Rx for Barack

By EDITORIAL  |  August 19, 2009

Years ago, private insurance companies — many of them nonprofits — spent about 95 cents out of every dollar reimbursing policy holders. Today, that figure is often as low as 80 cents. Why? Because Wall Street demands higher profits from publicly traded companies. If consumers get screwed, well, that's 21st-century capitalism in action.

In a very real way, the Wall Street that almost destroyed the international financial system, wiped out retirement accounts, and triggered punishing unemployment is bleeding the health-care system.

Then there is the issue of the high cost of technology and advanced pharmaceuticals. These are already rationed. Since the nation is in very real danger of going broke, the likelihood that rationing will increase is pretty much unavoidable.

It may not be spiritually rewarding to shift the terms of this debate from the plight of the uninsured to the problems of the already insured, but it is practical.

Obama is in the politics business. Politics is the art of the possible. It seems that Obama's only hope of achieving anything in terms of health-care reform is contingent upon him radically rethinking his approach. Let's hope he does so. The Vineyard should be conducive to contemplation.

< prev  1  |  2  | 
Related: How is Obama doing?, An Obama confidant on the surge in Afghanistan, Reading is fundamentalist, More more >
  Topics: The Editorial Page , Barack Obama, Barack Obama, Politics,  More more >
| More

Most Popular
Share this entry with Delicious
  •   MERCY AND SAL DIMASI  |  March 13, 2013
    When it comes to showing a modicum of mercy to some of those convicted of federal crimes, Barack Obama is shaping up to have the worst track record of any president in recent memory.
  •   NEXT, MARRIAGE EQUALITY  |  March 05, 2013
    On March 27 and 28, the US Supreme Court is scheduled to hear arguments in two cases that could essentially put America on the road to full marriage equality.
  •   THUS SPAKE MARKEY  |  February 26, 2013
    Last week, Congressman Ed Markey inadvertently injected some daring political thinking and a touch of historical imagination into the race to fill the US Senate seat vacated by John Kerry's appointment as secretary of state.
  •   DRONES: 10 THOUGHTS  |  February 20, 2013
    Foreign drone attacks are almost (but not quite yet) as American as apple pie.
    America is a prisoner of the War on Terror, which military and diplomatic policy makers once called the Long War.

 See all articles by: EDITORIAL