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Kucinich: Take Insurance Profits to Pay For UHC
Yahoo finance ^ | 9/18/2009 | Aaron Task

Posted on 09/18/2009 6:13:12 AM PDT by albie

Kucinich: Take Insurance Industry Profits to Pay for Universal Health Care Posted Sep 18, 2009 07:00am EDT by Aaron Task Related: AET, CI, WLP, UNH, ^HCX, ^DJI, ^GSPC Sen. Max Baucus' health-care bill got the cold shoulder from Republicans, but the Montana Democrat isn't making any friends on the (true) left of the political spectrum either. "The people of the United States deserve a lot better than this," Rep. Dennis Kucinich (D-Ohio) says of the Baucus plan. "Unless you have a public option there is no way that you can drive down the cost for health care because the insurance companies won't have any competition." We can have it all, according to Kucinich: Universal health care without higher taxes or soaring deficits. How? By taking the profits away from the insurance industry and using them to pay for health care. "If we take that money" -- $800 billion a year by Kucinich's reckoning - "and put it into care we cover everyone," he says. "So of course we can afford it. When people know a plan exists where there's no more premium, co-pays and deductibles, where everyone is covered and where no one has to go broke...I think people will listen." You may say Kucinich is a dreamer, but he's a political realist too and understands the current environment doesn't support his vision. Still, he's disappointed with President Obama for supporting what Kucinich calls a "minimalist" approach to health-care reform.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS:
Moron! This would sink thousands of jobs, deplete 401K's even further and guarantee a complete gov takeover of all insurance!
1 posted on 09/18/2009 6:13:12 AM PDT by albie
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To: albie

But it’s a step toward communism, which Komrade Kucinich supports whole-heartedly.


2 posted on 09/18/2009 6:15:14 AM PDT by Ghost of Philip Marlowe (I'd rather be a teabagger than an ankle-grabber.)
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To: albie

The only way to drive down cost is to ration care to the sick. Healthy people do not cost a dime. Young people cost next to nothing. The old and sick are the ones who will be cut.


3 posted on 09/18/2009 6:15:35 AM PDT by screaminsunshine (!!)
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To: albie
Unless you have a public option there is no way that you can drive down the cost for health care because the insurance companies won't have any competition

Hey Denny Boy, you are looking at the wrong insurance. Take a look at the cost of medical malpractice insurance that medical professional must carry because your buddies refuse to address tort reform. Get those costs down and you have solved the problem.

4 posted on 09/18/2009 6:16:23 AM PDT by w1andsodidwe (Jimmy Carter(the Godfather of Terror) allowed radical Islam to get a foothold in Iran.)
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To: albie

I’m beginning to think he really WAS abducted by aliens.

What a moroon.


5 posted on 09/18/2009 6:17:50 AM PDT by WorkerbeeCitizen (The only time I want a Republican reaching across the aisle is to smack a liberal.)
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To: albie

There’s a twerp with a solid understanding of capitalism . . . a guy who has never had to meet a payroll . . . a guy who has never had to worry about return on investment . . . an absolutely blathering and blithering idiot courtesy of the morons on the west side of Cleveland. Hey, they also had a big hand in giving us Voinovich!


6 posted on 09/18/2009 6:19:25 AM PDT by laweeks
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To: albie

I wonder if that tall young Brit who married the diminutive Congresscreature has gotten her US citizenship yet.The day she does...she's gonna dump him and take half his stuff with her.

Assets,salary,pension...everything!

BWAHAHAHA!

7 posted on 09/18/2009 6:19:59 AM PDT by Gay State Conservative (Christian+Veteran=Terrorist)
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To: albie

why stop at insurance profits?
why not “take” everyone’s profits?

should supermarkets make profits selling food?
should landlords make profits providng shelter?
should car dealers and airlines make profits selling transportation?
should clothiers make profits selling clothing?
should banks make profits handling money?
aren’t these necessities and thus “rights”?
at least in Kucinich-topia


8 posted on 09/18/2009 6:20:29 AM PDT by silverleaf (If we are astroturf, why are the democrats trying to mow us?)
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To: albie
Moron! This would sink thousands of jobs, deplete 401K's even further and guarantee a complete gov takeover of all insurance!

