what about the insurances company? Do you think they are going under if the Universal health care comes in eff?
- Richard VLv 61 decade agoFavorite Answer
Those poor Insurance Companies have spent $40 Million in the last three months making sure the Senators and Congressmen in charge of drafting 'Obama's Health Reform' keep the profits coming their way.
This week, the Center for Responsive Politics reported that in the second quarter of this year alone, the pharmaceuticals and health product industries spent $67,959,095 on lobbying, and the insurance industry $39,760,477. Another $25,552,088 were spent by lobbyists for hospitals and nursing homes. That's a total of $133,271,660 in just three months, and that's not even counting the lobbying money spent to fight health care reform by professional associations like the US Chamber of Commerce.
In the Senate, both parties have outsourced health care legislation to six Finance Committee lawmakers: Max Baucus, D-Mont.; Kent Conrad, D-N.D.; Jeff Bingaman, D-N.M.; Mike Enzi, R-Wyo.; Charles Grassley, R-Iowa, and Olympia Snowe, R-Maine. The group recently announced it is rejecting essential provisions like a public insurance option that surveys show the public supports. Meanwhile, seven mostly Southern House Democrats have been threatening to use their Commerce Committee votes to gut any health care bill, regardless of what the American majority wants.
This, however, isn’t about the majority. These lawmakers, hailing mostly from small states and rural areas, together represent only 13 million people, meaning those speaking for just 4 percent of America are maneuvering to impose their health care will on the other 96 percent of us.
Census figures show that the poverty rates are far higher and per capita incomes far lower in the 13 legislators’ specific districts than in the nation as a whole. Put another way, these politicians represent exactly the kinds of districts whose constituents would most benefit from universal health care. So why are they leading the fight to stop—rather than pass—reform?
Because when tyranny mixes with legalized bribery, constituents’ economic concerns stop mattering.
Thanks to our undemocratic system and our corrupt campaign finance laws, the health care industry doesn’t have to fight a 50-state battle. It can simply buy a tiny group of congresspeople, which is what it’s done. According to the Center for Responsive Politics, health interests have given these 13 members of Congress $12 million in campaign contributions—a massive sum further enhanced by geography.Source(s): http://www.commondreams.org/view/2009/07/31-8 'OpenSecrets' website-Yahoo! would not let me post links. http://www.washingtonpost.com/wp-dyn/content/artic...
- 1 decade ago
I don't think that all insurance companies will go under. Personally, I do not like the idea of universal health care. Many insurance companies that offer health insurance also offer other types of insurance, even some you don't know about. Even though health and life insurance may be their big money makers, they have other ways of making money. A company like AIG, i think will eventually be going out of business but something like metlife owns a lot of property and has many consumers purchasing multiple things. I do not think they will go under
- 1 decade ago
Hard to say at this point. Some may. Others will likely let the public option plan provide the basic coverage and move into more supplemental plans (like current medicare plans).
The question is will we go under? The tax increase that we will experience as a result of the healthcare plans being considered will likely make us long for the days of free market health care.
- AnonymousLv 71 decade ago
Probably not - they'll just downsize.
Even the countries with "universal health care" ALSO have private insurance - because people with private insurance get better, faster care with better doctors.