iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

America Screwed Over Again: Trumpcare to Replace Obamacare

I know political operatives will spin the repeal of Obamacare as a great victory — because democrats are evil and republitards are just. The truth is, both plans seek to destroy whatever is left of the middle class. The issue of health insurance will not be resolved until the healthcare insurance and drug companies get hit with caps on their profit margins. This is a very reasonable proposition. Why should you subsidize for someone’s designer drugs at $10,000 per pill, when the god damned thing costs $5 to make?

I realize there are ancillary expenses that go into developing a drug. But anyone with the ability to read a balance sheet can see the immense amount of free cash flow and idle cash in the banks of big pharma as being excessive — when juxtaposed against the dystopian backdrop of our present healthcare system.

All I hear are cries about not wanting to pay for fat people and those without the resources to afford health insurance. However, where is the fucking outrage for the god damned pilfering being done by the healthcare industry? Every other nation in the world has caps on drug prices, but us. How in the fuck is that possible and who is responsible for this?

Some argue, ‘well, we have the crown jewel of healthcare. The best in the world.’ How fucking good is that healthcare if only 10% of the population can afford it?

Utterly ridiculous.

The House repealed Obamacare, hoping to replace it with something worse: Trumpcare.

Congrats conservatards.

I know the American people are getting fucked by this because the stock prices of our adored healthcare companies are higher — the same thing happened when Obamacare was passed.

The healthcare industry has over $350 billion in cash on their balance sheets and generates over $160 billion in annual free cash flow.

Now give it back, fucked faces.

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77 comments

  1. 99 lead balloons
    99 lead balloons

    I am sure this ends very well for everyone.

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    • reversion

      To every rupublican with a pre existing condition, I say SCREW YOU!

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    • mos

      Dr. Fly, well done.
      99<sarc understood.

      Yes, It will end=single payer, socialize medicine controlled by government.
      End Well? No. Lived in one, nightmare.

      Pre OboCare we had 13.6M uninsured
      2017 we had 44M.
      2018 going up.
      My OboCare/AHCA premiums will I am sure increase.
      To the cliff peeps.

      Now how to invest*, I mean hedge**, these increased costs?

      (When we use all our available money to hedge our situations we are not moving forward, yes? Treading water becomes a victory when you are out in the ocean alone without a boat).

      *Do these HC Companies just keep piling up the cash as we lemmings are pushed over the cliff to SPS. Then once the people (government=me) take over the payments for everything, they just roll up their cash and poof, they re-invent themselves.
      ** I've been contemplating hedging monies within each industry that affects me negatively. In other words not relying on profits from tech to offset HC. Finding a hedge within HC that would offset my current and future HC loses. That way I become smarter in HC (as to how they (I mean me) are manipulating the HC industry to screw me (myself) over). ex. XBI +13.6% .30 fees.

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      • Po Pimp

        Maybe a good hedge would be to vote out your fucking congressman.

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  2. cschlaff

    Surprisingly rational take here….

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    • Dr. Fly

      Sorry to disappoint.

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      • derp

        There’s a blogger by the name of James Wesley Rawles, former army captain who quit his commission when slick Willy sold us out to the Chinese, saying there will be economic collapse by the new fiscal year. It’ll be real road warrior every man for himself type of shit because, well, cops and soldiers won’t be getting paid..,

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        • heaterman

          Bring it on. It’ll be painful but it will provide impetus and opportunity to blow up Washington DC and all it has become.

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  3. ferd

    No more talk from Trump about re-importation and such. Another promise broken.

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    • frog

      The only promises Trump keeps are those to crony capitalist welfare queen companies who gorge themselves at the public trough, and want to gorge themselves even more.

      What a fake populist the guy turned out to be.

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      • ferd

        Yup, just like liberal icon Cory Booker and all the Dems that did EXACTLY the same thing.

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        • frog

          Since only Right Wing people get elected, the Dems that get elected are often Blue Dog Dems, DINOs, who are also Right Wing.

          If people would start voting for Dems who are as Left Wing as they can find, and then getting out in the streets and demonstrating to push them further to the Left, then the Left Wing would show you folks what populism really is.

          Worth a try, isn’t it? Voting for Right Wingers who screw you every time, sure isn’t getting you anywhere, is it? They’ll promise you the moon but screw you every time.

          The Right Wing propaganda that says Dems are evil, is a bunch of lies that Limbaugh, Hannity, Drudge, Breitbart etc. tell you, so that the GOP can keep screwing you and you’ll keep voting for them.

