Thursday, 10 September 2009

Do or Die!

I resolved to stay up last night and watch President Obama address the joint houses of Congress on his healthcare plans, a keynote speech in what they say is a bitter American heath provision debate.

I found it fascinating although I am not familiar with all the issues, it seems that the US has a very un-healthy (unless accomplished and able to pay) health provision for its inhabitants. Many millions are unable to afford or even pay for simple medical treatment. The row in the US over President Barack Obama’s health care proposals; for the most part, is motivated just as much by prejudice, political posturing and outright deception, much attention has focussed on groups such as Conservatives for Patients Rights, who charge the Obama administration with seeking to introduce a “socialist” health care regime like the National Health Service in Britain, can you believe it?

The accusations made in several advertisements and articles run in the US are grave. They charge the NHS, and by dint the British establishment, of setting an “Orwellian” cap on the value of human life. The British system, they contend, routinely rationalises health provision, condemning many to painful waits for treatment, denying medicine and even operating “death panels” discriminating against the elderly and disabled.

The Investor’s Business Daily suggested that leading physicist Professor Stephen Hawking, who suffers from Lou Gehrig’s disease, “wouldn’t have a chance in the UK, where the National Health Service would say the life of this brilliant man, because of his physical handicaps, is essentially worthless.” Hawking, who is a British citizen, repudiated the claim, stating, “I wouldn’t be here today if it were not for the NHS.”
And to think that we have a special relationship with our cousins on the other side of the big pound is it healthy?

On Sunday the New York Times ran a story that was not only interesting but a certain condemnation of American Capitalism, certification without incertitude that the system is rotten to its very core. After the mortgage business imploded last year, Wall Street investment banks began searching for another big idea to make money. They think they may have found one it reported:

The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds. They will then resell those bonds to investors, like big pension funds, who will receive the payouts when people with the insurance die.

The earlier the policyholder dies, the bigger the return — though if people live longer than expected, investors could get poor returns or even lose money.
Either way, Wall Street would profit by pocketing sizable fees for creating the bonds, reselling them and subsequently trading them – what vulgarisation of these albatross’s complete head and neck bare of feathers, hoarding, greedy grasping and feeding on the dead.

The speech was an effort by Mr. Obama to regain his political footing on health care, the centrepiece of his domestic agenda. After months of insisting he would leave the details to lawmakers, he presented his most detailed outline yet of his own plan, which he said would provide "security and stability" to those who have insurance and cover those who do not, all without adding to the federal deficit.

1 comment:

Renegade Eye said...

Obama himself surrounds himself, with people hostile to any universal healthcare. As of today, it looks like health insurance, will be private and mandatory. A gift to insurance companies.

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