Are big drug and insurance companies going to actually benefit???

[hillbillyhunter1]

I haven't had time to do much reading but I overheard from one news report that the Insurance and drug companies, that obama has railed on and on about, are actually going to benefit because of the particular intracasies of the new health care plan. Most of their stock rose after the vote Sunday night. If so, that is extremely ironic. Can anyone else shed any light on this???

[bigturkeys]

Big drug Co. got there big deal when Pres Bush pass Medicare Part D/ health ins got Medicare Advantage and is huge reason why Medicare is failing so bad and making some states go broke.

Now for HRC Health Ins are going to get 32 million new customers from HCR so yes they do benefit and is 1 reason why stocks went up. But Hrc also cuts Medicare Advantage. I'm sure theres alot more someone alse could tell you.

[Fieldmouse]

Big drug Co. got there big deal when Pres Bush pass Medicare Part D/ health ins got Medicare Advantage and is huge reason why Medicare is failing so bad.

Not even close. It's called the PONZI scheme. When SS and medicare was passed, it was always believed that the number of people paying vs the number of retired folks would remain the same or increase. That didn't happen. Now instead of 5 people supporting 1 retired worker, we are down to like 2. The system is broke and getting worst even quicker. Medicare went in the red in 08. SS is now in the red this year. They need to be ended gone private.

The insurance companies now are on the hook for billions each year for new taxes that just got passed. The drug companies are also on the hook for billions. I was listening to it today and it apparently was in the WSJ yesterday of the day before. I haven't had time to read it myself. Google WSJ and healthcare bill and you should find it.

Now for HRC Health Ins are going to get 32 million new customers from HCR

No they don't. 30 million got stuck on medicaid. Those without insurance today, the majority are there by choice. They didn't want to pay for insurance before and they won't today. Obama has screwed the states and are adding them to medicaid and current bill has the Feds stopping paying the bill in 2016 at which point it will all colapse. Insurance companies are going to have to dramatically raise rates due to a bigger burden placed on them. Someone must pay to cover the adults being added to their parents bill. Someone has to pay for the pre-exisiting medical needs. The insurance companies will be raising rates. Caterpillar annouced 110 million bill first year. AT&T annouced 1 billion. John Deere annouced something but I can't remember the amount. This bill is a huge job killer.

[bigturkeys]

Sir, you are a very knowledgeable and astute person. But in 1980 Pres Regan instituted the policy know as trickledown. Futher Croporations of America started outsourcing Manufactoring jobs to foreign countries. The trade deficits and treaties with foreign countries along with the laws pursured thru congress by lobbyist change America from a industrial giant to a service industry economy.I do remember in world War 1 and 2 it was the industrial might of The United States of America and the blood of our armed forces allowing us to live in freedom.

Under Pes Bush 1 we learn how to fight in deserts for oil while super highways were built in Texas to transport product from mexico into the United states.Why? More outsourcing of American industrial jobs.More trickle down economics .

Under Pres Clinton we experienced NAFTA! this opened up the flood gates of our borders.But we prospered for 8 years and left the nation in the black.

The cumlative trama disorder started in 1980 with the outsourcing of American jobs balloned under Pres Bush 2. 5.2 million more jobs outsourced and we used taxpayer money to pay the corporations to do so .

Now we have legacy troubled corporations ,social security,medicaid,medicare programs.We can not compete in global markets because they have health care. Ie Canada car assembly apprx $647 cheaper then U.S. (1992 numbers). You cannot unemploy your workforce of this country and expect to keep S.S.,medicaid, and medicare funded!

And yes Health Ins going to get new customers. People that are working will get tax credit to help afford private health Ins

[Fieldmouse]

Futher Croporations of America started outsourcing Manufactoring jobs to foreign countries. The trade deficits and treaties with foreign countries along with the laws pursured thru congress by lobbyist change America from a industrial giant to a service industry economy.

Wrong, Your new around here and I have gone through this many many times. What occuring in our country since before Reagan has been automation. Our country looses by far the most manufacturing jobs due to robotics not out sourcing. Our manufacuting in this country has been growing at a 4% rate for the last 6 decades not shrinking. We are seeing the same change over that farming saw in the early 20th century. Our Farming job's base was close to 50% of the population. Today it's single digits however, we produce more. Manufacturing is the same way today. We still make 75% of the good consumed in America, in America. 95% of the goods that are out sourced overseas, stay overseas.

