Daily News Updates - Health Insurance News

Assessing Obama’s Divergence From McCain, Pt.5 – Revolt against the revolting.

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Mr. Oberlander estimates that that the bundle of availing such good health insurance to the 45.7 million Americans who have none, as Mr. Obama proposes, would be more likely reach a figure closer to $120 billion. This, of course, is double the $50 billion to $65 billion that Obama is proposing to accomplish it with. The major source that Mr. Obama has tagged to provide this health insurance funding is from allowing the ‘obscene tax break’ Bush just gave to those being paid over a quarter billion dollars annually, to expire in 2010. According to the Economics Policy Institute, the average pay for these executives has risen from 50 to 100 times as greater than the average American worker during the Clinton years to an incredible 300 times as great figure. All this has taken place since Bush just ‘just gave them’ this tax break! Even Mr. McCain, at the time, was against it. But now he’s changed his mind. Mr. Obama is committed to the belief that this tax money would be much better spent by providing health insurance to a nation which has been so neglectful to its own health and wellbeing.

Moving to the next topic of health insurance regulation, only two weeks ago Mr. McCain was declaring himself to be the ‘King of de-regulation’. Then came the $700 billion bomb. If the American voters have any intelligence at all, they will rise up vehemently against such abuse. A whole new climate needs to evolve concerning accountability of, not only corporate greed and neglect with reckless abandon, but also inept high-level government officials. There needs to be serious congressional inquisitions. Our country is almost back to the days of the Boston Tea Party. Our ordinary citizens have become oppressed, that we have been accepting a life where 18,000 to 22,000 of us die each year for lack of health insurance.

Continued…
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