My jaw is on the floor -- this guy really does have manure for brains.

Communists miss the point of "The Goose that Laid the Golden Egg" every time. If you take the profits from the companies, they will cease to be companies. If you pass universal health care, there will cease to be profits.

The moral of the story is that you only get to "kill the goose"... one time.

9 posted on 09/18/2009 6:26:16 AM PDT by Migraine (Diversity is great... ...until it happens to YOU.)
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To: albie
We can have it all, according to Kucinich: Universal health care without higher taxes or soaring deficits. How? By taking the profits away from the insurance industry and using them to pay for health care. "If we take that money" -- $800 billion a year by Kucinich's reckoning -

1. If you take the money that is a higher tax.

2. $800 billion is the approximate value of all medical insurance premiums. Those aren't the profits unless the insurance companies can keep all the money and get doctors and hospitals to work for free.

3. I've heard that the profit ratio for health insurance is about 3%. Stealing that 3% won't do much for the government other than destroying the reason for health insurance companies to exist, thus collapsing the system and leaving government standing in charge of what was once the best medical system in the world.

10 posted on 09/18/2009 6:30:50 AM PDT by KarlInOhio ("I can run wild for six months ...after that, I have no expectation of success" - Admiral Obama-moto)
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To: silverleaf

Should lawmakers make profits by selling access and custom legislation?


11 posted on 09/18/2009 6:32:12 AM PDT by KarlInOhio ("I can run wild for six months ...after that, I have no expectation of success" - Admiral Obama-moto)
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To: albie

Once a kook, always a kook.


12 posted on 09/18/2009 6:33:34 AM PDT by Overtaxed Patriot (Liberals are terrible at math.)
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To: albie

Why not just complete the logical circle and auction off insurance-company workers to hospitals so they can empty bedpans?


13 posted on 09/18/2009 6:37:44 AM PDT by untenured
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To: silverleaf; Migraine
All money belongs to the government. Whatever you have left after paying your taxes is the government's gift to you, not something that belongs to you by right. And if the government decides it has better use of the money than you do, it has every right to reduce the amount of money you have, even to zero.

Thus speaketh the Liberals Progressives Socialists Communists whatever name they're using this week.

14 posted on 09/18/2009 6:41:10 AM PDT by Cheburashka (Stephen Decatur: you want barrels of gunpowder as tribute, you must expect cannonballs with it.)
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To: albie

How about the concept of sweat equity.

Any poor person under the age of say 45 or 50 who needs health care must work for it. Collecting trash on the interstate, sweeping city streets, washing off grafitti on public and private buildings, hand washing public vehicles, and on and on.


15 posted on 09/18/2009 6:42:43 AM PDT by bert (K.E. N.P. +12 . Quotes of the century: 2001 "Lets Roll"..... 2009 "You Lie")
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To: Cheburashka

Yes it’s the old story of OPM, Other Peoples Money.

With a Congress that loves money, which they have for years, they believe all money is theirs for their designed uses. The country exists for them and their whims.

That’s why elections are important. America needs to wake up!


16 posted on 09/18/2009 6:45:26 AM PDT by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: albie

Dennis the Menace Kookcinich. Gives Ohio a bad name every time he opens his communist mouth.


17 posted on 09/18/2009 6:53:18 AM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
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To: albie

Maybe an angry mob should just go take all of DK’s belongings.


18 posted on 09/18/2009 6:58:27 AM PDT by Niteranger68 (Barack Obama - The wrong man, at the wrong time, for the wrong country.)
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To: silverleaf

What the Kook doesn’t understand, is that you can only do it once.


19 posted on 09/18/2009 7:47:58 AM PDT by massgopguy (I owe everything to George Bailey)
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