Kurt Nimmo
Infowars.com
January 13, 2014
If Republicans in Congress are unable to muster
the forces required to repeal Obamacare – and there is a reasonable chance they
will not be able to do so with the current political climate – the socialist
scheme will be rescued by the American tax payer. In 2008 through 2009, the
banksters had their bailout, followed by General Motors and Chrysler. This cost
hundreds and hundreds of billions in devalued dollars. Nobody really knows how
much the subprime implosion will ultimately cost and what the lasting effect
will be on housing and mortgage markets.
Next up the insurance companies. Back in 2010 the
media ignored Max Baucus climbing into bed with Liz Fowler, the former VP of
Wellpoint, the largest managed health care for-profit company in the Blue Cross
and Blue Shield Association. Baucus and Fowler cobbled together what is today
Obamacare. Baucus, the Montana senator who is chairman of the Senate Finance
Committee, is considered the father of Obamacare.
“The insurance industry has spent their money
well, spreading it across both parties. They got what they paid for with this
neoliberal health care bill,” writes Jane Hamsher. In addition to the globalist menu of free trade
and open markets – open and free, that is, for banksters and transnational
corporations, at the expense of everybody else – the neoliberal health care bill
moves under the heavy hand of government to monopolize and consolidate the
market. Back in the day, Mussolini called this fascism.
Even Democrats understand what Obamacare really
is. In December 2009, Howard Dean, the former Democratic National Committee
Chairman, said the legislation poised before Congress was “a bigger bailout for
the insurance industry than AIG.” Dean characterized it as “an insurance
company’s dream.”
Obamacare “does nothing to restructure the health
insurance industry, anymore than the Dodd-Frank Act restructures the banking
industry,” writes Nomi Prins, a former director at Goldman-Sachs and analyst at
Bear Stearns. “This means everything else it attempts to do, positive or
negative, will be vastly overshadowed by an industry accelerating to morph
itself into an acquisition machine in order to circumvent anything that even
smells like a restriction, including laws that exist and ones to come.”
Jeffrey H. Anderson notes today that Obamacare is projected
“by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s
$1.071 trillion) over the next decade (2014 to 2023) from American taxpayers,
through Washington, to health insurance companies.” Anderson cites Robert Laszewski, a prominent consultant to health insurance
companies, who explains how a massive transfer of wealth will occur through the
Obamacare “private-public hybrid,” in other words classically fascist
arrangement.
Laszewski says taxpayers will pay for 78 percent
of any losses accrued by “managed health care” companies (as Wall Street calls
them) through a “Risk Corridor Program that limits overall losses for insurers”
in addition to business costs. Call it socialism for the transnationals, a
carbon copy of socialism for the international banksters.
A few Republicans are attempting to blunt the risk
corridor swindle. In November, Florida Senator Marco Rubio introduced
legislation to abolish risk corridors built into Obamacare. “Risk corridors are
generally used to mitigate an insurer’s pricing risk,” Rubio wrote for the Wall Street Journal. “Under ObamaCare, risk corridors were
established for the law’s first three years as a safety-net for insurers who
experience financial losses… ObamaCare’s risk corridors are designed in such an
open-ended manner that the president’s action now exposes taxpayers to a bailout
of the health-insurance industry if and when the law fails.”
Conservatives and tea party Republicans agree
Obamacare will fail. Unfortunately, they are blinded by their own ideology. They
insist Obamacare has a built-in failure mechanism that will “give rise to a
coordinated lefty push for single-payer,” as Guy Benson explains. Indeed, Democrats dream of single-payer –
a system in which the government, instead of private insurers, pays for all
health care costs – but the current system was not built as a humanitarian
effort to provide healthcare for the downtrodden masses. It was built to enrich
the elite and allow them political cover to consolidate vast amounts of
wealth.
In addition to transferring wealth into the
coffers of transnational banks and the interlocking directorship corporations
they own, Obamacare is designed to crush the middle class in the United States.
It runs parallel with the Federal Reserve’s operation to eradicate the middle
class and usher in a new era of globalist serfdom.
“Ben Bernanke’s ZIRP, QE1, QE2, Operation Twist,
and the upcoming ‘Operation Screw the Middle Class Again’ have succeeded in
expanding the net worth of millionaires, billionaires and the bonuses of Wall
Street bankers, while destroying the fragile finances of little old ladies and
middle class risk adverse savers,” Jim Quinn wrote in 2012.
“In 21st century America, the few people who have
experienced income gains are the executives and shareholders of firms who
offshored their production for US markets, Wall Street which makes bets covered
by the Federal Reserve, and the military-security complex which has been
enriched by the neoconservatives’ wars,” writes Paul Craig Roberts.
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