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Glenn Greenwald Hits The Healthcare Debate Nail On The Head
She had paid into a fund for some 20 years while remaining essentially problem-free. When she became sick with a terminal illness, the insurance company jacked her premiums so friggin' high to make sure their insane profit-level was maintained. All her premiums all those years and her total health costs haven't even amounted to a third of that. Add to it the insurance company took that premium money, reinvested it and made a killing off it is that way and you have probably less than a sixth of what she paid in. She pays more in premiums now than it costs in procedures each year. So they're still making money off of her..a killing...literally...and of course she has to pay the deductables so actual costs are offset even more for the company.
Then what the doctors do to compensate for any shortfalls they experience from medicare users is to triple the actual reasonable charges for health care so that the insurance companies end up paying for the lack in what medicare pays. Medicare knows this and only offers a third of what the medical charges are. It's a game. And the net result is that people on private insurance are already paying for universal health coverage, without knowing it. The pharmaceutical companies cut back-room deals with insurers to provide low cost medicine to the poor and stick it to the middle and upper incomes.
They just don't want you to know you're already paying for the duct-taped universal health care because if you did, you'd want government oversight on your input money and of course insurers couldn't control the scam.
That's why they're going to sink hundreds of millions to convince you that the universal health care you already pay for anyway needs to not be under an oversight plan. Organized crime doesn't like spotlights on their back room deals that never benefit the consumers..
...lol...