From DListed, via Andy Towle.
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Swedish Meatballs
1 day ago
Wendell Potter, a former top CIGNA health insurance official, left his job recently and is trying to atone for his role in propagating what he called “Wall Street-run health care that has proven itself an untrustworthy partner to its customers, to the doctors and hospitals who deliver care and to the state and federal governments that attempt to regulate it.” Appearing on PBS two weeks ago, Potter also divulged that the private health care industry “was really concerned” with Michael Moore’s documentary SiCKO because Moore “hit the nail on the head with his movie.” Host Bill Moyers posted copies of internal strategy memos from AHIP, the trade group and lobbying juggernaut representing the health insurance industry, detailing how to discredit Moore and conduct a PR campaign to maintain the status quo.People on our side should be destroying the opposition. It should have been scorched earth a year ago. And only now we see our party organs, and our White House, striking back. Is this going to be the playbook for the entire administration? Just assuming we're going to win, and not really fighting until we almost blow it? Yes, being the underdog and not fighting back until things get scary ultimately worked during the campaign, and the stimulus did pass after having nearly been lost. But how many times will this "let's almost lose before we win" strategy bear fruit? How about actually trying to win from the beginning, and not just assuming that victories will be bestowed like the divine right of kings? Read More......
Now, as Congress moves into high-gear for reforming health care, AHIP appears be positioning itself to defeat a public option by using the same playbook they used against Moore in 2007.
I understand how easy it is for this town to become consumed in the game of politics – to turn every issue into running tally of who’s up and who’s down. I’ve heard that one Republican strategist told his party that even though they may want to compromise, it’s better politics to “go for the kill.” Another Republican Senator said that defeating health reform is about “breaking” me.7:59 PM: Another Obama press conference. This one could be interesting. The president is in campaign mode to push through health care reform -- real health care reform. I've been to the last three evening press conferences. But, going to the White House lost its luster for me right around June 12th, after I read the DOMA brief. I didn't feel like requesting credentials to be a seat warmer in the East Room. I'll be posting as things unfold through the press conference. Read More......
So let me be clear: This isn’t about me. I have great health insurance, and so does every Member of Congress. This debate is about the letters I read when I sit in the Oval Office every day, and the stories I hear at town hall meetings…This debate is not a game for these Americans, and they cannot afford to wait for reform any longer. They are counting on us to get this done. They are looking to us for leadership. And we must not let them down. We will pass reform that lowers cost, promotes choice, and provides coverage that every American can count on. And we will do it this year.
The U.S. credit card charge-off rate rose to a record high in June as more Americans lost their jobs, Moody's Investors Service said Wednesday.Read More......
The Moody's credit card charge-off index—which measures credit card loans that banks do not expect to be repaid—rose to 10.76 percent in June from 10.62 percent in May.
However, the index showed the slowest rate of increase in six months, with companies such as American Express, the largest U.S. credit card company by sales, posting declines in defaults.
"We call for a recovery of the credit card sector to begin once industry average charge-offs peak in mid-2010 between 12 percent and 13 percent,'' Moody's said in a report.
Credit card losses usually follow the trend of unemployment, which rose in June to 9.5 percent, the highest level in nearly 26 years. Moody's estimated unemployment will peak next year at 10 percent to 10.5 percent.
With Spain's economy in freefall and loans squeezed, desperadoes are resorting to robbing banks to solve their personal credit crunch.Read More......
Bank robberies have risen by 20 per cent in two years, Spain's banking association says; and those who adopt the tactic of the stick-up to pay their debts are novices rather than hardened criminals.
"In recent months, it has become apparent that Spain is suffering from an increase in bank robberies," Francisco Perez Abellan, the head of criminology at Camilo Jose Cela University in Madrid, told The New York Times.
"We are seeing people committing offences through necessity, first-time offenders who can no longer continue to maintain their lifestyle and so turn to crime," he said.
Instances where counter clerks are tied up at gunpoint while masked raiders empty the safe have become so common that Spain's government, prodded by the bank employees' trade union, has classified bank robbery as an occupational hazard.
You know what happens if they allow health care reform to be delayed until after the August recess? These Members go home, they get hit by hundreds of TV ads from the murder-by-spreadsheet industry, and they get phone calls from angry voters about "socialized health care." Then they come back, scared to pass real health care reform, so they end up passing health care reform that may not include a public option or a national insurance exchange. The stakes are very high this week.At a press conference today, Speaker Pelosi left the door open to delaying the August recess in order to get the bill passed.
...he can blame the Republicans, but his real problem is not the Republicans, is it? There's a filibuster-proof majority in the Senate now and an overwhelming majority in the House of Representatives. He can blame the Republicans for partisanship, but it's the Democrats, the Blue Dogs, that are stopping it right now."He" meaning Obama and "it" meaning health care reform. And, oddly enough, she's right for a change.
Three years ago I was paying $1500/mo for the family's health care. My wife got ill one night at about 10PM with massive stomach pain that were so bad she couldn't stand straight and I had to carry her to the car. We went to the ER. We were in the ER for over 7 hours. In the end they determined that she did not have to be admitted. When I got the bill from the hospital I was shocked, but since I had health coverage I wasn't concerned. Then I got my notice that my provider didn't cover ER visits when you didn't get admitted. In other words, I was fully responsible for the costs.Read More......