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          • juice

            ur still as clueless as a wart on a frog

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          • moonshot

            Hey, let’s do full on socialism for a change. Worth a try, isn’t it?

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  4. hedge500

    100%

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  5. dcolella15

    Looks like we got High Risk pools in it, with government backing rather than taking the charge on to healthy peoples insurance premiums….That seems ok

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    • ferd

      If I can buy fire insurance on a house that has already burned down, is it insurance at all?

      This is a social program and it should be managed without insurance companies taking their cut. He should have let Obamacare continue to collapse …he should not have intervened until there was enough pain in the populous that DC pols were politically threatened enough to do things that went against their orders from funders in the insurance and drug industries.

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      • frog

        The idea of ObamaCare collapsing was just GOP propaganda. It wasn’t collapsing. Most people were better off with it than without it and were going to continue to be.

        But if we ever get a Dem dominated Congress again, we could try to get Single Payer, which would be much better.

        But too many people vote Republitard, the party of the .01%. And then they get screwed. And then they vote another Republitard Congress in, and then they get screwed again.

        And then they vote for fake populist Donald Trump. And then they get screwed again.

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        • frog

          Right Wing propaganda rules the nation. That’s why we’re stuck in this ridiculous cycle.

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          • ferd

            “Right Wing propaganda rules the nation.”

            OK, now I get it. You don’t really mean what your fingers type …you’re just trying to make my head explode.

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          • frog

            Sorry that the truth makes your head feel like it will explode. But don’t worry. Your head won’t really explode.

            I can understand that it is distressing to have been taken in by the con artist Right Wing propagandists. But most everyone is conned at some time. Just learn the truth & go forward.

            The truth will set you free, but first it will make you miserable.
            James A. Garfield (former U.S. president, so you know he was talking about politics here.)

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          • moonshot

            She is just upset that her party isn’t running things anymore. It’s quite a shock, after all this time to have the opposition party with a majority in both the House and Senate, along with President.

            It’s kind of like the prom queen getting slut shamed publicly and suddenly her posse picks a different queen bee to follow. Can you imagine the fury, and what she would say and do to ruin the reputation of the new queen bee?

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          • NotGekko

            Do you ever shut up?

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        • it is showtime
          it is showtime

          Last Major Healthcare Provider Pulls Out Of Iowa Leaving No Options In 2018
          http://www.zerohedge.com/news/2017-05-03/obamacare-implosion-iowa-wont-have-healthcare-access-2018-last-major-provider-pulls-

          Visualizing The Epic Collapse Of Obamacare
          http://www.zerohedge.com/news/2017-04-27/visualizing-epic-collapse-obamacare

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        • oldmantrader

          Thinking like this is why Donald Trump was elected. The Democrats continual denial of reality. Defending the indefensible. Keep it up frog and you guys will be in purgatory for a long time.

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          • heaterman

            Possibly…you have to remember the media will frame this in the worst possible way for the Repubs and point to the Dems as knights on white horses.

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          • moonshot

            Personally I’d have waited for full Obamacare collapse. If this passes, in a few years the Democrats will pretend like Obamacare never happened and blame all the flaws that remain on Trump.

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  6. dcolella15

    decent summary of some of the new provisions. Doesn’t seem biased, just facts in here.

    https://www.usatoday.com/story/news/politics/2017/05/04/fact-check-pre-existing-conditions-debate/101283530/

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  7. dcolella15

    Here is another decent summary of some of the changes. No opinions in here.

    http://www.insurancejournal.com/news/national/2017/03/07/443796.htm

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  8. bushwacker2

    Healthcare is a major need, like power and electricity. As such, certain pricing should be regulated much like that of a utility company. Exotic drugs can be paid for by go fund me accounts. I really don’t want to subsidize someone else’s expensive cure or treatment for a rare disease.

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    • Dr. Fly

      REGULATION!

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      • frog

        That word is in the Democrat dictionary but not in the Republican dictionary.

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        • Dr. Fly

          Wrong

          Obamacare had ZERO.

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          • frog

            It would have had it if he could have passed it through Congress. But Republicans and Blue Dog Democrats wouldn’t give him the help he needed to pass anything like that. He barely got ObamaCare through. If he could have he would have given us Single Payer, which would be much better.

            When Left Wing politicians have their hands tied by Republicans and by Right Wing Democrats, there are limits to what they can do.

            Even many Dems in Congress are Right Wing, because voters only want to elect Right Wingers, even though Right Wingers screw them over and over and over again. Voters keep thinking next time will be different.

