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Bill Clinton Is Right, For-Profit Healthcare Is the 'Craziest Thing in the World'

Wednesday, November 9, 2016 1:49
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(Before It's News)

Bill Clinton Is Right, For-Profit Healthcare Is the 'Craziest Thing in the World'

Beneath the misleading headlines and corporate spin, former president gave a robust argument in favor of single-payer system

http://www.commondreams.org/news/2016/10/04/bill-clinton-right-profit-healthcare-craziest-thing-world

By: Lauren McCauley
Date: 2016-10-04

Bill Clinton gave a robust argument in favor of a single-payer healthcare system on Monday night—but you wouldn't know it if you read the news, or paid any attention to Republican nominee Donald Trump.

Speaking at Hillary Clinton campaign rally in Flint, Michigan, the former president discussed the importance of expanding access to Medicare and Medicaid while lambasting the for-profit insurance model that overcharges people and reaps enormous profit.

“The insurance model doesn't work here,” he said, “it's not like life insurance, or casualty insurance. It doesn't work.”

“The current system works fine,” Clinton continued, referring to President Barack Obama's Affordable Care Act (ACA), “if you're eligible for Medicaid, if you're a lower-income working person; if you're already on Medicare, or if you get enough subsidies on a modest income that you can afford your health care. But the people that are getting killed in this deal are small business people and individuals who make just a little too much to get any of these subsidies.”

“Why?” he asked, “because they are not organized, they don't have bargaining power with insurance companies and they are getting whacked.” As Clinton explained, insurance companies assessing risk for a small pool of people “overcharge, just to make sure, and make a whopping profit off the people least able to pay.”

“So you've got this crazy system where all of a sudden 25 million more people have health care and then the people who are out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half. It's the craziest thing in the world,” he continued.

Former President Bill Clinton, campaigning for his wife at the University of Michigan Flint Campus, said that when it comes to public health, “The insurance model doesn't work.” (Photo: Virginia Lozano /The Detroit News)

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Source: http://vaticproject.blogspot.com/2016/11/bill-clinton-is-right-for-profit.html

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