Left In Lowell

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August 7, 2012

Fat Cats Get A Haircut

by at 10:14 am.

From the Blog of Record:

BOSTON — The historic health-care cost-control law signed by Gov. Deval Patrick Monday will hurt the bottom lines of Massachusetts hospitals and limit their flexibility to grow, a major credit-rating agency warned.

The legislation is credit negative for Massachusetts hospitals because it will limit their revenue growth and reduce their operating flexibility,” Moody’s Investment Services wrote in a credit analysis of the new law.

In 2000, my family’s health care insurance, which included dental and vision, cost me less than $300/month. It was BC/BS and had all the bells and whistles. There were $15 co-pays. It was subsidized by my employer. In 2012, I buy insurance direct, no dental or vision, for $1100/month. We have $30 co-pays and $250 deductibles. Actually, the claw back provisions effectively keep us from seeking care, as we aren’t quite sure what we will get stuck paying. That is exactly what the insurer wants. People paying premiums, but not using the insurance.

So, to the fat cats I say, SUCK IT UP!

There is a redistribution of wealth here in America. But, it is NOT the ones you will see inferred in Mitt Romney campaign slurs or on Super PAC media buys. It IS the various ways the system; via cable bills, health insurance, college loans, home mortgages, ect. that the fat cats suck the middle class dry. If we swam in a muddy river and came out with leeches stuck to our neck, wouldn’t we pull them off? Yet, we happily sign up for monthly installments to pay for the priviledge to have certain stuff.

I can go without cable TV. Health care?

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