Monday, November 9, 2009

Bribing The Special Interests

On, analysts Dick Morris and Eileen McGann explain the political bribes paid to various special interest groups such as the AMA and AARP to get them to endorse ObamaCare.

Here's an excerpt from "ObamaCare Endorsements: What The Bribe Was":
* The American Medical Association (AMA) was facing a 21 percent cut in physicians’ reimbursements under the current law. Obama promised to kill the cut if they backed his bill. The cuts are the fruit of a law requiring annual 5-6 percent reductions in doctor reimbursements for treating Medicare patients. Bravely, each year Congress has rolled the cuts over, suspending them but not repealing them. So each year, the accumulated cuts threaten doctors. By now, they have risen to 21 percent. With this blackmail leverage, Obama compelled the AMA to support his bill... or else!

* The AARP got a financial windfall in return for its support of the healthcare bill. Over the past decade, the AARP has morphed from an advocacy group to an insurance company (through its subsidiary company). It is one of the main suppliers of Medi-gap insurance, a high-cost, privately purchased coverage that picks up where Medicare leaves off. But President Bush-43 passed the Medicare Advantage program, which offered a subsidized, lower-cost alternative to Medi-gap. Under Medicare Advantage, the elderly get all the extra coverage they need plus coordinated, well-managed care, usually by the same physician. So more than 10 million seniors went with Medicare Advantage, cutting into AARP Medi-gap revenues.

Presto! Obama solved their problem. He eliminates subsidies for Medicare Advantage. The elderly will have to pay more for coverage under Medigap, but the AARP — which supposedly represents them -- will make more money.
Morris and McGann also describe the payoffs to the drug industry and insurance companies.

Guess who will be paying the price?

Update: The Wall Street Journal discusses the political favors promised to the Rep. Ahn Cao. Cao was the sole Republican to support the Pelosi Bill.