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Here's A Theory I Came Across As To How Obama's Going To Get Us Universal Healthcare.......

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global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-22-09 12:04 AM
Original message
Here's A Theory I Came Across As To How Obama's Going To Get Us Universal Healthcare.......
I came across this theory on a blog called 'discount moralist'

Universal Healthcare

I've figured out how Obama's going to provide universal coverage and a phase-in to single payer health insurance. It's brilliant - We are going to possess an 80% stake in AIG. AIG happens to be the largest US insurance company. Insurance companies are balking at the idea of acceptance of pre-existing conditions. Well, when we can force AIG's hand to do our bidding - this will be a forgone conclusion. Obama will mandate universal coverage and AIG will be there to begrudgingly accept(see carrot; stick) these policies at deeply discounted rates to ensure cornering the market. The government takes on the expense of the inherent losses because we are the main shareholder. AIG turns into a non-profit and operates at a loss from here on out. AIG becomes the de facto government operated single payer provider, a "private" corporation much like Fannie or Freddie. Obama feel free to use this if you aren't already.

PS. Go long on AIG.
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Oregone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-22-09 12:18 AM
Response to Original message
1. The chessmaster
riiiiiight
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Duer 157099 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-22-09 12:27 AM
Response to Original message
2. Yeah. Except that what I heard is that all of those "stakes"
are "non-voting" or non-controlling stakes, meaning we have no say in anything having to do with how the company runs it's biz.

I can't verify that's true, just what I remember reading a while back.
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LuvNewcastle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-22-09 01:02 AM
Response to Reply #2
3. We have an 80% stake in a company,
but no say in how it's run. Sounds about right to me.
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shimmergal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-22-09 01:34 AM
Response to Reply #3
4. Well, we ought to be able to change that,
and a theory to justify it shouldn't be beyond the powers of some smart lawyers.

'Course then you need a govt. that has the will to follow through. Haven't seen anything yet that convinces me the Obama administration would--but I'd love to be surprised about that.
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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-22-09 01:36 AM
Response to Reply #3
5. Yeah we will get the bills
they will get the profits. Corporate welfare at its finest.
In the meantime, the union will be busted.
Mission accomplished.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-22-09 02:29 AM
Response to Original message
6. I think AIG does more property casualty.
Health Insurance isn't their main thing.

http://finance.yahoo.com/q/pr?s=AIG
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