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Blog Directory Del's Perspective: May 16, 2009

Saturday, May 16, 2009

Something's Rotten (Part II)

In part one of this story, I related that the health industry is surprisingly vowing to lower cost for we the people on our premiums. I smell something rotten and it's the source...the industry itself. Matt Wion, a fellow blogger, summed it up succinctly when he said it was a case of "Beware of Greeks Bearing Gifts". He is absolutely correct and here's why:

Governments and businesses have put into play a policy known as "Marketplace of Ideas". In it's simple version, an industry for example, simply throws out an idea into the media. Usually they will sugar coat or play on God, Guns, Gays in order to gauge the public reaction to the concept. They twist wording, use confusing math, or sugar-coat a story to see if the public will run with it.

Political parties along with their think tanks will use wedge issues such as gay marriage, abortion, or estate taxes. They know that the individual issue affects a very small number of citizens, but with the help of demagogues they flame the controversy as high as it can get to create vivid excitement.

In the case of the 6 large insurance corps, they threw out large numbers, talked about generating "perhaps" 2 trillion $$$ over a decade. But from where? From the savings of 1.5 of their gross earnings. They fed the idea to the Prez and he's falling for it like a missile over Baghdad. The White House using spin doctors, threw it to the press and voila...there you have it: Big Business will save their greedy profits, they'll not fall prey to a national health plan, and they will look like Batman coming to save Gotham.
More befuddlement comes with fuzzy math. The industry says it can save the policyholders up to $2,500 a year in premiums to boot. Sounds good, doesn't it?

First, they vowed they would "try"...nothing concrete (off that hook);
Second, they didn't say anything about how they arrived at the math (off that hook, too);
Third, the little burr under the saddle, how can 1.5% of their profits equal $2 trillion over 10 years? It can't! Just look at the current GDP compared to the last 5 years and you will note a slow growth for the whole country, but they want you to believe they alone can achieve it;
Fourth, they mentioned nothing about inflation (if they can't reach their lofty goal they have a built in scapegoat); and,
Fifth, they conveniently omitted how they would generate the monies: lower payout to Drs./hospitals/increase in deductibles, etc.

The press needing news w/out investigating, buys the whole concept lock, stock and barrel.

See what a great tool the "marketplace of ideas" is?
Perhaps you will remember when Dubya wanted to dismantle S. Security. He threw the idea into the marketplace, but in that instance the press did their homework and riled back. This time there isn't a whimper.
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