Obama-Care "Single-Payer" Monopoly Looms, As top Five Healthcare Merger-Mania Heats Up
Jun 22, 2015 21:45:05 #
Came across a very interesting article, regarding the gradual path of "Single-Payer Health-Care" mergers into the gradual "Single-Payer" Government Health-Care-Coverage, and the slow gradual top five Health-Care companies getting extremely $$$ rich $$$ in these Health-Care mergers.
Get ready America and OPP readers. It's coming. . . . .
Thank's all you, "Dam Progressive Liberal "Do-Gooders." You all voted for a health insurance plan, not a health care plan, shame, shame, shame.
And to our glorious politicians who did not even read the bill, but were hog-swallowed into greed and corruption. "Lets vote for the bill, and we'll find-out what's in it. The politicians voted for "Pandora's box" from Greek mythology. Shame, shame, shame.
Instead of having 15 million people with-out health-care, but would still have free healthcare at emergency rooms.
We now have an estimated 45 million Americans without healthcare coverage and growing because they can't afford the Obama-Care insurance premiums. With the next phase of the Obama-Care, the employer Health-care mandates to be implemented this year, we could see as high as 60 Million Americans without Health Care Coverage. "Dam Progressive Liberal, "Do-Gooders."
There's an old adage cliché out there, "If Its not broken don't fix it."
How's that Hope and Change working out for America ? Having buyers remorse with your politician, yet and your political party ?
6/22/15, Obama's "Single-Payer" Monopoly Looms As Healthcare Merger-Mania Heats Up
http://www.zerohedge.com/news/2015-06-22/obamas-single-payer-monopoly-looms-healthcare-merger-mania-heats
http://www.wsj.com/articles/obamacares-oligopoly-wave-1434755295
It would appear, whether by plan or unintended consequence, Obama's dream of a single-payer socialized healthcare is getting closer by the day, and as WSJ reports, drastically increasing the risk that ObamaCare is creating oligopolies, with the predictable results of higher costs, lower quality and less innovation.
The five largest commercial health insurers in the U.S. have contracted merger fever, and if the logic of ObamaCare prevails, this exercise will conclude with all five fusing into one monster conglomerate.
The five largest commercial health insurers in the U.S. and with "One Ring to rule them and One ring to Bind Them All." We are all on an unavoidable path to Single payer health providers, this has always been the end game in all of this Not just in healthcare, but in almost everything.
What is the difference if there are five business controlling a monopoly or just one? Its already a single-payer system under the covers. If you shop between provider its the same pricing, with the same deductiables and the same crappy service.
In the long term, it doesn't really matter, as cost continue to rise, few and fewer people are going to be able to afford health insurance. This is probably why they want to merge so they can accomidate a shrinking number of people able to pay, much as the airlines did over the past decade.
This multibillion-dollar M&A boom is notable even amid the current corporate-financial deal-making binge, yet insurance is only the latest health-care industry to be swept by consolidation. The danger is that ObamaCare is creating oligopolies, with the predictable results of higher costs, lower quality and less innovation.
The business case for the insurance tie-ups among the big five commercial payers, which will likely leave merely three, is straightforward. Credit is historically cheap, and the insurers have built franchises in different areas that could be complementary. As for antitrust, selling coverage to employers doesnt overlap with, say, managing Medicaid for states.
More important, the economics of ObamaCare reward scale over competition. Benefits are standardized and premiums are de facto price-controlled. With margins compressed to commodity levels, buying more consumers via mergers is simpler than appealing to them with better products, to the extent the latter is still legal.
Synergies across insurer combinations to reduce administrative overhead and other expenses also look better for shareholders.
Why is this happening?
The mergers reflect the reality that governmentMedicaid managed care, Medicare Advantage and the ObamaCare exchangesis now the artery of insurance profits, not the private economy.
The feds happen to be, for most of us now, our largest customer, Aetna CEO Mark Bertolini said this month at a Goldman Sachs conference.
Mr. Bertolini added: So there is a relationship you need to figure out there if youre going to have a sustained positive relationship with your biggest customer. And we can all take our own political point of view of whether its right or wrong, but in the end-analysis, theyre paying us a lot of money and they have a right to give us some insight into how they think we should run our business.
Such domestication is part of ObamaCares goal of political control, and it may well be that only fewer, larger and more centralized insurers can survive financially.
A healthier market would have many new competitive entrants given the transformative pace of technological and biomedical discovery. But as, The WSJ concludes perfectly - and ominously...
Health care has been consolidating since the 1990s, but ObamaCare has accelerated the trend. Insurer and especially hospital transactions will come under increasing regulatory scrutiny, but the antitrust cops are irrelevant when governments overwhelming priority is to create and entrench cartels.
Average american comments !
* * *
So five years into the glories of health-care reform, the same antiquated incumbents dominate as they did before, only with less accountability to patients. Cartels dont care about quality, safety or costs to consumers.
* * *
Sooner or later you run out of things to buy, and if America does converge into a single monster insurer or health system, it will be the federal government.
* * *
Mission (Almost) Accomplished.
This is a prime exmaple of what I call "Organic" Fascism. Instead of planned fascism by dictate from on high, the rules on the ground through duly elected legislators create a petri dish full of fascistic growth media by which Fascism grows "organically".
* * *
And the sheep get sheered with nary a bleet....the frog gets slowly boiled with nary a croak.
* * *
Get ready America and OPP readers. It's coming. . . . .
