Health Corporations waging a $380 million campaign to kill real health care reform

      Home » World events & politics » Health Corporations waging a $380 million campaign to kill real health care reform

Health Corporations waging a $380 million campaign to kill real health care reform

America's healthcare industry has spent hundreds of millions of dollars to block the introduction of public medical insurance and stall other reforms promised by the current government.

Legislation emerging from the US Senate reflects the financial power of vested interests, principally insurance companies, pharmaceutical firms and hospitals, that have worked to stop far-reaching changes threatening their profits.

The industry and interest groups have spent $380m (238m) in recent months influencing healthcare legislation through lobbying, advertising and in direct political contributions to members of Congress. The largest contribution, totalling close to $1.5m, has gone to the chairman of the senate committee drafting the new law.

A former member of Bill Clinton's cabinet says fears that the industry could throw its money behind the populist rightwing backlash against public insurance have scared the Obama White House into pulling back from the most significant reforms in return for healthcare companies not trying to scupper the entire legislation.

Reform groups say vast spending, and the threat of a lot more being poured into advertisements against the administration, has helped drug companies ensure there will be no cap on the prices they charge for medicines ‑ one of the ways the White House had hoped to keep down surging healthcare costs.

Insurance companies have done even better as the new legislation will prove a business bonanza. It is not only likely to kill off the threat of public health insurance, which threatened to siphon off customers by offering lower premiums and better coverage, but will force millions more people to take out private medical policies or face prosecution.

... Quote:
t's a total victory for the health insurance industry. What the bill has done is use the coercive power of the state to force people to hand their money over to a private entity which is the private insurance industry. That is not what people were promised.
said Dr Steffie Woolhander, a GP, professor of medicine at Harvard University and co-founder of Physicians for a National Health Programme (PNHP).

Read more here http://www.guardian.co.uk/w...
By netchicken: posted on 3-10-2009








Health Corporations waging a $380 million campaign to kill real health care reform | [Login ]
Powered by XMB
Privacy Policy