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Wall Street and Healthcare

Discussion in 'Political Discussion' started by wistahpatsfan, Mar 22, 2010.

  1. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Why isn't anyone on TV or in Congress saying anything about the winfall profits that will be realized by the corporations because of this "healthcare reform" bill? Some of the crooks in DC would have you believe it's about "compassion for the uninsured" or "saving the unborn"...BALONEY! A wise man once said: "Follow the money!" We've all been had. There is no "left" and "right" in the real world. There's only "making money" and "making more money".

    UPDATE: Hospital, Medicaid Stocks Rise On Health Vote - WSJ.com

    ...Passage of the measure promises relief to hospitals providing uncompensated care to uninsured patients. It also should expand Medicaid enrollment, thereby boosting business for health insurers focused on providing coverage through the government program for lower-income and disabled Americans.

    ...For medical devices, investors have long known the overhaul would entail an industry tax. Now they know specifically that the House-approved legislation would add a 2.3% excise tax starting in 2013. Some questions remain, such as how much device companies can pass to hospitals, but investors now at least know what the industry will pay, said Tim Nelson, a senior health-care analyst at FAF Advisors Inc. in Minnesota, which owns shares of device companies.

    ...In the drug arena, ViroPharma Inc. (VPHM), a biopharmaceutical company, and its peers are seen as benefiting from a provision creating a 12-year exclusivity period before their products could be subject to "biosimilar," or generic competition, Jefferies & Co. noted. This would add five years to the seven that ViroPharma has for its Cinryze medication, Jefferies analyst Thomas Wei said. ViroPharma gained 5% to $14.14.


    ...discuss...
     
  2. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Some of us have been pointing this out for months citing passeges in the bill. Why are you suprised?

    BTW the Bill also cut off funding to states that pass tort reform and caps trial lawyers fees.
     
  3. Holy Diver

    Holy Diver Pro Bowl Player

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    #80 Jersey

    whaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaat?

    Thats like me saying "BTW the bill also poisons white people who voted for McCain"


    NO source, just an aside? please provide a source for that, and a link to the language in the bill that says that....thanks.
     
    Last edited: Mar 22, 2010
  4. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Oh really? I musta missed that! Ummmm...maybe it's because I don't live here all day everyday.

    My point was not so much who is gaining and losing on Wall Street as who was full of crap and who was oblivious to anything because they were too partisan and reflexive to the cries and lies of both parties. Republicans were freaking out about the Congressman from SD who switched because of some crap about abortion funding while the democrats are claiming that this will save money...as if either of those had anything to do with "reforming" healthcare. There's a good word- "healthcare". It's come to mean the difference between left and right, capitalism and socialism. Honestagod, these liars on Wall Street and Congress will make any issue about those things because Americans can't see the forest through the trees. Gullible as usual.
     
  5. mcgraw_wv

    mcgraw_wv In the Starting Line-Up

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    Ive been looking into Healthcare firms to invest in all day. Nothing really jumps out at me as they already seem to have this news built into their price.
     
  6. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    One of the other threads I cited the section and language. The dems protected their ambulance chasing buds. you are aware of how much the trial Lawyers contribute to dems right?
     
  7. Holy Diver

    Holy Diver Pro Bowl Player

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    #80 Jersey

    Fail.

    Please link the language. Please provide something.

    I know lawyers give money to dems AND republicans. I know Health insurers give money to dems AND republicans.

    I also know Health insurers put out misinformation to people like YOU and watch as you spew falsehoods without facts.

    THUS, I'm asking you to back up your claim with more than "I posted a link in another thread"


    YOU Made the claim, YOU back it up.
     
    Last edited: Mar 22, 2010
  8. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    I think that's the problem with this country and it's only going to get worse since the Supremes gave that gift to the corporations this winter.

    Such bullsh!t from both sides, though, about their concerns for people, born and unborn, and their hatred for all things the other side represents. Dems in particular should be ashamed of themselves for letting Repubs slap them around on this. No matter which side you're on, you have to look in AWE at hoe the Obamans caved on most of their original agenda...and be equally in AWE at how the Republicans wouldn't give one inch on anything in the original bill, going so far as to say they wanted to scrap it and start over. How infantile!

    If Obama had the nuts and fired Rahm Emmanuel, he could have driven ANY bill through this Congress. He's a lousy politician and has no clue how to turn the screws when they need turning.

    Also very disappointed in Kicinich. I disagree with him on a lot of things, but I used to think he had the most principles in Congress. Maybe he should quit before he loses his soul.
     
  9. Real World

    Real World Moderator Staff Member

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    Wistah, this bill sucks. It's that simple. Businesses, or industries, will just pass on these taxes. So while the gubmit will get the revenue from a 2.3% tax on devices, it's the consumers who will give that 2.3%, plus a fee, to the companies in the first place.

    Wow, from 7 years to 12 years for Big Pharma. LOL. Anyone ever wonder why there is a CVS, Walgreens, or Rite-aid going up at every intersection, or mile marker on a major highway? D-R-U-G-S. It's nice to see that these companies will be able to murder the system for an additional 5 years with their bloated prices for prescription medication.

