Tag Archives: Health care reform

Americans Pay the Most for Healthcare and Get the Worst Service

Thanks, healthcare and insurance lobbies.  We’re dead last in the industrialized world for quality of health care.

Americans spend twice as much as residents of other developed countries on healthcare, but get lower quality, less efficiency and have the least equitable system, according to a report released on Wednesday.  The United States ranked last when compared to six other countries — Britain, Canada, Germany, Netherlands, Australia and New Zealand, the Commonwealth Fund report found.

“As an American it just bothers me that with all of our know-how, all of our wealth, that we are not assuring that people who need healthcare can get it,” Commonwealth Fund president Karen Davis told reporters in a telephone briefing.  Previous reports by the nonprofit fund, which conducts research into healthcare performance and promotes changes in the U.S. system, have been heavily used by policymakers and politicians pressing for healthcare reform.

America is #1 yet again!  In greed driven poor service and high costs.  Ain’t it great!  we don’t need decent health care at a reasonable price.  Let’s all just pay our premiums and shut up and die – just as long as the CEO of Big Health Care can ride in a new jet every year.

Health Reform? Yes, Reformed, Reinvigorated, Bloated Profits for the Insurance Industry!

So much for reform

Health insurance profits are skyrocketing in 2010 compared to last year’s returns and the outgoing chairman of the House subcommittee that oversees the companies is calling on them to return the profits to consumers in the form of premium reductions. “Your ten firms alone have reported over $9.3 billion in profits for the first three quarters of 2010,” writes Rep. Pete Stark (D-Calif.), chairman of the Ways and Means health subcommittee — and, for a day, chairman of the full committee. “On average, your profits have gone up 41 percent from last year.”

A 41% profit increase is awfully good. I can’t think of a single wage earner who got a 41% pay increase this year. But if Pete thinks the industry is going to rebate any fragment of those profits to consumers he must really be delusional. The only thing health reform has helped is the bottom line of insurance providers. I suppose the general population will have to wait for the real benefits to kick in ‘later’.