To the editor:
Insurance companies are the problem, not the solution!
Insurance companies are predatory, for-profit systems that make money, not providing health care. Thirty-one cents of every health-care dollar goes to administrative costs, not providing care. The single biggest cause of bankruptcies in the U.S. is health insurance companies that do not cover you when you get sick.
HR 3962 would put the government in the role of accelerating the privatization of health care. This is a bail-out under a Blue Cross requiring at least 21 million Americans to buy private health insurance from the very industry that causes health costs to be so high. HR 3962 incurs only a new requirement to cover pre-existing conditions, a weakened public option and a few other important, but limited, concessions.
The insurance companies are getting quite a deal. Since President Obama signaled that he is backing away from the public option, health insurance stocks are rising. This health-insurance bill continues the redistribution of wealth to Wall Street at the expense of America’s manufacturing and service economies, which suffer from costs other companies do not have to bear, especially health care.
This country needs the broad social and economic benefits of a not-for-profit, single-payer health care system. Imagine, something good for Main Street America – insurance and pharmaceuticals, not so good!
