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Warning: Co-op Kool Aid Is Bad for Your Health

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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 03:37 PM
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Warning: Co-op Kool Aid Is Bad for Your Health
Warning: Co-op Kool Aid Is Bad for Your Health
by Wendell Potter
Wendell Potter is the Senior Fellow on Health Care for the Center for Media and Democracy in Madison, Wisconsin.
Common Dreams
August 22, 2009

Im beginning to think that the Kool-Aid being served at meetings of the Senate Finance Committees soon-to-be infamous Gang of Six is coming from either fantasy land or the health insurance industry.

For those of you who might not be following the sorry machinations of health care reform in the Senate Finance Committee, the Gang of Six is a group of three Democrats and three Republicans hand-picked by Committee Chair Max Baucus, who is one of the three Democrats. The gang meets often, supposedly drafting a bipartisan bill. In reality, if such a bill emerges, it will be a gift to the insurance industry because the gang includes some of the industrys best friends on Capitol Hill.

Thanks to gang member Kent Conrad, a Democrat from North Dakota, the gang reportedly is giving serious consideration to replacing the good idea of a public insurance option with an idea that is sheer fantasy: a few nonprofit co-operatives that would be expected to compete with the cartel of giant for-profit insurance companies and win in the marketplace, to use a favorite term of my former CEO and cartel heavyweight, H. Edward Hanway.

If you dont believe anything else I have said or written, please believe this: nonprofit co-operatives dont stand a snowballs chance of competing with those big companies and making a whit of a difference in the lives of the 75 million Americans who either have no insurance or have such marginal insurance they might as well have no insurance.

Read on:
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