Health Care Reform Is Essential For The US Economy

Reform Is Essential

Health care reform is essential not only because our current health care system is broken as far as the health of the American people (we rank below every other western country in health care outcomes and we rank 50th in life expectancy) but because our current system will eventually bankrupt our entire economy if we don’t change it.

The US Spends More $ For Less Results

The US spends more on health care than any other nation in the world (by a large amount) and when considering our less than stellar health care outcomes & life expectancy that’s even more disturbing.

The Health Insurance Industry Is The Problem

The problem is the health insurance industry. They are running amok with little regulation. They are making outrageous profits (they are reporting record profits even in the midst of this recession) and they aren’t even doing what they should be as far as providing the coverage for the health care that people need. In fact, that’s a large part of the reason they make such huge profits. When a health insurance consumer gets particularly sick (ie they get particularly expensive)  the health insurance companies look for any excuse to drop that consumer.

Their Profit Motive Is To Drop Coverage Of The Sick

The profit motive for the health insurance industry is in all of the wrong places. They make more money by not providing coverage to those who need it most.

When I talk about insurance companies dropping coverage for those who need their coverage the most, that should scare the hell out of you. This happens all of the time. But sadly most people don’t realize this is how the system works until it happens to them!

Lies About “Government Run Health Care”

Right now the health insurance industry is behind a lot of scare tactics (ie: LIES) about “government run health care” or “ObamaCare” but the truth is what’s really scary is what’s going on right now with out of control costs and sub-par health care results. “Pre-existing conditions” that stop people from getting the coverage they need. People who feel trapped at their jobs just to keep their health care. The system right now is royally screwed and anyone who says otherwise is either lying or ignorant.

Some Of The Most Common Lies 

1. “A government bureaucrat will be between you and your doctor”

The truth is if you have private insurance then you have a health insurance bureaucrat between you and your doctor and their only concern is their profit, not your health. Remember that we already have government health care in this country in the form of Medicare and doctors report having far fewer issues/interference from Medicare than they do from private insurance companies.

You should also consider that while Republicans like to talk about how scary “government run health care” is, they wouldn’t vote to repeal Medicare. In other words, they are completely full of it. And all of the “scare tactics” they use today when talking about health care reform are the same scare tactics conservatives used in the 1960s to make people afraid of Medicare. Think about that.

2. “You will be forced to use the government health insurance option”

No. While I think single payer health care would be the most effective solution, the truth is that the idea that President Obama supports is a “public option” which merely gives people the option to choose the government health insurance plan, you don’t have to choose it. You can stick with the plan you have now if you like it. This is nothing but fear mongering.

3. “It will cost too much money.”

Wrong! What would cost too much money is not reforming health care. Remember that our current private health insurance system costs far more than any other system in the world. A huge part of what makes this health care reform so essential is that it will (in the long run) actually save our country a huge amount of money. Our current system is outrageously ineffective and way too costly.

Too much money is going into the pockets of a few fat cats while too many of our people are sick which brings me to two major points: The huge profit margins of the private health insurance industry are sucking a lot of money out of our economy (from individual citizens and businesses) into the hands of a few health insurance industry executives and the large amount of sick people due to a lack of preventative care leads to more long term health care costs.

It’s clear that health care reform is essential, not just to improve the health of our citizens, but also to avoid disastrous results in our economy.

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Sold CCO @ $4.87 For 2.6% Loss & PRGN @ $5.36 For 7.6% Loss

CCO

I could have got out with a nice gain (~12%) but instead I’m out with this 2.6% loss on CCO. When doing this sort of short term swing trading it’s all about timing and my timing was very bad on this trade.

PRGN 

Eh. I lost a decent amount of money on this one.

I’m Out

I’m leaving the stock market for awhile. I want to get out while I’m still up. I’m still up about $3000 for the year but things just aren’t going my way anymore and I hate how much time I spend looking at stocks and all of the rest. It doesn’t feel very productive. And it feels really unproductive when I’m losing money like I have been recently.

Bought CENX @ $6.39

CENX is only up 1% today but it’s passing through it’s 10 day SMA and what this means is I’m getting it at a very good entry price if it does take off. It also seems to have a lot of support and it’s big resistance point is at $8 which would be a very nice gain.

As you can see I’ve bought 3 different stocks today - What I’m trying to do now since I’m trading on margin is to make more trades with smaller positions in each so that I minimize the risk I’m taking on any particular stock. When trading on margin losses can be much more destructive. On double margin a 50% loss wipes me out. And more realistically a 12.5% loss turns into a 25% loss which is much more painful.

And since SogoTrade only charges $3 per trade it doesn’t hurt so much to make more trades with smaller positions and since I’m trading on margin, my smaller positions can still help me make big gains.

Going forward I would like to split my account into 2 or 3 positions and then possibly 4 or 5 positions as I have more money to work with (being very hopeful there…)

BTW I have three sub $5 stocks on my screener right now (I can’t play these because of SogoTrades $5 min for margin trades.)

OCNF - $1.84
COIN - $1.70
KFN - $1.39

Bought CCO At $5.01

I can only buy stocks over $5 using margin with SogoTrade so I jumped on CCO as it went over $5 as it’s been going up all day. It’s already up about $1.50 / 40% and I usually stay away from stocks with that kind of gain, but from what I’ve been learning following Tim Sykes - I think that may be a mistake. Perhaps it’s better to jump on on these rockets as they’re going up instead.

I do feel a bit bad for buying stock that has anything to do with Clear Channel because I despise them. But I am just going to buy and sell it of course so… whatever!