The following year we had another emergency that required a late night ER visit. I refused to let my daughter get discharged from ER and demanded admittance. The cost was almost four times as much as she was admitted and them immediately released. But this time I didn't have to pay anything. :-)
See, once you know the rules, you can make sure that you play by them, and you can screw the health care provider who screwed you.
We have since changed providers and have a HMO/PPO plan at $18K/yr. As part of the HMO I recently took my daughter to her primary for be looked at for TMJ. They didn't have an x-ray machine and they sent me across the street to the hospital ER. Now I have a $25 co-pay with the primary, and since the primary referred me to the ER I assumed that I would have a $25 co-pay there. WRONG. The insurance company has stated that I have a $100 co-pay even though my primary referred me to the ER. I wonder how they will feel when we demand admission the next time.
We need the public option so that this kind of stupidity stops. Even when you have health care, the system is stacked to screw you as much as it can, and you get to pay THOUSANDS of dollars for this fine system of bullcrap.
JMI in The OC
Invoking an argument used by President George W. Bush, the Obama administration has turned down a request from a watchdog group for a list of health industry executives who have visited the White House to discuss the massive healthcare overhaul.Greg Sargent at the Plum Line has more. Read More......
Citizens for Responsibility and Ethics in Washington sent a letter to the Secret Service asking about visits from 18 executives representing health insurers, drug makers, doctors and other players in the debate. The group wants the material in order to gauge the influence of those executives in crafting a new healthcare policy.
The Secret Service sent a reply stating that documents revealing the frequency of such visits were considered presidential records exempt from public disclosure laws. The agency also said it was advised by the Justice Department that the Secret Service was within its rights to withhold the information because of the "presidential communications privilege."
Citizens for Responsibility and Ethics said it would file suit against the Obama administration as early as today. The group already has sued the administration over its failure to release details about visits from coal industry executives.
Mr. Obama came into office promising a more bipartisan Washington tone, which he has so far been unable to achieve. His actions in the coming weeks on health care may determine his long-term relationship not only with Republicans but also with his fellow Democrats.The thing about being bipartisan is that it takes two sides to tango. In today's GOP, there's only one Republican, Olympia Snowe, who really is committed to working with Obama. One GOP Senator. That's really about it from their side.
Right now, Obamacare is at war with itself. Political efforts to buy off Big Pharma, private insurers, and the AMA are all pushing up long-term costs....Read More......
Big Pharma, for example, is in line to get just what it wants. The Senate health panel’s bill protects biotech companies from generic competition for 12 years after their drugs go to market, which is guaranteed to keep prices sky high. Meanwhile, legislation expected from the Senate Finance committee won't allow cheaper drugs to be imported from Canada and won't give the federal government the right to negotiate Medicare drug prices directly with pharmaceutical companies. Last month Big Pharma agreed to what the White House touted as $80 billion in givebacks to help pay for expanded health insurance, but so far there's been no mechanism to force the industry to keep its promise. No wonder Big Pharma is now running "Harry and Louise" ads -- the same couple who fifteen years ago scared Americans into thinking the Clinton plan would take away their choice of doctor -- now supportive of Obamacare.
France's Finance Minister Christine Lagarde said banks which resume guaranteed bonus payments are an "absolute disgrace" and must be reined in by G20 leaders, the Financial Times reported on Wednesday.Read More......
It quoted Lagarde as saying in an interview that G20 governments meeting in September should introduce curbs on pay practices deemed to encourage too much risk-taking.
"It is an absolute disgrace that guaranteed bonuses of several years could still be paid, or that some people are thinking of reinstating the old ways of compensating with insufficient relationship between compensation and lasting performance and risk management," Lagarde said.
The newspaper said several international banks have offered multi-year guarantees to recruit and retain staff, although they says the practice has been limited to top talent.
Britain's borrowing surged to a record £13.3bn in June, official figures showed yesterday as economists used phrases such as "dire", "alarming" and "parlous" to describe the state of the nation's public finances. The figure is nearly double that for the same month last year while the actual cash shortfall also stood at a record of £19bn, £7.6 billion higher than last year.Read More......
Total borrowing now stands at a colossal £799bn – 56.6 per cent of gross domestic product (GDP).
Debt as a proportion of national income is expected to surge above the level it reached when Jim Callaghan was forced to go cap in hand to the International Monetary Fund in 1976. And as a proportion of GDP, it is shooting up to levels not seen since Britain was paying off the borrowing it incurred to fund the Second World War.
The United Nations is warning of a $4.8bn (£2.9bn) shortfall in funding to tackle humanitarian crises in the world's poorest countries, as the credit crunch leaves developed world governments with little cash to spare.Read More......
Delivering its half-yearly update about emergency fund-raising, John Holmes, of the UN's Office for the Co-ordination of Humanitarian Affairs, said that while the UN's emergency appeals had received more funds than at the same time last year, the economic crisis was exacerbating poverty and increasing need.
"It is clear that the global recession puts pressure on the aid budgets of all donor governments, but of course it puts immeasurably more pressure on crises-stricken people in poor countries," he said.
The UN has raised a total of $4.6bn over the past six months for its humanitarian appeals – but Holmes said it had identified $4.8bn of "unmet needs" – the biggest gap ever.
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