Obamneycare Converts Health Care Into Profits

In the guest section [at Paulcraigroberts.org] there is a new contribution by Dr. Robert S. Dotson. He points out that Obamneycare is two versions of the same thing. A person has to be gullible and uninformed to believe the claims of Obama and Romney that their replacements for Medicare will save money and improve care. What the schemes do is convert public monies into private profits.

The exploding costs described by Dr. Dotson and the rising profits for private corporations are paid for by reducing health care. For example, Betsy McCaughey, former lieutenant governor of New York, writing in Investors Business Daily reports that "On Oct. 1, the Obama administration started awarding bonus points to hospitals that spend the least on elderly patients."