            The only real populists are Democrats, but even some Dems in Congress are Right Wingers, because it’s who people vote for. Being immersed in Right Wing propaganda like we are, gets voters to vote for Right Wingers.

            Vote for some real Left Wingers and then you will find out what real populism is. If you don’t vote them in, they won’t be in government. And you’ll keep thinking both parties are the same. Because you’ve voted for the Right Wingers of both parties.

            Feingold, the co-author of the McCain–Feingold Act for campaign finance reform, lost his seat in Congress in the 2016 election.

            Why? Because Americans don’t actually want to end Big Money in politics. They just want to complain about it. To vote Right Wing and then to complain because Right Wingers always screw voters over.

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          • moonshot

            What would Obama do without apologists like you?

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  9. it is showtime
    it is showtime

    Fake regarding equities:

    Fasanara Capital Explains How The “Fake Market” Works In One Chart
    http://www.zerohedge.com/news/2017-05-04/fasanara-capital-fake-markets-how-artificial-money-flows-kills-data-dependency

    What did I say 4 years ago?:
    The manipulation on indexes is as if someone had a video game joystick.

    That characterization became increasingly reflected in 2 or 3 stages, since then
    So ridiculous seeing everyone try to make sense of -themarket-
    It was pretty obvious 4 years ago it was under major, major,
    p —- r —- o —- g —- r —- a —- m —- m —- i —- n —- g

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    • Mav

      how much shit do you have left to throw against the wall?

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  10. momono

    Yes disappointing. We don’t need government mandated caps or any involvement in pricing. Just remove the law that prevents reimportation and allow it from at least some trusted countries and stop the US subsidizing the rest of the world. That alone would dramatically improve the cost situation.

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    • frog

      That’s an idea worth considering. Of course Republicans would never consider lowering the profits of crony capitalist drug companies who gorge themselves at the public trough. If you want something like that, then vote Dems for Congress in 2018, instead of voting for the party of the .01% that dominates Congress now.

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  11. frog

    “where is the fucking outrage of the god damned pilfering being done by the healthcare industry?”

    People who felt outraged voted for Trump, who, once in office, promptly began to screw them six ways from Sunday.

    “Every other nation in the world has caps on drug prices, but us. How in the fuck is that possible and who is responsible for this?”

    The 3 Republican branches of government that the dumbo voters voted in. Republicans are interested only in helping crony capitalist welfare queen companies to feed at the public trough. They don’t care what happens to the 99.99%.

    Obama would have gotten us single payer, and maybe regulated drug prices too, if Congress would have allowed it. But there were too many Republicans and Blue Dog Dems in Congress.

    If people voted for more Dems for Congress, we would already have Single Payer health care and regulation of drug prices. But there are too many Republicans in Congress for them to pass anything like that.

    We are a Right Wing country, immersed in Right Wing propaganda, and committed to bashing the only party that ever regulates industry to protect the public– the Democrats.

    If voters had any sense they would vote for the most Left Wing Dems for Congress that they could find, and then push them further to the Left, until they regulate drug companies to protect sick people from price gouging. Pushing Dems further to the Left would be possible, because Dems are generally responsive to the public, whereas Republicans are not.

    But voters are not smart enough to do that. So we continue to be ruled in all 3 branches of the federal government, and most governorships and state legislatures, by the party of the .01% that keeps screwing the 99.99%.

    It’s said that people get the government they deserve. I don’t know if that’s so. But in a democracy people get the government that voters– and the electoral college- voted for.

    Anybody who doesn’t like being gouged, remember this when you go to the polls in 2018 for the Congressional election.

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    • ferd

      Man, you are so much a tool of those that divide the idiot public on fashion issues while they game the system for their own enrichment. Both parties serve the same powers. Geesh.

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      • mensch

        Frog makes some sense until she starts talking about solutions: Namely, vote for Hillary and anyone else with a [D] in front of their name.

        Democrats are just as much responsible for the current mess as Republicans, genius. And Hillary is the poster child for the establishment.

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        • frog

          Hillary is only the poster child for the establishment according to Republican propaganda. Trump is the poster child for the establishment. Hillary would not have filled her cabinet with 100% crony capitalist welfare queens, gorging at the public trough.

          If you think Trump is the same as Obama, you are blind and deaf.

          And Hillary would have been 1000 better than Trump. But she is still too Right Wing, so we’d have had to push her further to the Left to be able to get Single Payer and drugs price regulation.

