Please us investment company act this error screen to sharedip-10718054179. Is the health insurance business a racket? And do you know who’s to blame?
Believe it or not, the downfall of the American health insurance system falls squarely on the shoulders of former President Richard M. In 1973, Nixon did a personal favor for his friend and campaign financier, Edgar Kaiser, then president and chairman of Kaiser-Permanente. Nixon signed into law, the Health Maintenance Organization Act of 1973, in which medical insurance agencies, hospitals, clinics and even doctors, could begin functioning as for-profit business entities instead of the service organizations they were intended to be. And to perfectly cement HMOA73 as the profiteering boondoggle that it actually was, the law Nixon mandated also included clauses that encouraged medical providers to not CURE afflictions, but to PROLONG them by only treating the symptoms. There’s no money to be made in CURING sickness. DEATH have wormed their way into the fast-spoken side-effects list of just about every new drug you see on television or hear on the radio? From the medicine that’s supposed to cure you!
I’ll take restless legs over DEATH. So it’s an arms race between insurers, who deploy software and manpower trying to find claims they can reject, and doctors and hospitals, who deploy their own forces in an effort to outsmart or challenge the insurers. And the cost of this arms race ends up being borne by the public, in the form of higher health care prices and higher insurance premiums. Of course, rejecting claims is a clumsy way to deny coverage. Skyrocketing health care costs: Thanks President Nixon! Another sweet sweet moment in history.
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