Saturday, July 23, 2011

Will a new White House administration take on Big Pharmaceutical and Health Insurance Companies?

These corporations make huge profits at the expense of millions of insured and uninsured. Have our Presidential runners said ANYTHING about cracking down on them.
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If McCain wins no , if Obama wins to a moderate degree. Obama plans to provide universal coverage including medication to children, initially. He would eliminate the dough nut hole in Medicare Plan D, that would mean that a person would not have to spend a total of $5,100 ot of pocket, before receiving catastrophic coverage with a 5% co payment for medication. People would be able to import medications from other countries and across state lines. This not allowed at present..The Federal Government would be able to negotiate for the whole Medicaid/Medicare complex to receive bulk discounts as does the A. Bush and McCain oppose it obviously to ingratiate themselves with big Pharma. These Obama proposals although an improvement are too week to solve the problem. The only reforms that McCain would allow is to permit people to buy insurance across State lines. Also to receive a $5,000 a year, to help pay medical and pharmacy coverage. But this would be taxed and would be of no use to low income persons. Therefore McCain would maintain the status quo. Clearly Obama's program s more progressive, and a bit of a challenge to Big Pharma and the insurance companies
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