Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
How Sony Is Fueling the Computer Vision Boom - 3rd Aug 20
Computer Gaming System Rig Top Tips For 6 Years Future Proofing Build Spec - 3rd Aug 20
Cornwwall Bude Caravan Park Holidays 2020 - Look Inside Holiday Resort Caravan - 3rd Aug 20
UK Caravan Park Holidays 2020 Review - Hoseasons Cayton Bay North East England - 3rd Aug 20
Best Travel Bags for 2020 Summer Holidays , Back Sling packs, water proof, money belt and tactical - 3rd Aug 20
Precious Metals Warn Of Increased Volatility Ahead - 2nd Aug 20
The Key USDX Sign for Gold and Silver - 2nd Aug 20
Corona Crisis Will Have Lasting Impact on Gold Market - 2nd Aug 20
Gold & Silver: Two Pictures - 1st Aug 20
The Bullish Case for Stocks Isn't Over Yet - 1st Aug 20
Is Gold Price Action Warning Of Imminent Monetary Collapse - Part 2? - 1st Aug 20
Will America Accept the World's Worst Pandemic Response Government - 1st Aug 20
Stock Market Technical Patterns, Future Expectations and More – Part II - 1st Aug 20
Trump White House Accelerating Toward a US Dollar Crisis - 31st Jul 20
Why US Commercial Real Estate is Set to Get Slammed - 31st Jul 20
Gold Price Blows Through Upside Resistance - The Chase Is On - 31st Jul 20
Is Crude Oil Price Setting Up for a Waterfall Decline? - 31st Jul 20
Stock Market Technical Patterns, Future Expectations and More - 30th Jul 20
Why Big Money Is Already Pouring Into Edge Computing Tech Stocks - 30th Jul 20
Economic and Geopolitical Worries Fuel Gold’s Rally - 30th Jul 20
How to Finance an Investment Property - 30th Jul 20
I Hate Banks - Including Goldman Sachs - 29th Jul 20
NASDAQ Stock Market Double Top & Price Channels Suggest Pending Price Correction - 29th Jul 20
Silver Price Surge Leaves Naysayers in the Dust - 29th Jul 20
UK Supermarket Covid-19 Shop - Few Masks, Lack of Social Distancing (Tesco) - 29th Jul 20
Budgie Clipped Wings, How Long Before it Can Fly Again? - 29th Jul 20
How To Take Advantage Of Tesla's 400% Stock Surge - 29th Jul 20
Gold Makes Record High and Targets $6,000 in New Bull Cycle - 28th Jul 20
Gold Strong Signal For A Secular Bull Market - 28th Jul 20
Anatomy of a Gold and Silver Precious Metals Bull Market - 28th Jul 20
Shopify Is Seizing an $80 Billion Pot of Gold - 28th Jul 20
Stock Market Minor Correction Underway - 28th Jul 20
Why College Is Never Coming Back - 27th Jul 20
Stocks Disconnect from Economy, Gold Responds - 27th Jul 20
Silver Begins Big Upside Rally Attempt - 27th Jul 20
The Gold and Silver Markets Have Changed… What About You? - 27th Jul 20
Google, Apple And Amazon Are Leading A $30 Trillion Assault On Wall Street - 27th Jul 20
This Stock Market Indicator Reaches "Lowest Level in Nearly 20 Years" - 26th Jul 20
New Wave of Economic Stimulus Lifts Gold Price - 26th Jul 20
Stock Market Slow Grind Higher Above the Early June Stock Highs - 26th Jul 20
How High Will Silver Go? - 25th Jul 20
If You Own Gold, Look Out Below - 25th Jul 20
Crude Oil and Energy Sets Up Near Major Resistance – Breakdown Pending - 25th Jul 20
FREE Access to Premium Market Forecasts by Elliott Wave International - 25th Jul 20
The Promise of Silver as August Approaches: Accumulation and Conversation - 25th Jul 20
The Silver Bull Gateway is at Hand - 24th Jul 20
The Prospects of S&P 500 Above the Early June Highs - 24th Jul 20
How Silver Could Surpass Its All-Time High - 24th Jul 20
China Recovered in Q2. Will the Red Dragon Sink Gold? - 23rd Jul 20
UK Covid19 MOT 6 Month Extensions Still Working Late July 2020? - 23rd Jul 20
How Did the Takeaway Apps Stocks Perform During the Lockdown? - 23rd Jul 20
US Stock Market Stalls Near A Double Peak - 23rd Jul 20
Parking at Lands End Car Park Cornwall - UK Holidays 2020 - 23rd Jul 20
Translating the Gold Index Signal into Gold Target - 23rd Jul 20
Weakness in commodity prices suggests a slowing economy - 23rd Jul 20
This Stock Market Stinks - But Not Why You May Think - 22nd Jul 20
Protracted G7 Economic Contraction – or Multiyear Global Depression - 22nd Jul 20
Gold and Oil: Be Aware of the "Spike" - 22nd Jul 20
US Online Casino Demographics: Who Plays Online For Money? - 22nd Jul 20
Machine Intelligence Quantum AI Stocks Mega-Trend Forecast 2020 to 2035! - 21st Jul 20
How to benefit from the big US Infrastructure push - 21st Jul 20
Gold and gold mining stocks are entering a strong seasonal phase - 21st Jul 20
Silver Eyes Key Breakout Levels as Inflation Heats Up - 21st Jul 20
Gold During Coronavirus Recession and Beyond - 21st Jul 20
US Election 2020: ‘A Major Bear Market of Political Decency’ - 21st Jul 20
Summertime Sizzle for Gold and Silver - 21st Jul 20
Overclockers UK Custom Built PC Review - Delivery and Unboxing (3) - 21st Jul 20
Will Coronavirus Vaccines Become a Bridge to Nowhere? - 20th Jul 20
Stock Market Time for Caution?  - 20th Jul 20
ClickTrades Review - The Importance of Dynamic Analysis and Educational Tools in Online Trading - 20th Jul 20
US Housing Market Collapse Second Phase Pending - 20th Jul 20
Capitalising on the AI Mega-trend - 20th Jul 20
Getting Started with Machine Learning - 20th Jul 20
Why Moores Law is NOT Dead! - 20th Jul 20
Help the Economy by Going Outside - 19th Jul 20
Stock Market Fantasy Finance: Follow the Money - 19th Jul 20
Did the Stock Market Bubble Just Pop? - 19th Jul 20
Quick Souring of the S&P 500 Stock Market Mood - 19th Jul 20
The Six-Year Jobs Recession - 19th Jul 20
Silver Demand Exploding! - 18th Jul 20
Tesco Scraps Covid Safe One Way Arrow Supermarket Shopping System - 18th Jul 20
The Rise of Online Pawnbroking - 17th Jul 20
Gold Rallies Together With U.S. Covid-19 Cases - 17th Jul 20
Gold & Silver Measured Moves - 17th Jul 20
The Bizarre Mathematics Of How Negative Interest Rates Create Stratospheric Profits - 17th Jul 20
From a Stocks Bull Market Far, Far Away, Virus Doomsday Scenerio! - 16th Jul 20
Fiscal Cliffs and the Self-destructing Treasury - 16th Jul 20
Dow Stock Market Crash Watch - Update - 16th Jul 20
Gold & Silver Gaining on US Dollar Weakness - 16th Jul 20
How to Find the Best Stocks to Invest In - 16th Jul 20
Overclockers UK Custom Build PC Review - 2. System Build Changes Communications - 16th Jul 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Americans Get Screwed Again by Bought-Off Washington Officials

