Someone actually said to me the other day that the safe bet is to buy health insurance industry stocks because the Democrats would ultimately cave on a public plan. I guess he was ahead of the curve:
Managed-care stocks bucked a lower market Tuesday, trading higher as an analyst said the White House had signaled it would be open to negotiation on a public insurance option in its drive to reform health care.
While President Barack Obama reiterated his support for a government-run plan that would compete with private insurance in a statement Tuesday, Deutsche Bank analyst Scott Fidel said in a note to investors that the White House would be open to a "public plan trigger scenario."
Wall Street doesn’t screw around with weasel words. They know what’s good for the insurance industry, and triggers are very very good for the insurance industry.
Note that they don’t take Obama’s statement to contradict what Rahm said. Neither do I.





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All of this would be funny, except it isn’t.
what he said.
how about this for a trigger? if a single American is denied by a private insurer participating in the public-private insurance plan access to and coverage of medically essential services (as certified by a qualified medical professionals of the patient’s choosing), then Rahm is put into stocks and we move to a single payor system ;P
Regardless of what Rahm really thinks about a trigger, or what his boss says, lotsa money was made on this insurance company stock bump today. I wonder if anyone knew Rahm would make his little statement about his trigger?
buying health insurance stock is probably a very good idea financially right now, but there’s no way i can bring myself to do it.
similar to “All this would be funny, except it isn’t.”
i’d rather it not be a trigger. i’d rather it was implemented from day 1.
on edit: especially the part about rahm in stocks.
Remember, folks: If we didn’t have any power, if Obama didn’t fear the effect our efforts have, he wouldn’t have bothered to try and pretty up Rahm’s statement. When we call, we get results.
That is, after all, what it’s all about.
called all those who have taken our pledge, plus Conyers and Pelosi
Good one:
“Howard Dean: Private Health Care Is Breaking Our Economy”
Trigger knows a load of horsesh*t.
What PW said.
Been wondering if they aren’t looking at this health care mess as a means to pre-emptively bailout the insurance companies, BigPharma, and the Health Care Industry. Those entities aren’t hurting at the moment, but the threat of a public option has them panicked, for they know they cannot compete. And who cares about us? We just fork over the money that Washington then plays around with and spends to the gratification of their owners.
I always had a piece of paper handy to cover up the part of the computer screen that had a picture of Bush on it, because he repulses me on so many levels. I’m now doing that with Rahm, tool.
It’s just the old good cop, bad cop routine. Obama knew what he was doing when he appointed Rahm. He wouldn’t have picked him if he wanted the public option.
…”then Rahm is put into stocks and we move to a single payor system ;P”
I’m assuming that you meant to say “into the stocks”
http://www.cartoonstock.com/lowres/dcn0002l.jpg
yeh, wonder how good a trigger would work for the lady in the town hall meeting with kidney cancer with no insurance or job.
Maybe Rahm will be picking up her treatment costs.
When you call critters out of your district do you tell them your true address? I’m just asking because I’ve already called Dale Kildee and I don’t think critters care about anyone who can’t vote for them.
BTW, Kildee’s phone answering person said “I can’t speak for the congressman.”
oh I don’t know if that’ll work. Rahm’s smirking face sticking out of the stocks might be sufficient to scare off the rotten-veggie-throwers and then where would we be?
Sarah and Todd must have been remarkably prescient when they named their last kid after triggers, unless it was in reference to trigonometry… Nah.
Eff the frackin’ triggers. Stop coddling and enabling the vampires of the healthcare industry. Call Pomeroy, Peterson and Oberstar for me…I pay taxes in their districts. Oh, and wish Pomeroy the best on his recent marriage.
From Sandy and Lincoln…still hangin’ in at Mayo. Where healthcare works.
All obama wanted to accomplish with his ambiguous statement was to prevent riling up the progressive groups that go after his precious dlc dem pals and their blue dogs … is there really much difference? … with ads so that the blue dogs can stay safely ensconced within the democratic party and continue to be the dlc dems best friend.
Z
The rahmbama game: rahm plays bad cop to obama’s impotent cop.
There hasn’t been one thing yet that rahm hasn’t ultimately gotten his way on and that’s no accident becoz him and obama want the same damn thing which is why obama hired the dlc dems’ master of deceit to be his chief of staff.
Z
punaise — you totally distracted me with that link. Being a good cowboy and horse-loving child of the fifties, esp. of RR, I had to go click on every single picture of Trigger, Trigger, Jr., Little Trigger, Pal, etc.
Maybe us horse-loving little girls don’t completely grow out of it….
Now, back to the business at hand…
Neither Obama nor the Congressional leadership are pushing a strong public option. If they were we would be hearing more from them and more specifics. So while Rahm’s statement might create a blip on Wall Street, it is really just more of the same.
And you have to understand, that a trigger is for the future. You can attach conditions that essentially eviscerate it. And too you need to remember how politicians view the future: either I’ll be gone so who cares, or if I am still around, no one will likely remember how I voted; and even if they do, I’ll just argue that times have changed, many people thought it was a good idea at the time, and we should not be fighting old fights, engaging in the blame game but looking to the future.
