The Mudcat Café TM
Thread #116042   Message #2490894
Posted By: Emma B
11-Nov-08 - 01:21 PM
Thread Name: BS: Recipe for disaster?
Subject: RE: BS: Recipe for disaster?
On Wikipedia 'Corporate America' is defineds as

- 'an informal phrase describing the world of corporations within the United States not under government ownership.

Its negative connotations imply financial or ideological self-interest, greed, resistance to entitlements and the irresponsible promotion of counter-socialist self-interest at the expense of government and competitors.

Its positive connotations imply a liberal and productive capitalist free-market society that creates wealth, directly and indirectly lifts the people's standard of living, rewards individual ability, and provides a ladder to financial success.'

Taking up the subject of health care again Ben Rowley, writing under Student Voices in mid July observes...

'The American health care system is said to be market-based. This means (whether admitted or not) health care decisions are often influenced more by the financial outcome for the provider and insurance company than the health of the patient.

This profit seeking is ruining the health of far too many Americans.

In the quest for increased profits, insurers and hospitals have resorted to practices that lead one to question whether any sense of ethics remains in corporate America.'

In May a new survey by consulting firm Watson Wyatt found that 84% of large U.S. employers do not support a single-payer system such as universal health care coverage. Of the 453 companies surveyed between November 2007 and January 2008, 78% favor private-sector solutions.

The report concludes

'it remains to be seen whether Congress and the new president can enact significant reform,'



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