Politics / Healthcare Sector Sep 16, 2009 - 01:56 PM GMT

By: Mike_Stathis

Politics

Best Financial Markets Analysis ArticleAfter meeting yesterday to wrap up the final touches on the Senate Finance committee's healthcare reform bill, Committee Chairman, Senator Max Baucus - a very good friend of the healthcare industry, has announced the bill is ready for a vote as early as next week. 


It is thought that the final bill making its way through the Finance Committee has the best chance of passing. 

Why, you ask?  

Quite simply because Senator Baucus is essentially working for the healthcare industry. Therefore, his bill is likely to be that most favored by republicans.

http://finance.yahoo.com/..

Baucus has been so loyal to industry lobbyists that they were the first to see the early version of the bill a couple of weeks ago, according to an admission by a White House spokesperson.

That's right. Baucus didn't send the bill to the president, his Chief Strategist David Axelrod, or other members of Congress. 

He sent it to healthcare lobbyists so they could advise him of changes favorable to their industry. 

Perhaps that is why the bill does not include a government insurance option to compete with the healthcare mafia, as originally promised by President Obama. 

In fact, even Obama’s most ambitious plans for healthcare reform fall way short of what is needed because he does nothing to address the biggest problem – unhindered price hikes by the industry.

Thus, his solution of providing subsidized healthcare insurance to qualified Americans while requiring all others to have it merely creates a bigger gravy train for the HMOs. 

Thus, Obama’s healthcare reform may turn out to be the insurance industry's counterpart to the Bush’s Medicare Part D (taxpayer-funded) gravy train for the drug industry.

Whether a government insurance option is provided or not, healthcare is likely to be made worse because you will be required to buy private market insurance or face a penalty.  This mandate is likely to boost total revenues to insurers, most likely with no pressures to compete for price.  We are likely to see more industry collusion. 

Thus, the plan only ensures higher profits for the health insurance industry, compliments largely of taxpayers.

As you can imagine, healthcare reform is going to be a big winner for HMOs.  Investors should take note.

It just might turn out to favor illegal aliens since they won't be covered under the plan and thus won't be fined for not having health insurance issued by this syndicate.  Thus, they will escape the vicious claws of America’s healthcare mafia.

Baucus might feel he owes the industry some favors since he has received more than $5,000,000 from healthcare lobbyists since 2008. Clearly, Baucus has been bought off, similar to most others in Congress. Baucus just happened to get the biggest payout.

http://www.npr.org/..

To confirm his loyalty to the industry, he has even hired former lobbyists to serve on his panel for healthcare reform.

http://www.politico.com/news/stories/0909/27155.html

This is a disgrace.  How can the American people allow this dog-and-pony show to continue?  

