Sunday, September 20, 2009

Insurance Industry Bribed Baucus Big Time

Montand Democratic Senator Max Baucus, the Chairman of the Senate Finance Committee has brought forth from that committee an absolutely horrible health "reform" bill. It deserved to be DOA.

For example, it requires all US residents to buy insurance, and a single parent over 50 would be paying FIVE TIMES the premium a single parent, 28 would pay. It is absolutely unaffordable. Smokers get 50% added to their premium. There's no public option, but the bill includes a co-op system, which is a weak ineffective way to replace the public option. Essetially, the co-op plan invites citizens to form their own alternate insurance plans in the various states. Good luck with that, a bunch of amateurs going up against will established huge insurance companies.

Why did Max Baucus' committee write this bill which former insurance executive Wendell Potter call, "a gift to the insurance industry? The answer is easy. The industry has bribed Baucus big time over the years -- some $3 million to date. And look at the figures from the latest election cycle, courtesy of OpenSecrets.org.

It is all over the Internet what a piece of crap this bill is.
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