          Republicans pushed to get Citizens United passed so that no one can get elected without Big Money donors. So Dems have to be beholden to some Big Money donors and have them for allies. And then those Dems try to do something for the 99,99% in other areas.

          Republicans, however, serve the .01% and crony capitalists 100% of the time.

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          • oldmantrader

            Wow I’ll say this you have your bullet points down.
            You mentioned single payer earlier. Vermont of Burnie Sanders fame tried single payer and quit. Why you ask? It cost too much. What a surprise.

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          • moonshot

            You’re a hoot. Alas, making shit up doesn’t make it true. Thanks for playing.

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      • frog

        The parties are more similar than I would prefer. But anyone who thinks Trump is the same as Obama has to be blind and deaf.

        If the parties are the same, then how is it that we are in such a Right Wing country, with the GOP controlling both Houses of Congress, the presidency, the Supreme Court, most state governorships, and most state legislatures? Why isn’t it closer to being split down the middle, if there’s no difference between parties?

        If there is no difference, then how is it that so many people are voting for the party with the biggest propaganda machine?

        And do you think the party with the biggest propaganda machine is wasting all those billions that they spend on propaganda? Or do you think they are getting something for their money?

        Do you have any idea how much money from Big Money crony capitalist donors– how much money it costs to buy enough propaganda to persuade the public that the OTHER party is the party of Big Money and is also evil in every other way? A lot of money. And the GOP is spending that much money.

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        • mensch

          Frog, please make sense:

          Hillary Clinton
          TOTAL RAISED
          $1,191M
          Candidate Raised to Date* . . . . . . . . . . . . . . . . . . . . . $973.2M
          Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $969.1M
          Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4.1M

          Super-PACs Raised to Date . . . . . . . . . . . . . . . . . . $217.5M
          Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $215.1M
          Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3.7M

          Total Raised to Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,190.7M
          Total Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,184.1M
          Total Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . $7.8M

          Donald Trump
          TOTAL RAISED
          $646.8M
          Candidate Raised to Date* . . . . . . . . . . . . . . . . . . . . . $564.3M
          Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $531.0M
          Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $33.3M

          Super-PACs Raised to Date . . . . . . . . . . . . . . . . . . . . $82.3M
          Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $85.5M
          Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -$1.8M

          Total Raised to Date . . . . . . . . . . . . . . . . . . . . . . . . . $646.8M
          Total Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . $616.5M
          Total Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . $31.5M

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          • frog

            Trump got BILLIONS of dollar worth of free media coverage from mainstream media.

            Breitbart, Drudge, Fox, LImbaugh and numerous other Right Wing media outlets were basically nonstop free political advertising for Trump.

            Trump’s Money Bags media donor people (the Mercers) analyzed and propagandized social media for Trump, at great expense.

            Add in the dollar value of all of that free advertising and propaganda, and a ton more was spent on Trump than on HIllary.

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    • it is showtime
      it is showtime

      Corruption and Crony capitalism hits both (d and r) you goof

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      • frog

        Yes, it does hit both. And it hits the GOP 1000X as much. The GOP is responsible for getting the CItizens United ruling passed. They pushed hard for that so that no one could get elected without Big Money donors. So now even Dems can’t get elected without Big Money donors,

        So Dems have to be beholden to some Big Money donors and have them for allies. And then those Dems try to do something for the 99,99% in other areas where they’re not beholden.

        Republicans, however, serve the .01% and crony capitalists who gorge themselves at the public trough 100% of the time.

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        • Po Pimp

          Since the Supreme Court basically ruled corporations are people too and their right to free speech can’t be denied then fuck it, I want them paying the same God damn tax rate I’m paying.

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  12. frog

    If both parties were the same, then one party wouldn’t be dominating so heavily. The party that dominates is the one that can afford the most lies and propaganda to get the voters to vote for the party of the the .01% and of crony capitalist welfare queen companies that gorge at the public trough.

    Propaganda works. It convinces you to vote for people like Trump who will screw you ever time. Breitbart, Drudge, Limbaugh, Fox– and Cambridge Analytica, from Trump’s Money Bags media donor people (the Mercers) who analyzed and propagandized social media for Trump. They’re all screwing you. And you keep bending over, every election.

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    • NotGekko

      I’m getting drunk AF here playing a drinking game taking shots every time frog posts the phrase “gorge at the public trough”

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  13. gappingandyapping
    gappingandyapping

    Why is there only 1 price for healthcare when there are so many different qualities of care that you get? For instance, if I get my hair cut from an “awesome and amazing” stylist then I will pay a lot. If I get my hair cut from my local mexicans then I pay around $10. In healthcare I can go to a shitty, federally qualified healthcare clinic or I can go to the clinic that gives me a small glass of Champagne when I take my seat. The amazing part is both clinics charge insurance the SAME FUCKING AMOUNT. Yet if I pay cash then the price disparity is enormous.

