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Wednesday, March 11, 2015

Obamacare works -- for drug companies and insurers

In 2008, presidential candidate Barack Obama railed against drug companies and insurance companies, and vowed to go after them with Obamacare. The crowd cheered! (Yeah!)

But just as you can keep your doctor and you can keep your plan, Obama lied. Two stories show drug companies and health insurance companies are raking. Expect as ex-president, Barack Obama will give lots of speeches to each industry.

From the Associated Press:
The nation's largest pharmacy benefits manager says prescription drugs spending rose 13 percent last year, the largest annual increase since 2003.
Express Scripts says the gains were fueled by pricey specialty drugs that accounted for about 31 cents of every dollar spent on prescriptions even though they represented only 1 percent of all U.S. prescriptions filled.
Specialty drugs are advanced medications that treat complex or chronic conditions like hepatitis C and multiple sclerosis.
Express Scripts Holding Co. and several insurers have warned for more than a year about the growing financial impact from specialty drugs like Gilead Sciences' hepatitis C treatment Sovaldi.
Express Scripts also says in an annual report on prescription spending that the specialty drug trend will slow to more sustainable levels over the next three years.
Biggest revenue hike in 12 years and we are to believe it is only because we suddenly have better treatments for two maladies?

From the Washington Times:
The Affordable Care Act was supposed to make health care more affordable, but a study of insurance policies before and after Obamacare shows that average premiums have skyrocketed, for some groups by as much as 78 percent.
Average insurance premiums in the sought-after 23-year-old demographic rose most dramatically, with men in that age group seeing an average 78.2 percent price increase before factoring in government subsidies, and women having their premiums rise 44.9 percent, according to a report by HealthPocket scheduled for release Wednesday.
Congratulations, America. You were had.

But this story from 2008 should have been a warning:
While some sunlight has been shed on the hefty sums shoveled into congressional campaign coffers in an effort to influence the Democrats' massive healthcare bill, little attention has been focused on the far larger sums received by President Barack Obama while he was a candidate in 2008.  
A new figure, based on an exclusive analysis created for Raw Story by the Center for Responsive Politics, shows that President Obama received a staggering $20,175,303 from the healthcare industry during the 2008 election cycle, nearly three times the amount of his presidential rival John McCain. 
McCain took in $7,758,289, the Center found.  The new figure, obtained by Raw Story through an independent custom research request performed by the Center for Responsive Politics -- a nonprofit, nonpartisan group that tracks money in politics -- is the most comprehensive breakdown yet available of healthcare industry contributions to Obama during the 2008 election cycle. 
Currently, the Center's website shows that Obama received $19,462,986 from the health sector, which includes health professionals ($11.7m), health services/HMOs ($1.4m), hospitals/nursing homes ($3.3m) and pharmaceuticals/health products ($2.1m). Miscellaneous health donations (from which Obama received $860,411) are also factored into the current total health sector numbers but are not accessible on the site.
You gotta pay to play. It's the Chicago way. The public though will be pissed. Most of the country is not Chicago. I cry not for liberals who are about to get another three decades in the political wilderness courtesy of the American voter.

2 comments:

  1. "I cry not for liberals who are about to get another three decades in the political wilderness courtesy of the American voter."

    I am on the verge of taking vacations each election day since it doesn't appear to make a difference whether the dems win or the repubs win elections. The repubs need congressional leaders more like reid, pelosi or shumer-- leaders who will actually advocate their positions.

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  2. The reason that insurance companies didn't run those Harry and Louise ads they ran against Hillarycare is because this time they were in on the scam. The Dimocrats bought them off. Of course, what they don't realize is that Obummercare is just a step toward single payer gummint run healthcare which will drive the insurance companies out of the health insurance business. When you lay down with dogs don't be surprised to get up with fleas.

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