Under Pes Bush 1 we learn how to fight in deserts for oil while super highways were built in Texas to transport product from mexico into the United states.Why? More outsourcing of American industrial jobs.More trickle down economics .

How's Obama trickle up working for ya? Miss Bush yet?

Under Pres Clinton we experienced NAFTA! this opened up the flood gates of our borders.But we prospered for 8 years and left the nation in the black.

Oh, I won't tell you we didn't do good but that was due to the internet boom. Also, we were NEVER in the black under Clinton. We always had budget deficits under him as well.

The cumlative trama disorder started in 1980 with the outsourcing of American jobs balloned under Pres Bush 2. 5.2 million more jobs outsourced and we used taxpayer money to pay the corporations to do so .

Once again your wrong. Manfacturing has grown. What shall we do, outlaw robots?

Now we have legacy troubled corporations ,social security,medicaid,medicare programs.We can not compete in global markets because they have health care. Ie Canada car assembly apprx $647 cheaper then U.S. (1992 numbers). You cannot unemploy your workforce of this country and expect to keep S.S.,medicaid, and medicare funded!

False, we just came off of historic employment rates. Medicare, medicaid and SS have been known to be unsustainable for years. What's going on isn't a susprise except to the Dems I guess.

We can not even buy U.S.A made steel Because of the unfair treaties we have sign! We have went from industrial giant to nation of whore selling or jobs to the cheapest country! founded by our tax paying dollars!!!!!

Are you sure? My brother in law lives in WV and works for a steel manufacturing company. I know there are a few of them around in the Ohio Valley.

And yes Health Ins going to get new customers. People that are working will get tax credit to help afford private health Ins

I only hope you hang around til at least next year when insurance premiums shot through the roof as many already know they will. Our healthcare problem lies at the feet of Uncle Sam. They are the largest insurance company by far, deny more claims by far and then refuse to pay the full bill at the doctors office (only 70 cents on the dollar) causing insurance companies and us to pick up the difference. It's only going to get worst until the Republicans can repeal this bill.

[Fieldmouse]

John Deere:

Healthcare bill will cost 150 million in 2010. Thank you Obama!

[bigturkeys]

Originally Posted by Fieldmouse

Wrong, Your new around here and I have gone through this many many times. What occuring in our country since before Reagan has been automation. Our country looses by far the most manufacturing jobs due to robotics not out sourcing. Our manufacuting in this country has been growing at a 4% rate for the last 6 decades not shrinking. We are seeing the same change over that farming saw in the early 20th century. Our Farming job's base was close to 50% of the population. Today it's single digits however, we produce more. Manufacturing is the same way today. We still make 75% of the good consumed in America, in America. 95% of the goods that are out sourced overseas, stay overseas.

What you fail to talk about is we have grown in is making raw material/parts , like technical textiles, sophisticated components/chemicals. Then we export the raw material/parts to other countrys. So they can then make the end user items "cloths/toys/sporting goods/computers ect........" and ship them back to us to be sold in our retail stores. Inclued in your % also is pharmaceuticals and yet look at what they cost us??????

Originally Posted by Fieldmouse

How's Obama trickle up working for ya? Miss Bush yet?

No I don't. But that does not mean I like obama either.

Originally Posted by Fieldmouse

Once again your wrong. Manfacturing has grown. What shall we do, outlaw robots?

Look at my first answer.

Originally Posted by Fieldmouse

False, we just came off of historic employment rates. Medicare, medicaid and SS have been known to be unsustainable for years. What's going on isn't a susprise except to the Dems I guess.

False
The number with in the number.
Employment-population ratio Stop growing in 2000 and we have steadly have lost or stayed even up untill end of Bush term which it started to drop again In the beginning 2009 .. Why is the population importent to add in? Every year new people are add to the work force from kids getting out of high school to people leaving college.
More then welcom to use this site.

http://www.bls.gov/webapps/legacy/cpsatab1.htm

Originally Posted by Fieldmouse

.Are you sure? My brother in law lives in WV and works for a steel manufacturing company. I know there are a few of them around in the Ohio Valley.

Look up ‘Buy American’ Provision.

