Danny Panzella
TheMadProphet.com
3/3/2010
To the Conservatives who thought the insurance industry DIDNT want Obamacare, and to the Liberals who thought Obamacare was about helping the poor…
Here is your wakeup call. Health-Care Stocks Up After House OK's Overhaul
Conservatives will call this socialism. And they are right. But not in the way they are thinking. This is not about some liberal communism where the free market is banished and the government controls everything so that the poor are taken care of.
This my friends is fascism in its finest hour. This is private corporations, the wealthiest most powerful insurance companies, pulling the governments strings to destroy its competition, and force people who don’t pay healthcare premiums, to start paying to them. Hence: healthcare stocks up. (they are up 28% since Oct)
Jan Schakowsky was telling the truth last year when she said they wanted Obamacare to put the insurance companies out of business.
Jan neglected to mention it is not ALL private companies they intend to put out of business; just not the ones her and the rest of the congress are invested in. Congress is exempt from Insider trading laws, and can buy stocks based on its knowledge of upcoming legislation or other non-public information.
"Federal agency officials are generally prohibited from buying and selling stock in the companies they oversee. But Congress long ago exempted itself from ethics rules regarding investments. At one time this exemption made sense: Farmers wanted to be able to serve on the Agriculture Committee without selling their farms, for example. But many lawmakers now interpret this exception as carte blanche to invest after taking office. Says Sheila Kaplan, MA, Berkeley Graduate School of Journalism.
Editors note: There is currently a bill in congress called the H.R. 682 Stop Trading on Congressional Knowledge Act'. or “The STOCK Act”
The myth that insurance companies “hate” this bill is misinformation perpetuated by the corporate controlled media designed to keep conservatives fighting to “preserve the free market”, and liberals fighting to stick it to the greedy corporations so the poor can be taken care of. This bill will do neither.
This bill is almost identical to the plan written by AHIP, the insurance company trade association, in 2009. The original Senate Finance Committee bill was authored by a former Wellpoint vice president. Since Congress released the first of its health care bills on October 30, 2009, health care stocks have risen 28.35%. Reported Jane Hamsher of FireDogLake.com
NASDAQ.com reported March 23rd 2010 that: Health-care providers, drug companies and device makers are expected to see a neutral or even a positive impact from the legislation. Hospitals, clinical laboratories and pharmaceutical companies will see a deluge of new customers and could potentially benefit if millions of more Americans are insured.
The article then went on to say new regulations such as barring insurance companies from denying coverage to individuals with pre-existing conditions -- “and limit their ability to differentiate insurance premiums based on a customer's age and other factors.”
The larger companies wont be as affected by these regulations as smaller insurers will be forced out of business sending their customers to the larger companies. (Sound familiar? The large banks pulled a similar scheme during the recent economic/bailout debacle. They cooked their books to show losses, ask for bailouts, then buy other failing banks to consolidate their wealth and market share.)
The bottom line? The biggest, wealthiest corporations, their owners and top executives also known as the corporatocracy use the US government as its enforcer, the way the mafia uses bought and paid for cops and judges to make sure local businesses are paying their “protection money”, and put their competition out of business insuring they dominate their market.
This relationship between government and the Fortune 500 is evidenced by the revolving door between these companies, and government positions both elected and appointed.

