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Attention Wall Street Protestors: Wall Street is Messing With Your Health, Too
  • SaferHealthcare November 2011 +1 -1
    Article of Interest:

    http://www.huffingtonpost.com/rosemary-gibson/wall-street-health-care_b_997148.html

    Attention Wall Street Protestors: Wall Street is Messing With Your Health, Too

    Have cancer? Don't worry, Kohlberg and Company bought 16 outpatient cancer centers this year.

    Live in Massachusetts and need to go to the hospital? No sweat, Cerberus Capital bought six Catholic hospitals that the Archdiocese of Boston had to sell in a fire sale.

    Have a loved one who needs home health care? Check out the four largest publicly traded home health care companies that are in the crosshairs of the US Senate Finance Committee for overtreating patients just to make a buck - Amedisys, LHC group, Gentiva, and Almost Family.

    Live in Detroit? Did you know that the Blackstone Group controls Vanguard Health Systems which bought the Detroit Medical Care System?

    Have a loved one who is dying? No need to fear. They can get care from hospices owned by a private investment firm, Cressey and Company.

    If Wall Street messed with your wealth, imagine how it is messing with your health.

    Investor-owned, for-profit health care is determining the medical treatment you get.

    It wants you and everyone else to be a patient every day and forever. In return, the investors run to the bank after billing you, your insurance, and Medicare.

    In fact, you need to worry less about government bureaucrats getting in between you and your doctor, and more about Wall Street interests determining the treatment you get. Perish the thought.

    The financial industry nearly brought the country to its knees. No worry there either. For-profit health care will replace them if they ache too much for too long.

    Its tentacles reach into the homes all across America, on Maple Streets, Sycamore Avenues, and Grand Boulevards.

    Their ideal patient is taking ten drugs that cost thousands of dollars a month; has repeat back surgeries that cost $80,000 each; and has cancer and goes to the doctor three times a week.

    Wall Street needs you, me, and everyone to be sick so they can report ever-escalating stock prices and earnings per share. Don't have the money? Charge it on your credit card. As for the federal government, no worry their either. It will just keep borrowing 40 cents for every dollar it spends. Thank you, China.

    As for health reform, well, health insurance used to be about giving people access to providers. Now, it's about giving private equity firms access to people.

    Rosemary Gibson is the author of The Treatment Trap: How the Overuse of Medical Care is Wrecking Your Health and What You Can Do To Prevent It.

  • gavemehope November 2011 +1 -1
    Wall street and the health insurance company are married, you bring up a great point, and WOW ! Actual preventive journalism, well in the sense that if this goes on they might start trading derivatives on the future of the cancer patients they have, that they can heavily influence the treatment they get. They wouldn't deny health care and then buy life insurance on the patient would they? Well, if it is still allowed to learn from very recent history, like the health care fight, and the securities fraud, you should assume that is the plan. That sounds like sarcasm it is not. There is no rational reason to believe if they can get it set up that way they would not do that. Just a few regulations to get rid of and laws to create. Better keep our eye's on this before they decide they can't give you treatment because you are an organ donor and somebody likes your blue eye's. WOW !
  • Alternatives2WallStAlternatives2WallSt December 2011 +1 -1 (+1 / -0 )
    All too true.

    There is a deep microwave alternative to radiation therapy. Microwave therapy is proven and is FDA accepted for skin cancer. But tremendous resistance to developing it as a safer alternative for internal cancers. There is also an FDA-approved cancer test called Oncolab AMAS which is more accurate than a biopsy but is somehow 'controversial.' I am currently studying the detractions from doctors and so far it seems quite irrational.

    Also, let is mention glucosamine. After being available for decades, doctors finally admit it is proven to help rebuild and maintain the joints. And yet, many doctors insist on using pain-killers only. They say that glucosamine is 'less effective' for the pain and therefore should only be used after the joints are destroyed. That is like an auto mechanic telling you to put cotton in your ears as the primary solution to noises from your brakes.

    Michael Moore also wants to include in a constitutional amendment the right to dignified care in old age. Well good luck with that. I live in Vermont, with long dark winters. You would think we could afford to build plastic greenhouses with table-top beds so the elderly could garden and get the sun year round. No it's little different from a prison.

    Or, for a fraction of the cost, every elderly person could stay at a resort in Bali or several other countries, including plane fare for their relatives each year. Plus the fact that well proven alternative treatments could improve their lives, if desired.

    It is one of my ambitions to start such a place, both in Bali and in Vermont. Otherwise, my plan for my old age is to dig a hole and crawl in.

    There is now coming to light that certain nursing homes are working with certain states for elderly to be declared incapable. The nursing home gets a client and the state gets to confiscate the entire estate of the elderly person.

    It's all about money.

    Agrees: whitefeather