Blogging for the 99% and the preservation of our Democracy against the Corporatists and the Citizens United ruling.
I think this ad says it all. The out-of-shape, non-competitive, gluttonous American Health Insurance companies are not able to compete. But they don’t have to be competitive. The health insurance companies are exempt from laws regulating monopolies that apply to every other industry, except for American baseball.
Congress is now working to strip the anti-trust exemptions for the health insurance industry, which would make it illegal to price-fix and artificially keep rates high.
That, plus the public option, could actually be a good thing for the health insurance industry. They could become leaner and more competitive. For capitalists, nothing is more basic than competition in the marketplace. It’s a testament to the power of the insurance lobby that they have been able to keep this law from being changed decades ago.
Hat-tip to Heather Graham for agreeing to appear in this ad, as the fit and competitive “Public Option”.
