It's not about saving poor little Suzy from dying...it's about a multi-billion industry and how to profit most from the new legislation.
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Evan Bayh is but one example on how members of Congress profit from the healthcare industry. According an
Indianapolis Star article from June, Evan Bayh's wife, Susan, "owns from $500,000 to $1 million in employee stock in WellPoint, the Indianapolis-based insurance giant on whose board she sits."
That would mean that the value of Evan Bayh wife's personal holdings in that one health insurance company in those last six weeks alone (since Lieberman and her husband began menacing the public option), would have increased by a value of between $125,000 and $250,000.
As part of the bonanza of health care industry board positions that she magically received since her husband became a Senator, Susan Bayh is given a quarter-million dollars each year in stocks and stock options from Wellpoint.
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That's just a microcosm for considering how well Obama's so-called "special interests" have done as a result of this health care bill.
The recent rise in healthcare stock prices has been particularly striking in the period since Sen. Joe Lieberman (I-Conn.) said on October 27 that he would filibuster a Senate health care reform bill if it included a public option. Here's a quick breakdown of major health insurance company stock performance from Oct. 27 to Friday's
market close:
* Coventry Health Care, Inc. is up 31.6 percent;
* CIGNA Corp. is up 29.1 percent;
* Aetna Inc. is up 27.1 percent;
* WellPoint, Inc. is up 31.7 percent (as of
Christmas Eve);
* UnitedHealth Group Inc. is up 20.5 percent;
* And Humana Inc. is up 13.6 percent" The Huffington Post |
Oct 28, 2009 - WellPoint Inc said it now expects 2009 earnings of $5.88 to $5.92 per share (up from $5.60 to $5.66 per share). Source: www.tradingmarkets.com
Cramer's Pick - WellPoint Inc (Ticker: WLP) On Mad Money, host Jim Cramer said he prefers investors be in Wellpoint because “there’s a big debate about some of the particular parts of Medicare...and if the President wins, WellPoint wins.”
Check out all the other members of Congress and Obama's administration and ask yourself, "WHO ELSE MAKES MONEY FROM THIS HEALTHCARE PLAN?"
Evan Bayh's Web (Click on photo to enlarge)
Top 10 Reasons to Kill Repeal the Health Care Bill
1 - Forces you to pay up to 8% of your income to private insurance corporations — whether you want to or not.
2 - If you refuse to buy the insurance, you’ll have to pay penalties of up to 2% of your annual income to the IRS.
3 - Many will be forced to buy poor-quality insurance they can’t afford to use, with $11,900 in annual out-of-pocket expenses over and above their annual premiums.
4 - Massive restriction on a woman’s right to choose, designed to trigger a challenge to Roe v. Wade in the Supreme Court.
5 - Paid for by taxes on the middle class insurance plan you have right now through your employer, causing them to cut back benefits and increase co-pays.
6 - Many of the taxes to pay for the bill start now, but most Americans won’t see any benefits — like an end to discrimination against those with preexisting conditions — until 2014 when the program begins.
7 - Allows insurance companies to charge people who are older 300% more than others.
8 - Grants monopolies to drug companies that will keep generic versions of expensive biotech drugs from ever coming to market.
9 - No re-importation of prescription drugs, which could have saved consumers $100 billion over 10 years.
10 - The cost of medical care will continue to rise, and insurance premiums for a family of four will rise an average of $1,000 a year — meaning in 10 years, your family’s insurance premium will be $10,000 more annually than it is right now.
http://www.salon.com/news/opinion/glenn_greenwald/2009/12/22/health_care
http://www.muckety.com/Evan-Bayh/459.muckety?big=true
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