March 25, 2010

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(Blessed Are The Duped for they shall inherit the Shitstorm)

(Reposted from last September)

I was reminded just how insidious the Health Insurance Industry can be when it comes to potentially losing profits and power. In 1988 Congress passed a piece of legislation called the Medicare Catastrophic Coverage Act. It was regarded as a great leap in expanded healthcare coverage for seniors on Medicare. But then . . .

Rob Armstrong: “ When the Catastrophic Healthcare Act of 1988 was passed it was hailed as a quantum leap for the nation’s elderly. But within a very short time Senior Citizens groups were up in arms about the Supplemental Insurance Premium, an escalating surtax many said would eat into their savings or force them from their homes. Members of Congress have been hit with a barrage of hostile criticism and there is little doubt the surtax will be repealed”

Sound familar?

This news item, from September 30, 1989 gives some idea of what will probably happen if a decent Healthcare Bill is passed.

Not saying for sure. But just saying . . .

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