Thank's all you, "Dam Progressive Liberal "Do-Gooders." You all voted for a health insurance plan, not a health care plan, shame, shame, shame.
And to our glorious politicians who did not even read the bill, but were hog-swallowed into greed and corruption. "Lets vote for the bill, and we'll find-out what's in it. The politicians voted for "Pandora's box" from Greek mythology. Shame, shame, shame.
Instead of having 15 million people with-out health-care, but would still have free healthcare at emergency rooms.
We now have an estimated 45 million Americans without healthcare coverage and growing because they can't afford the Obama-Care insurance premiums. With the next phase of the Obama-Care, the employer Health-care mandates to be implemented this year, we could see as high as 60 Million Americans without Health Care Coverage. "Dam Progressive Liberal, "Do-Gooders."
There's an old adage cliché out there, "If Its not broken don't fix it."
How's that Hope and Change working out for America ? Having buyers remorse with your politician, yet and your political party ?
6/22/15, Obama's "Single-Payer" Monopoly Looms As Healthcare Merger-Mania Heats Up
http://www.zerohedge.com/news/2015-06-22/obamas-single-payer-monopoly-looms-healthcare-merger-mania-heats
http://www.wsj.com/articles/obamacares-oligopoly-wave-1434755295
It would appear, whether by plan or unintended consequence, Obama's dream of a single-payer socialized healthcare is getting closer by the day, and as WSJ reports, drastically increasing the risk that ObamaCare is creating oligopolies, with the predictable results of higher costs, lower quality and less innovation.
The five largest commercial health insurers in the U.S. have contracted merger fever, and if the logic of ObamaCare prevails, this exercise will conclude with all five fusing into one monster conglomerate.
The five largest commercial health insurers in the U.S. and with "One Ring to rule them and One ring to Bind Them All." We are all on an unavoidable path to Single payer health providers, this has always been the end game in all of this Not just in healthcare, but in almost everything.
What is the difference if there are five business controlling a monopoly or just one? Its already a single-payer system under the covers. If you shop between provider its the same pricing, with the same deductiables and the same crappy service.
In the long term, it doesn't really matter, as cost continue to rise, few and fewer people are going to be able to afford health insurance. This is probably why they want to merge so they can accomidate a shrinking number of people able to pay, much as the airlines did over the past decade.
This multibillion-dollar M&A boom is notable even amid the current corporate-financial deal-making binge, yet insurance is only the latest health-care industry to be swept by consolidation. The danger is that ObamaCare is creating oligopolies, with the predictable results of higher costs, lower quality and less innovation.
The business case for the insurance tie-ups among the big five commercial payers, which will likely leave merely three, is straightforward. Credit is historically cheap, and the insurers have built franchises in different areas that could be complementary. As for antitrust, selling coverage to employers doesnt overlap with, say, managing Medicaid for states.
More important, the economics of ObamaCare reward scale over competition. Benefits are standardized and premiums are de facto price-controlled. With margins compressed to commodity levels, buying more consumers via mergers is simpler than appealing to them with better products, to the extent the latter is still legal.
Synergies across insurer combinations to reduce administrative overhead and other expenses also look better for shareholders.
Why is this happening?
The mergers reflect the reality that governmentMedicaid managed care, Medicare Advantage and the ObamaCare exchangesis now the artery of insurance profits, not the private economy.
The feds happen to be, for most of us now, our largest customer, Aetna CEO Mark Bertolini said this month at a Goldman Sachs conference.
Mr. Bertolini added: So there is a relationship you need to figure out there if youre going to have a sustained positive relationship with your biggest customer. And we can all take our own political point of view of whether its right or wrong, but in the end-analysis, theyre paying us a lot of money and they have a right to give us some insight into how they think we should run our business.
Such domestication is part of ObamaCares goal of political control, and it may well be that only fewer, larger and more centralized insurers can survive financially.
A healthier market would have many new competitive entrants given the transformative pace of technological and biomedical discovery. But as, The WSJ concludes perfectly - and ominously...
Health care has been consolidating since the 1990s, but ObamaCare has accelerated the trend. Insurer and especially hospital transactions will come under increasing regulatory scrutiny, but the antitrust cops are irrelevant when governments overwhelming priority is to create and entrench cartels.
Average american comments !
* * *
So five years into the glories of health-care reform, the same antiquated incumbents dominate as they did before, only with less accountability to patients. Cartels dont care about quality, safety or costs to consumers.
* * *
Sooner or later you run out of things to buy, and if America does converge into a single monster insurer or health system, it will be the federal government.
* * *
Mission (Almost) Accomplished.
This is a prime exmaple of what I call "Organic" Fascism. Instead of planned fascism by dictate from on high, the rules on the ground through duly elected legislators create a petri dish full of fascistic growth media by which Fascism grows "organically".
* * *
And the sheep get sheered with nary a bleet....the frog gets slowly boiled with nary a croak.
* * *
Jun 23, 2015 01:10:39 #
Doc110 wrote:
Came across a very interesting article, regarding ... (show quote)
They were going to get there one way or another. When we get to single payer we may see Obamacare differently in hindsight. Or not ...
Jun 23, 2015 01:55:23 #
Lets hope and pray that the SCOTUS rules for States rights and the way that the Law was written as and not the change of a political whim from POTUS.
We can only hope and pray for a economic death spiral for Obama-Care and the neo-cons GOP don't turn turncoat again.
We can only hope and pray for a economic death spiral for Obama-Care and the neo-cons GOP don't turn turncoat again.
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