    Before I had insurance I used to pay the cash price for things. For a specific procedure I used to pay around $150 cash for it. For the same procedure once I got company provided insurance I paid $1900 plus some gay co-pay. I finally said fuck this shit and just pay the cash price now as its cheaper than the deductible + co-pay. How does this shit happen?

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    • bushwacker2

      Capitalism is a beautiful thing. I’m waiting for the clinic that gives you a free massage by babes in bikinis. I don’t need no champagne.

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      • metalleg

        The babes in bikinis will though.

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      • Po Pimp

        Why do you think I’m not even considering retiring in the US? Medical tourism is a thing and the US ain’t on that list.

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    • frog

      It happens because crony capitalist welfare queen insurance companies gorge themselves at the public trough. We live in a Right Wing country, with Congress dominated by the GOP, and where even many Dems are fairly Right Wing.

      Citizens United made it so that politicians have to have tons of Big Money to get elected– because that’s the only way to compete with other politicians who have Big Money that’s helping them get elected.

      Congress members spend more time begging for donations from Big Money than they do at any other activity. Why? Because if they don’t, they don’t get re-elected.

      And after they are re-elected, Big Money, like insurance companies, demand their ROI and they get it.

      We need to elect politicians who pledge to get the Big Money out of politics and roll back Citizens United. We need to find true public servants and get them up there somehow without Big Money backing.

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      • NotGekko

        aaaand another shot. ‘hiccup’

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      • bushwacker2

        So your answer is to go far Left? Politics will never fix anything. It is a tool to control the public. Think for yourself and stop with all the propaganda. It just shows how brainwashed you are, Frog.

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      • heaterman

        “gorge themselves at the public trough”

        Notgekko is getting hammered tonight! lol.

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  14. fryguy15

    Hey Frog –
    You’re on Obamacare right? Be honest.

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    • dcolella15

      Frog has written 1805 words in comments to this blog

      http://my.jetscreenshot.com/20092/20170504-av5u-4kb

      Everyone say it with me, “Media Matters” Paid troll.

      This is just on one blog…..SMH

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    • cancel19

      Frog, the tadpole, is a bot with likes of Dr. Joseph Goebbels.

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    • gappingandyapping
      gappingandyapping

      My father is on 0bamacare and he makes over 2 million a year and owns his own business. Growing up I never had insurance, not until I was 26 years old. My family just paid cash. Why should I be forced to buy a shitty product?

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  15. acehood

    Next person to tout “high risk pools” gets punched in the face.

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  16. ironbird

    Commiecare is dead. Long live the Orange God.

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    • joshua

      And how is this festering pile of shit any better? Spoiler… they’re both about as amazing as your train of thoughts.

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      • ironbird

        Listen up you pathetic fag. This is a movement. Keep playing the old way. We do not care anymore. The Orange God will only get stronger. Growing like the Blob into True Americana or Death. Get unstuck from the “medicine” horseshit that did not stop bullets in the wild west. Or you are fucked.

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        • joshua

          You are a fucking poet, my man. I have no idea what the fuck you are saying, but damn. The way you arrange your words is unique, like you purposely want it to make 0 sense. Bravo, and a hat tip football bat deathstick mitten to you.

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  17. uglyflint

    Fucking shit. This doesn’t repeal the scam. All Washington can rot in hell. GOP will be destroyed in the midterms.

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    • Po Pimp

      No they won’t. The poor, uneducated redneck base that keeps them in office will be too stupid to figure this out. Why do you think the GOP is always cutting education funds?

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  18. mushroomz

    Incoming MOAB on Obamacare … BOOM BTFO bitches!!

    Thank you for helping to meme Trump into the presidency. Lets meme Le Pen in for some true global meltdownesk type trading and fun!

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  19. mushroomz

    You tards are missing the point. Obamacare is a disaster and it’s getting BLOWN THE FUCK OUT! Fucking tards, Trump is easily the best President since Reagan, if you can’t see that fuck you.

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  20. heaterman

    All this is moot if the Senate does not sign it correct?

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    • mushroomz

      True, has to pass the Senate and Senior Pepe but it was great to see ACA get MOABed by congress today.

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  21. one-eighty

    What a stupid fucking country.

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