Power Breakfast: Health reform, pensions, Japanese rebound

There’s been a major development on health care reform.

The Obama administration signaled Sunday that it is willing to embrace insurance cooperatives over a government-run plan, the Associated Press reports.

The move attempts to deal with mounting criticism of President Obama’s reform effort by offering political cover to fiscally conservative Democrats who have opposed the option of government-run insurance.

The shift also leaves open a chance for compromise with Republicans. But that could enrage Obama’s liberal supporters who believe the government option is the best way to keep insurance companies in check.

Under a proposal by Sen. Kent Conrad, D-N.D., consumer-owned nonprofit cooperatives would sell insurance in competition with private industry.

With $3 billion to $4 billion in initial support from the government, the co-ops would operate under a national structure with state affiliates, but independent of the government, AP reports.

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2 comments Add your comment

Brittancus

August 17th, 2009
3:30 pm

If there was ever a time for a national referendum–THEN THIS IS DEFINITELY IT? Of all the issues the ones that will influence the American peoples economy, culture, language and society for decades to come, is Health care and illegal immigration. Neither political party, special interest lobbyists nor anybody else should be able to use their influence the running of our country. The United States–VOTER–should have the last word, not corrupt members of the Democratic leadership, the Republican minority party and certainly not La Raza or ACLU, US Chamber of Commerce, Council of Foreign Relations, Cato Institute, billionaire George Soros, Ford Foundation and a multitude of self interest groups. In health care the insurance companies have used their political currency, to weaken any prospect of a Canadian or European style public health care option. 2/3 of America insist on the single payer system like Canada and the European developed nations.

The rest of these despicable organizations want the free flow of cheap labor that is already swarming across our nation, even though we are in a deep recession and millions of US citizens and legal residence are jobless. As I speak 1.5 million new immigrants entered America and that’s not counting the illegal aliens who extract from taxpayers everyday. Our politicians can no longer demand of the people, to pay for foreign national health care, when they cannot afford it for their own families? How many more years are the people to be dictated to the power of profiteering insurance companies? How many decades must taxpayers is forced to pay for illegal immigrants and families, who have already broken our laws of sovereignty and expect to be rewarded with another blanket AMNESTY.

How can we assume our legislators to honor the “Rule of Law”, when they have already stone-walled us over the 1986 immigration enforcement law? Millions of loyal Americans who have already commanded E-Verify extraction tool in the workplace (section of the SAVE ACT) 287 G police enforcement, no match letter and the ICE raids of illegal immigrant. But we must maintain the bombardment if you want a health care public option choice? Whether you want to keep on supporting the impoverished, unschooled of foreign nations that skirt our laws? CALL YOUR SENATORS AND REPRESENTATIVES FOR WHAT YOU WANT AT 202-224-3121? NOT WHAT THE SPECIAL INTEREST LOBBY HAS PAID FOR? Read about the trillions to be spent on giving AMNESTY to illegal immigrants at the Heritage Foundation. GOOGLE more facts on the web, or search for the truth at NUMBERSUSA.

Observe this PETITION to STOP any health care to illegal immigrants at: http://www.thepetitionsite.com/1/nohealthcareforillegals

Jeremy Engdahl-Johnson

August 18th, 2009
12:04 am

So much depends on the rules established to govern a co-op and how they compare to the rules governing other members of the healthcare system. More at http://www.healthcaretownhall.com/?p=1288#more-1288