The Democrats’ Authoritarian Health “Reform” Bill and the Ascendency of Corporatism in the Democratic Party
by Miles Mogulescu
(This is the first of a series of blogs/articles that will try to put the growing disappointment of many progressives at President Obama’s policies into a wider political and theoretical perspective about the divide in the Democratic Party between progressives and corporatists.)
If Barack Obama and today’s Congressional Democrats were passing Social Security for the first time, instead of a creating a public program, they would likely be mandating that every American buy an annuity from a private, profit-driven Wall Street firm like Goldman Sachs (who could keep 15%-20% of their payments for overhead, profits and executive salaries) with the IRS serving as Wall Street’s collection agency. If they were passing Medicare today, they would be mandating that every American buy a health insurance policy from profit-driven companies like Aetna, Humana and Wellpoint that would start paying benefits with 40% co-pays and $10,000 a year deductibles when they turn 65.