Wednesday, September 30, 2009

Parade of Liars selling junk: health care, tobacco, and auto billionaires

They get rich making junk cars, junk bonds and junk insurance policies

On April 14, 1994, the executives of America's seven largest tobacco companies came before Congress and each testified that tobacco was not addictive.

On November 18, 2008, auto executives flew to Washington on private jets to testify that they needed taxpayer bailouts. “We’re all slashing back” on non-essential expenses, they said, promising, “We’re going to be dramatically leaner.”

May 30, 1996 Linda Peeno testified that third party payors/insurance companies pay hugh bonuses to people who, without ever seeing a patient, deny the coverage for the care that saves their lives and allows them to keep their homes. You know, the reason why we buy health insurance in the first place.

In the 1960s, stories of elderly people being forced from their homes and eating cans of dog food were not unusual. Now the elderly are safe from that fate. It's time to give the same safety to school children and younger adults. Marcia Angell, editor of NEJM agrees we need Medicare for all.

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