp.org/ ] says the latest census figures show the mandate approach has failed in Massachusetts....

Excerpt from Democracy Now, 11 Sept 2009
http://www.democracynow.org
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Category:

News & Politics

Tags:

• Obama
• healthcare
• health
• insurance
• single-payer
• medicare
• for
• all
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• national
• program
• massachusetts
• public
• option

[starmanskye]

I agree; The nation is utterly sick & corrupted by the incentive for greed, the inevitable result of predatory capitalism via dysfunctional & misplaced priorities, special interest politics, systemic abuses, rampant cronyism & corporatism, etc. Lobbyist politics have diverted common-sense solutions and reframed critical issues from foreign policy to health care. Frankly, I think the US is so far off-track it can't be 'fixed'. Too many contradictions, failures, hypocrisy, distortions, betrayals.

[Yankhadenough]

America is doomed unless Dennis Kucinich is President of the United States of America in 2012.

[medicinesocks]

amy tells it like it is. hello from massachusetts. the state of medical care here is abysmal. my son is a health care worker and an ardent advocate for a single payer plan. as hard as he works, he really can't afford the manditory insurance. to champion for this rotten industry, instead of calling for massive re education of people stuck in toxic jobs is criminal. we ought as a nation move toward sustainable practices in industry, now, not these soul crushing, life threatening health policies.