The title for this post was uttered by Senator Angus King on Fox News Sunday. And I hate to admit it, but he’s right:
“Now, now that’s a big — There is no such thing as Obamacare. You can’t sign up for Obamacare. You sign up for an Anthem policy or an Aetna policy or a WellPoint policy. It’s private insurance,” said King.
The Patient Protection and Affordable Care Act (aka Obamacare) wasn’t designed to ‘give more people healthcare’. It was designed to force everyone to buy health insurance. The bill was written by lobbyists for the insurance industry, not the health care industry.
The PPACA sprung from an 87-page white paper “put together” in November, 2008 by Baucus’ (then) chief healthcare counsel, Liz Fowler. Before working for Baucus, Fowler was a VP at WellPoint, the country’s second-largest health insurer.
Baucus, quotes CGA, said Fowler’s white paper, “became the basis, the foundation, the blueprint from which almost all health care measures in all bills on both sides of the aisle came.”
Forming a cartel and forcing every American to pay for health insurance (whether they need it/can afford it or not) is extremely profitable:
According to Kaiser Permanente, total health insurance costs in 1980 were $286 billion. By 2010, they had increased nearly tenfold to $2.3 trillion. As the population ages, that number is expected to soar. According to federal estimates, health care costs will double in the next decade and are likely to double again by 2030, when 70 million Americans – fully 20% of the population – will be over the age of 65. Could such dire estimates have provided the health insurance industry with a powerful $10 trillion incentive to move this looming liability off their balance sheets and onto the backs of the American taxpayer?
As it turns out, the Patient Protection and Affordable Care Act is not intended to make health insurance more affordable for the American people. It is designed to make the American people more affordable for the health insurance industry.
As Paul Harvey used to say, “now you know the rest of the story.”