I am so frustrated with Pete Stark’s office (CA-13). He’s the ultimate progressive but instructs his staff not to say anything about his stances on phone. He’ll write me a letter later and explain.
AAAARRGGGH.
Still thinking about this trigger bullshit:
1. There will be an endless, unresolved debate about whether the trigger actually triggered.
2. The trigger will be reached some will agree that the legislated action should occur, others will say that we should look forward instead of backward and ignore the law because after all if you aren’t going to enforce the FUCKING laws against FUCKING torture and FUCKING murder why would you even bother about something as minor and as enormously profitable as corrupt capitalism in the form of mandated corporate health insurance?
3. Some say we have to maintain competition in the health insurance market. It has been very well established that there is no competition to be maintained. In most markets only a few (two) insurance companies control most of the market. And what makes this even more of a red herring, a distraction, is that no one who isn’t profiting from it really wants health insurance, they want HEALTH CARE when they need it, so let’s stop talking about FUCKING health insurance!
4. Obama will build a consensus? We already have a huge consensus. More than 70% of Americans want a single payor government-run system like Medicare that covers everyone. We have a consensus. We don’t need no FUCKING consensus of those who aren’t part of the consensus. (Consensus does not mean unanimous agreement of a group, but simply agreement of a group as a whole, a solid majority. I’m guessing that there are tens of millions more votes for the public system than the corrupt corporate model. Obama’s idea of consensus building means each insurance company gets one vote and the American people as a group get one vote. That’s a FUCKING consensus.)
I’m not sure I’m done ranting, but you’ve listened to me long enough. Thank you.
Called the D.C. office of my rep. here in Hawaii (Hirono, a member of the CPC). I have written letters, faxes, emails about the pledge and the need for a meaningful public plan from day one to effect cost cutting through low overhead and bargaining power. I am getting no response whatsoever, except that I got the feeling from my conversation in today’s phone call with a very unknowledgeable staff member that they are getting calls requesting a vote against any bill that does not include a public plan. I requested she give Emanuel an earful tonight and that she not participate in a bill that will ultimately fail to produce the promised results.
Actually, the rahmbama game goes like this: rahm plays bad cop to obama’s pragmatic cop.
Z
Pssssst, Michael Jackson supported the public health option…spread the word. /s
Think the media overload’s been a bit much, anyone?
Appropriately addressed copies to the President, Rep. Jerry Costello, Senator Dick Durbin, and Senator Roland Burris.
Trigger = Dead Horse
They have a trigger for a gun that shoots blanks. We have a whip with no snap.
Of course the stocks jumped. The whole intent of healthcare “reform” is to hand the insurance companies the peoples money.
Senator Grassley as seen on ‘The Ed Show’ during Monday 7/06 basically exhibited what must be the general attitude of these WashingtonDC Barons.
An American questioned the Senator regarding why he could not have same insured status as Baron Grassley–the Baron told him with the tone of someone who could not care “then work for the Federal Government.”
So–we have here a RePub who is all about “small government” who then sees no contradiction in telling this American to “go work for the Federal Government” if better,cheaper health insurance is what you want.
In all sincerity at this point Baron Grassley should have been run out of the room on a rail.
The money politics are very thick in WashingtonDC these days–as was reported the private ‘for profit’ insurers and allies are shoveling in $1.4 million into WashingtonDC each day to tilt the politics the way they want this to get voted on.
Anyone being arrested while this payola/bribery is taking place? Anyone?
As for Barack Obama where was this ‘trigger talk’ last summer or fall?
Liars tell lies. Barack Obama is a Liar if he will not stand firm on Public Option having already has given up to much for not standing firmly on Single Payer Universal Plan.
There should be lots of men and women in Congress losing re-election bids in 2010 if this so called ‘reform’ turns out to nothing but a shake the money tree ruse by WashingtonDC players and gamers. Shame? Whats that?
And the guy now in the WH Oval Office? Out of the WH after 2012.
Rotten politics and votes should have consequences.
Dead, stuffed horse.
Good catch, Jane.
On Obama, agreed. His statement was pretty loose.
As for Rahmbo, let’s not forget his fundraising past. I think that, if nothing else, he is also setting the stage to angle for insurance industry campaign cash.
Beyond that, in another “touted” story by Ms. Healthcare, Ceci Connolly, the $150 bil pledge by hospitals is not all its cracked up to be. Only 25 percent will be available for national healthcare.
You need to rein in those urges. Heh.
That reminds me of a movie scene…in The Man Who knew Too Little.
It’s a spoof of The Man Who Knew Too Much which starred Jimmy Stewart (IIRC). In Too Little Bill Murray goes to England for his birthday and gets embroiled in a spy plot which has English and Russian spy guys plotting to rekindle a cold war. Murray blunders into the middle of it and does a sort of Forrest Gump thing which works out very well.
But, along the way there’s a chase scene where a woman friend of Murray’s goes through a hotel room window and discovers a woman using a whip on a very naughty boy (of about 65). Murray’s friend stops long enough to show them how to properly use the whip.
I recommend the movie highly. It also features a great car chase scene with a Mini Cooper.