Sunday, February 22, 2009

So how is it that we can nationalize banks and not health insurance?

President Obama is already making his own Presidential mess. His focus on "banks" is leaving us poorer and is perpetuating the "unfairness, untrustworthy, self-promoting" environment that has paralyzed our economy.

With talk of "nationalizing" banks, those, like me, who believe that the health "crisis" has been left as a problem too big to tackle by this new administration are frustrated. Still, it's a bit funny (in the ironic and terrifying way) that all the big business voices of capitalism, standing on your own two feet, and let the market work it out are now the toadying supporters of governmental assistance for themselves, kowtowing to the ineffective but amusing scolding, finger wagging and idle threats as the "cost of doing business" and receiving billions of dollars from the government.

So why not health insurance? First, because health insurance companies are making more and more money, and those that lost millions/billions in the same bad investments as the banks, well, they're getting new federal, state and local business in the form of mandated health insurance programs like Medicare, Medicaid, and SCHIP.

We've gotten over the hump, nationalization is a real possibility, but it happened in banking, not insurance. Still there will be people who won't put two and two together, and many of them are in government. Why? Because governmental employees have good benefits. It's as simple as that. Health insurers can still squeeze ordinary citizens for more money for less coverage because their customer base is growing.

This week United Health Group, through no fiscal responsibility of its own was supported by stock analysts who think it will grow, why? New Medicare contracts and rising premium prices. (Of course, reduced coverage is not addressed. Of course, no penalty for mismanagement or frittering of dollars through inflated salaries is addressed.) As long as citizens still have a penny to pay more, nationalization will not come into the one industry that needs nationalization more than any other.

The argument for nationalization is strongest because so much of health insurance is nationalized or at least governmentalized through the large handouts that are governmental health benefits packages. These packages would inspire envy in the savvyest go it alone Adam Smith diehard healthy look at what I got health insurance shopper.

The best part about bank nationalization is that maybe, just maybe, all those who manipulate Americans into thinking that a government that takes the health of its citizens through the right to access to affordable, quality, health services for the sick...REGARDLESS of how they got sick...seriously should be a right for all citizens and not just the special groups of civil servants who have access to government benefits packages will shut up as they watch all the tycoons of the banking industry humble themselves and cry Mea Culpa in order to get their mitts on federal handouts.

It is not UNAMERICAN to expect a representative government to adopt policies that support its citizens. It is UNAMERICAN for those who screech AMERICA is based on a free market to also brag that they keep their money in offshore accounts. It is not UNAMERICAN to expect that we employ our citizens before illegal aliens, it is UNAMERICAN to dupe the American people into believing that "infrastructure" contracts will create maybe 3.5 million new jobs without enforcement of our immigration laws in an industry notorious for bypassing such laws without consequence. It is not UNAMERICAN to require that businesses that profit from government dollars and contracts answer FIRST to the American people. It is UNAMERICAN to pump $19 billion into updating technology in the health insurance field without any provision that savings for industry be passed onto American citizens. It is not UNAMERICAN to mandate that health insurance INSURE, cover the risk of illness, first and foremost. It is UNAMERICAN that we have been duped into loving our free checkups and inoculations (finite costs) in exchange for meaningful insurance coverage of the RISK of bankruptcy from illness.

So maybe bank nationalization will wake up those phony Americans who argue that the free market can solve the problem as they hang their heads and get a real tongue lashing in exchange for their government checks.

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