"This is a good bill. This is a balanced bill," Baucus told reporters. 

A balanced bill is not something acceptable. "Balanced" means a bill balanced with the same illegal, extortionist policies that have created the world's most costly, least efficient healthcare system. 

This is no time for balance. You do not negotiate with terrorists.  You shut them out and send them to jail. 

Senate Majority Leader Harry Reid, a Democrat, said, "Everyone should understand it's just the beginning, but it's a good beginning."

Well of course it is Senator Reid, but only because you say so.

As you might imagine, Reid is also in bed with the healthcare industry, as is virtually every other member of Congress. Let’s take a look at the findings from the Campaign Action Fund:

·         Members of five committees working on health care reform legislation received $187.1 million in campaign contributions

·         Elected officials who voted against health reform legislation received 65% more in contributions from health and insurance interests than officials who voted for reform

·         Health reform legislation is bottled up in two committees whose members have received nearly $100 million

http://www.campaignmoney.org/threevotes

These guys make me sick to my stomach. 

I have said it many times before and I will say it again and again until the American people wake up and demand an end to crony capitalism. 

The single-most critical thing that can be done to reclaim America is to ban all lobbyist activities and donations. 

Until Americans demand this, they will continue to get screwed. 

One additional note to add.  Last week, I sent a late draft of my book America's Healthcare Solution to Baucus and Obama's chief Strategist David Axlerod. 

As you might imagine, I have heard nothing. 

Sure, I know these guys could care less about a real solution to the healthcare crisis. 

All they care about is passing something to pacify the American public, while leaving the power in the hands of HMOs and drug makers.  But I wanted to go on record as having sent them the book so I know for a fact they are full of ####.  

They really are no different than corporate executives. That explains why the revolving door remains wide open between political office and corporate America.

I urge you all to call the White House and insist Senator Baucus be removed from the Senate Finance Committee and his healthcare lobbyist bill be tossed in the trash. 

Tell Obama you are sick of this all-bark, no-bite speeches, and empty bag promises. 

Tell him it's time to step up to the plate.

Comments to the President 202-456-1111

Senate Finance Committee (202) 224-4515

If you care about America, please email this article to everyone you know. 

If you want to understand the full spectrum of problems plaguing the healthcare system, along with the most viable solution, reserve your copy of America's Healthcare Solution today. 

I have been working on this book for some three years and it is in the final editing stage.  The page count is around 444, and is near the same length in terms of the number of words (140,000 words) as the extended version of America's Financial Apocalypse (165,000 words).

The price could go up as it has not yet been finalized. Currently it has been set at $34.95. 

Everyone who makes payment over the next month will receive a signed copy sent with free shipping (only US residents in the contiguous 48 states qualify for the shipping and book signing offer) at the price of $34.95, regardless if the price is raised. 

Those interested can email me at info@avaresearch.com  for payment details.

2

By Mike Stathis
www.avaresearch.com

Copyright © 2009. All Rights Reserved. Mike Stathis.

Mike Stathis is the Managing Principal of Apex Venture Advisors , a business and investment intelligence firm serving the needs of venture firms, corporations and hedge funds on a variety of projects. Mike's work in the private markets includes valuation analysis, deal structuring, and business strategy. In the public markets he has assisted hedge funds with investment strategy, valuation analysis, market forecasting, risk management, and distressed securities analysis. Prior to Apex Advisors, Mike worked at UBS and Bear Stearns, focusing on asset management and merchant banking.

The accuracy of his predictions and insights detailed in the 2006 release of America's Financial Apocalypse and Cashing in on the Real Estate Bubble have positioned him as one of America's most insightful and creative financial minds. These books serve as proof that he remains well ahead of the curve, as he continues to position his clients with a unique competitive advantage. His first book, The Startup Company Bible for Entrepreneurs has become required reading for high-tech entrepreneurs, and is used in several business schools as a required text for completion of the MBA program.

Restrictions Against Reproduction: No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the copyright owner and the Publisher. These articles and commentaries cannot be reposted or used in any publications for which there is any revenue generated directly or indirectly. These articles cannot be used to enhance the viewer appeal of any website, including any ad revenue on the website, other than those sites for which specific written permission has been granted. Any such violations are unlawful and violators will be prosecuted in accordance with these laws.

Requests to the Publisher for permission or further information should be sent to info@apexva.com

Books Published
"America's Financial Apocalypse" (Condensed Version)  http://www.amazon.com/...

"Cashing in on the Real Estate Bubble"  http://www.amazon.com/...

"The Startup Company Bible for Entrepreneurs"   http://www.amazon.com...

Disclaimer: All investment commentaries and recommendations herein have been presented for educational purposes, are generic and not meant to serve as individual investment advice, and should not be taken as such. Readers should consult their registered financial representative to determine the suitability of all investment strategies discussed. Without a consideration of each investor's financial profile. The investment strategies herein do not apply to 401(k), IRA or any other tax-deferred retirement accounts due to the limitations of these investment vehicles.

Mike Stathis Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules