Few individuals or organizations have been as influential as Mitt Romney and Bain Capital in worsening our runaway healthcare costs, causing unnecessary suffering, or accelerating our government’s long-term deficit problem. Their highly leveraged investment strategy puts healthcare companies under enormous pressure to increase revenue.
At yesterday’s Jerusalem fundraiser, Mitt Romney praised Israel’s single-payer, government-run health care system as better than America’s. The NY Times quoted Romney as saying:
Unless you’ve been off the planet for the better part of this year, you’ve heard all about Mitt Romney’s vulture capitalist career at the helm of Bain Capital — the private equity firm founded by Romney, where he gained the experience he touts as his chief qualification for the presidency.
The Affordable Care Act is already working. And those who vote to repeal it will hurt the 2.5 million college age kids who are now covered through their parents’ plans — the 24 million seniors who got checkups through Medicare or the 17 million kids who can no longer be denied coverage due to a pre-existing condition.
The most conservative Supreme Court in history just upheld the Affordable Care Act as constitutional. This is a victory for American families. It means lower costs, more coverage, and that insurance companies can’t rip us off anymore. It’s the law.
The Supreme Court’s narrow decision today that the Affordable Care Act is constitutional is a victory for all of us who defend the right of Americans to join together to impose new rules on the private health insurance industry—to require that they cover all applicants and not disqualify people with preexisting conditions.
Why is the health care law so messed up, and why didn’t it include at least a public option? Because big money in politics corrupted the process and nullified the wishes and interests of the public. Once again we learn that the public good is thwarted for the benefit of a very few by the influence of big money.