Originally Posted by Fieldmouse

I only hope you hang around til at least next year when insurance premiums shot through the roof as many already know they will. Our healthcare problem lies at the feet of Uncle Sam. They are the largest insurance company by far, deny more claims by far and then refuse to pay the full bill at the doctors office (only 70 cents on the dollar) causing insurance companies and us to pick up the difference. It's only going to get worst until the Republicans can repeal this bill.

Can you show some proof? My sister husban was is a Officer in the Navy " retired" and she loves her Health Ins. Infact she says it's better then what most people can get. Her words not mine.

[Dangermouse]

bigturkeys good post after twenty years independents aint buying it any more, if the GOP continue they will cease to exist as a political party.

They spout about deregulation, and corporate head after corporate head destroys companies to line their own pockets. trusting them is equivalent to not having a speed limit in a school zone.

While we hear about unions killing GM, Ross Perot said management was killing the company in the 80s, which the company was glad to buy his stock and send him on his way.

Ross also said NAFTA was giving away the US industrial strength. But Corp heads(dead weight) couldnt fleece more money if they were paying a living wage.

NAFTA which lost a large amount of well paid jobs helped create our economic crisis. It just took awhile for the job loss to reach critical mass.

[Dangermouse]

bigturkeys good post after twenty years independents aint buying it any more, if the GOP continue they will cease to exist as a political party.

They spout about deregulation, and corporate head after corporate head destroys companies to line their own pockets. trusting them is equivalent to not having a speed limit in a school zone.

While we hear about unions killing GM, Ross Perot said management was killing the company in the 80s, which the company was glad to buy his stock and send him on his way.

Ross also said NAFTA was giving away the US industrial strength. But Corp heads(dead weight) couldnt fleece more money if they were paying a living wage.

NAFTA which lost a large amount of well paid jobs helped create our economic crisis. It just took awhile for the job loss to reach critical mass.

[Fieldmouse]

What you fail to talk about is we have grown in is making raw material/parts , like technical textiles, sophisticated components/chemicals. Then we export the raw material/parts to other countrys. So they can then make the end user items "cloths/toys/sporting goods/computers ect........" and ship them back to us to be sold in our retail stores. Inclued in your % also is pharmaceuticals and yet look at what they cost us??????

So you agree our manufacturing has been growing by 4% for the last 6 decades? You try and cite small items like cloths, toys, sporting goods and computers, but so what? Again, 75% of the products we consume are made in USA. I could go down the list of manufactures opening shop here in America from car's, jets, consumer goods.......

Look at my first answer.

I did and you made the claim we have grown.

False
The number with in the number.
Employment-population ratio Stop growing in 2000 and we have steadly have lost or stayed even up untill end of Bush term which it started to drop again In the beginning 2009 .. Why is the population importent to add in? Every year new people are add to the work force from kids getting out of high school to people leaving college.
More then welcom to use this site.

Again, non-responsive answer. You have failed to address the fact the it has been know for years that Medicare and medicaid along will SS are unsistainable. You post a link that has shown our historic jobs level. It even backs what everyone except the Dems refuse to reconize. We have baby boomers retiring and that has exposed the PONZI scheme. We now have less workers paying for the benefits of the old farts. The well has run dry. You also fail to address the fact while manufacturing has grown for decades, we have been loosing jobs through automation. Here read up on this:
http://www.edcchicago.org/presentati...C%20080625.pdf

Look up ‘Buy American’ Provision.

You told me we no long manufacture steel here in America, yet my BIL works for a steel company in WV manufacturing. Guess we'll put that down as your wrong.

Can you show some proof? My sister husban was is a Officer in the Navy " retired" and she loves her Health Ins. Infact she says it's better then what most people can get. Her words not mine.

What in the world does this have to do with the fact the government only pays 70 cents on the dollar when it comes to hospital bills? I guess, if she really loves her medicare great. Not many poster's on this forum are very happy with the VA care they have received. You can put me down as a disatified customer but again, it doesn't change the fact the government doesn't pay it's bills. Doctors refuse to take new medicaid and medicare patients because they loose money. This has been happening accross the country. Walgreens in Oregon has now annouced the ending of accepting any new medicaid customers because they loose money.

Dangermouse:

NAFTA which lost a large amount of well paid jobs helped create our economic crisis. It just took awhile for the job loss to reach critical mass.

If NAFTA was so bad, why did we add 22 million jobs since it was signed?