Posts Tagged ‘health insurance companies’

22nd March
2010
written by Sean Noble

Speaker Pelosi muscled the Democrat health care bill through to passage Sunday night on a 219-212 vote giving President Obama a major legislative victory and very likely sacrificing the political careers of at least 30 House Members and maybe even the Democrat House majority.

While Democrats say the American people are the winners, the real winners are the big insurance and the big drug companies.  This bill is yet another big bailout of corporate America.

The insurance companies will receive subsidies to the tune of $400 billion and guaranteed customers because the government will now force nearly every American to buy their product.  Drug companies will continue to make record profits because they were given a sweetheart deal that prevents generic drugs from coming to market.

This Wall Street Journal editorial lays out what is in store. It’s not pretty.

This week’s votes don’t end our health-care debates. By making medical care a subsidiary of Washington, they guarantee such debates will never end. And by ramming the vote through Congress on a narrow partisan majority, and against so much popular opposition, Democrats have taken responsibility for what comes next—to insurance premiums, government spending, doctor shortages and the quality of care. They are now the rulers of American medicine.

The process to passage wasn’t pretty either.

While liberal Democrats are fulfilling their dream of a cradle-to-grave entitlement, their swing-district colleagues will pay the electoral price. Those on the fence fell in line out of party loyalty or in response to some bribe, and to show the party could govern. But even then Speaker Nancy Pelosi could only get 85% of her caucus and had to make promises that are sure to prove ephemeral.

Most prominently, she won over Michigan’s Bart Stupak and other anti-abortion Democrats with an executive order from Mr. Obama that will supposedly prevent public funds from subsidizing abortions. The wording of the order seems to do nothing more than the language of the Senate bill that Mr. Stupak had previously said he couldn’t support, and of course such an order can be revoked whenever it is politically convenient to do so.

We have never understood why pro-lifers consider abortion funding more morally significant than the rationing of care for cancer patients or at the end of life that will inevitably result from this bill. But in any case Democratic pro-lifers sold themselves for a song, as they usually do

We also can’t mark this day without noting that it couldn’t have happened without the complicity of America’s biggest health-care lobbies, including Big Pharma, the American Medical Association, the American Hospital Association, the Federation of American Hospitals, the Business Roundtable and such individual companies as Wal-Mart. They hope to get more customers, or to reduce their own costs, but in the end they have merely made themselves more vulnerable to the gilded clutches of the political class.

While the passage of ObamaCare marks a liberal triumph, its impact will play out over many years. We fought this bill so vigorously because we have studied government health care in other countries, and the results include much higher taxes, slower economic growth and worse medical care. As for the politics, the first verdict arrives in November.