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Charles Hugh Smith: Medicare-for-All "Socialism" Is Just Another Racket


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2019 Nov 17, 3:46pm   560 views  6 comments

by Patrick   ➕follow (60)   💰tip   ignore  

https://charleshughsmith.blogspot.com/2019/11/medicare-for-all-socialism-is-just.html

Medicare-for-All is simply a way to fund the racket as painlessly as possible, which is to borrow from future generations to fund profiteering rackets in Big Ag, Big Pharma, Big Packaged Food/Fast Food, and so on--the equivalents of Big Tobacco.

Just as smokers were encouraged to kill themselves without being aware of the eventual consequences of tobacco addiction, consumers of highly processed foods are killing themselves without being aware of the eventual consequences.

The promoters of Medicare-for-All offer a Band-Aid to fund the racketeering nature of U.S. healthcare: we're gonna tax the billionaires and they'll pay for the racket. It would be comical if it wasn't so painfully obvious that in our pay-to-play political circus, any new tax bill will be larded with exceptions and loopholes.

Let's say the "tax the rich" proposals raise $50 billion -- woohoo. But this is a drop in the bucket of additional costs incurred by Medicare-for-All, which could easily top $500 billion a year.

Nobody pushing Medicare-for-All dares connect the dots between garbage in, garbage out lifestyles and an unsustainably costly healthcare system of gargantuan waste, fraud, shameless profiteering, needless/harmful med and procedures, etc., a system which consumes twice as much money per person as our developed-world competitors for a measure of national health that is, if we're honest with ourselves (gasp), actually declining.

The entire system of health needs to be re-organized from the ground up, and funding the rackets will only speed the collapse of the system.


While I agree that any tax bill on the mega-rich will be larded with exceptions and loopholes, and that we should concentrate resources on keeping people healthy rather than making money for the medical industry, I also think we should have some minimal national health insurance which is affordable to everyone. A plan which does not cover every hyper-expensive treatment. And of course it should be very strictly limited to US citizens only.

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1   Ceffer   2019 Nov 18, 10:30am  

About 600 billionaires in USA. If you liquidated them all, and turned them out onto the streets penniless, assuming an average net worth of 5 billion each, then you would wind up with about 50 cents on the dollar optimistically due to the value of their assets dropping as you sell them due to flooding the markets. You would wind up with about 4 or 5000 dollars per person in the USA if this were even possible, which would currently cover a year of lousy health insurance, not to mention that 70 percent of people would just run out and squander the cash instead, causing a commodities inflation.

It's a good thing for the progressives and the LibbyFucks that the idiocracy can't do maths and that they think there is some bottomless pit of money somewhere that the free shitters can mine forever.
2   Patrick   2023 Dec 23, 5:34pm  

https://dailycaller.com/2023/12/23/florida-woman-elizabeth-hernandez-gets-20-years-200-million-medicare-scam/


A Florida woman was sentenced Thursday to 20 years for orchestrating a Medicare fraud scheme, the U.S. Department of Justice (DOJ) announced.

Elizabeth Hernandez, 45, billed the government over $192 million, according to the DOJ. Hernandez exploited Medicare by making false claims for genetic tests, durable medical equipment and telemedicine consultations that patients neither needed nor received, the DOJ stated.

Hernandez engaged in a scheme involving telemarketing companies that contacted Medicare beneficiaries, according to the outlet. Hernandez coerced them into accepting unnecessary orthotic braces and genetic tests while she signed off on thousands of orders for unneeded medical services without any direct interaction, examination or treatment of these patients, according to the outlet. Hernandez also billed Medicare for numerous telemedicine visits that never occurred, according to the DOJ.

The personal gain from this fraud was substantial for Hernandez, who pocketed approximately $1.6 million, according to the DOJ. Hernandez spent this ill-gotten income on an extravagant lifestyle, including luxury cars, jewelry, extensive home renovations and travel.


Her sentenced should be increased because her fraud was so inefficient. She got less than 1% of the booty.

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