The New Gilded Age
Robber Barons
Insurance is the Symptom; the disease is runaway pricing by the
Medical Industrial Complex
DYI: The Medical Industrial Complex is the
underlining problem insurance is only treating the symptom of runaway costs. This industry notoriously colludes in order
to price fix; creates local monopolies and trolls individuals insurance to
extract the maximum. Hospitals and Doctors’
offices especially corporate owned will not publish their prices making it
impossible to comparison shop based upon price and perceived quality. All of these activities are ILLEGAL with
civil AND criminal punishment that were passed over one hundred years ago
taking on the robber barons of the gilded age.
The Attorney general Sessions must begin prosecuting in order to drain
this swamp of vipers by enforcing the Robinson-Patman, Clayton, and the granddaddy
the Sherman Anti-trust Act. Health care
prices will fall on average 75%. That is
not a typo!
Legislation
will be required to allow for reimportation of pharmaceuticals. This basic business practice was made illegal
due to the MASSIVE campaign bribes – I mean donations – rescind immediately. By doing so; drug prices will easily fall by
50% for new drugs and upwards to 90% for generics.
Why
Mr. President you are not going this route is a mystery as you managed over
thousands of employees you had to be aware of the meteoric price increases from
hospitals, doctor offices, and drug prices that is responsible for pushing up
premium payments? At the current average
rate for price increases – 9% - the Medical Industrial Complex within 5 years
will go from consuming 20% to 30% of GDP.
Triggering massive premium insurance payments whether it is Obama Care or
some other form of insurance and causing Medicare and Medicaid to consume
larger and larger share of the U.S. budget along with creating a health care
induced moribund economy!
It’s
time to drain the swamp and by the way Mr. President your new Attorney General
must begin prosecuting the banks and Wall Street as well.
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