health care lobbying

Health Care Bill Spurring "Mergers & Acquisitions" in Sector

You're going to love this one. The New York Times is reporting that instead of reducing health care costs by the reform bill, Doctors, Hospitals and Insurance companies are merging and also using their new clout for lobbying against any regulations. That's right, a monopoly and we all know monopolies do not bring down costs. Even worse, we have predictions that the big winners will be offshore outsourcers on the health care technology front, also consolidating.

Currently, there are bonuses in the new health care law for those bringing down costs. So, instead of really bringing down costs, Hospitals, Doctors are consolidating. The New York Times:

Now, eight months into the new law there is a growing frenzy of mergers involving hospitals, clinics and doctor groups eager to share costs and savings, and cash in on the incentives. They, in turn, have deployed a small army of lawyers and lobbyists trying to persuade the Obama administration to relax or waive a body of older laws intended to thwart health care monopolies, and to protect against shoddy care and fraudulent billing of patients or Medicare.

Consumer advocates fear that the health care law could worsen some of the very problems it was meant to solve — by reducing competition, driving up costs and creating incentives for doctors and hospitals to stint on care, in order to retain their cost-saving bonuses.

Here Come the Lobbyists on Health Care Reform

Lobbyists are pouring money into D.C. on health care reform.

The fact is these massive funds flooding D.C. to buy our Government are ill gotten profits from sick people. It's all a huge effort to maintain the status quo, keep their for profit industry intact and to block any assemblance to single payer universal health care reform.

Below is a table of the funds dumped on D.C. in Q1, 2009. If you have more numbers, please consider leaving them in a comment with a reference and it will be added to the tally.