    Think about those 30+ million we're now going to pay insurance for. How many of those people are on the lower end of the proverbial totem pole? How many of those people will go to the doctor and get medication for everything from their hurt feelings, to the anxiety they claim to have, to the cholestoral problem that exists from the daily Burger King they eat. Nice! Think of all those new adicts the gubmit (i.e. you and me Joe Taxpayer) is going to pay them to treat. Imagine if Amnesty passes and another 20 million or so free loaders are given an all-you-can-treat card to the local hospital, while nothing has been done to curb the costs of the actual care. RIP America.

    Meanwhile, unions are still exempt. Nice! Nebraska doesn't pay what Mass has to. Nice! The IRS, and it's soon to be hired 16,500 new agents, will decide whether or not my "coverage" is sufficient, and if not, can audit me at any time. Nice!

    Papers please.

    [​IMG]
     
  10. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    The next item on the agenda is giving amnesty to illegal aliens, so another 30 mill on the government dole.... that hasn't been factored into the cost YET.
     
  11. Real World

    Real World Moderator Staff Member

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    Call me crazy, but I just can't see Amnesty ever passing in this climate. The people won't have it after this debacle. I think if the admin, or pols in general, attempt to pass Amnesty right now, we will see rioting, civil unrest, and potential violence against suspected illegals. I hope and pray that doesn't happen, but I think the populace is truly at the brink right now. Tax paying Americans are not happy. They're not happy with the spending, with being ignored, nor with the processes being used in DC right now. This is just my opinion anyway.
     
  12. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Obama=Hitler!!?? That's insane and childish, not to mention hugely offensive to anyone who had to suffer because of the Nazis. Where the hell did you get that from?

    I agree with much of what you post, but you're saying it in a vacuum. The Republicans had plenty to do with this bill being the way it is. I don't know who will get more money from the medical industry for the next elections, but I'll bet that it'll be a lot to both.

    And You're being way overdramatic with the "RIP America" jive. America won't end the same way it didn't end after the New Deal, and the Great Society, and Civil Rights and on and on...My problem is, where the hell were the republicans when NAFTA was being rammed down our throats. We're going broke because the corporate government decided back in the Reagan Admin that there should be "Open Trade" and a "Global Economy" knowing full well that it would destroy the middle class and our manufacturing base. No one cares about NAFTA anymore because we have a new America killer in town: HEALTHCARE!!!!

    Keep your eye off the ball, America, and pay no attention to the man behind the curtain! "JOBS" is a four-letter word.
     
  13. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    You're wrong. Americans don't care. All they want is a cushy early retirement, a flat screen, and Viagra. Don't count on any "outrage". There isn't enough to matter.
     
  14. patsfan13

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    They will push it, they need the votes to get dem congress pols elected after the anger over the HC bill. Plus some of the RINO's McCain Graham, Collins will support it.
     
  15. Wolfpack

    Wolfpack Banned

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    Just out of curiousity, were you this outspoken when the left spent most of this decade making the same comparison between Bush and Hitler? Or is your Hitler-sensitivity restricted to only one political party's darlings?
     
  16. Real World

    Real World Moderator Staff Member

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    I didn't say Obama=Hitler. The picture is in reference to agents from the IRS (gubmit) being able to audit you over health insurance. Hence, "papers please".

    Free trade is a big reason why manufacturing is gone in this country. One of the biggest problems with these agreements is that they don't require enough of the companies, or countries, where which these jobs are being transferred to. For example, if the US mandated that these companies follow US codes, or pay X in wages, then we wouldn't have seen such a mass migration in manufacturing. The way these deals are structured, are penny cheap, dollar foolish. I'm not opposed to trade agreements, just like I'm not opposed to social programs. What I am opposed to, is give aways, blank check welfare (corporate and domestic), and fiscal insanity. RIP America is coming Wistah. The US is in danger of losing its AAA rating. You mention the New Deal. Well, there are 70 million Baby Boomers coming into the market in the next 10 years. With a 2 to 1 spread on those paying in, versus those collecting, how long do you think we're going to last? Especially with a $12 Trillion deficit and rising? I hate to break it to you, but we're ****ed.
     
  17. Real World

    Real World Moderator Staff Member

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    They cared enough to derail it just a couple of years ago. They called DC to the point of frying the phone system. That plan had genuine bipartisan support, during a good economy.
     
  18. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    I've been steady on this. I think any comparison of anyone to Hitler is absurd, over-dramatic, and insulting. Do you think it's OK as long as Dems did it to Bush or do you just think it's OK to insult the torture and murderous genocide many groups had to endure under Hitler?
     
  19. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Oh crap! My bad. I thought that was a cartoon of Obama dressed as a Hitler Youth Brigade member with the Obama "O" logo replacing the circle with a swastika. I'll man-up and admit I was mistaken.

    I agree with the rest of your post, though...right up to where you say "we're ****ed". There's not a lot anyone can do to us. When push comes to shove, we'll be OK in the long run.
     
  20. Mrs.PatsFanInVa

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    #24 Jersey

    How could you have possibly thought that a cartoon of Obama dressed up as a Hitler Youth Brigade membe with the Obama "O" logo replacing the circle with a swastika wasn't perfectly innocent?

    And who would even begin to imagine that anyone who lost relatives in the Holocaust would find it insulting or offensive - or even just be saddened by seeing it?

    And whom in their wildest dreams, would imagine that there could be some of those people right here on this board????

    I mean, really now, come-on.
     

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