Oh No! Health Insurance Stocks Are Falling Following Passage Of Baucus Bill!

Yup, I know. We are all just choked up over that fact. :party:

Here is a link to the index in real time:

http://finance.yahoo.com/q?s=%5Ehcx

Notice the drop near the vote.

I think they just realized they are unable to stop HCR.

,but even it's slight move ti the left in committee has turned them off. As finance is more conservative than the Senate as whole the bill will move even more to the left.

That's pretty much what can be expected of the Ivy League-trained executives of any industry these days.

Let's see, they are going to get from this bill an individual mandate and no public option. That means that more people will be forced to buy their shitty policies at inflated prices and put up with their bad service. Those who fail to buy shitty policies from Cigna, United Health, Wellpoint or any other HI racket will be fined by the government. But the fine isn't high enough, the racketeers say, and they are afraid that too many people will just defy the law and pay the fine.

For crying out loud. They are having millions of new customers delivered to them at gunpoint and they are whining because the government won't deliver even more.

The Baucus bill, as it stands, is not worth the time of day. Taxpayer money is to be given back to the taxpayer so he can buy health insurance from a racketeer who will drop him from its rolls as soon as he claims benefits. That's not change I can believe in.

Were I a member of the senate, I would vote against this bill. I would vote against any bill without a public option if it contains in its place an individual mandate.

I expect the government to protect me and my fellow citizens from organized crime. The Baucus bill puts us at its mercy. An individual mandate should only be considered if there is an option to go with a government plan rather than having to deal with a crooked private industry.

You can follow it hour by hour on the interactive chart on the right of the initial screen, but that is a bit geeky. :)

that will be fun

:cry:

3 months ago because I had a gut feeling this was going to happen

Because nobody benefits from that piece of shit EXCEPT insurance companies. :shrug:

The Baucus Bill HAD to be passed so they could move on to the NEXT step of merging this bill with other, more LIBERAL bills. The Baucus Bill is NOT the final bill.

They should have killed it entirely, and moved on with the other bills. If they can't do that, fucking start over and pass a REAL reform bill with absolutely NO involvement from insurance criminal whores.

committee. Since it was the most conservative committee, the bill was the most conservative. It's too bad you don't know how it works, and if you DO know, it's too bad you want them to start over just like the Repubs.

It doesn't work in the purity world.

I've noticed facts and logic are treated with scorn.

Lectures from someone with 26 posts, against "purity" (i.e. acting like an actual DEMOCRAT)

Good news is that someone is still hiring in this fucked economy. Bad news is it's the DLC boiler room.

You don't have anything to say?

but I'm not a dude. I'm female. :)

berni_mccoy (1000+ posts) Tue Oct-13-09 01:33 PM
Original message

Why Health Care Reform Dies if the Baucus Bill is Killed in Committee

Many people have asked why do we need the Senate Finance Committee... and wouldn't no bill be better than a bad bill (from this committee). The answer is simply that there will be no bill in the Senate unless the Baucus bill is passed out of committee. The HCR reform bill was referred to two committees, jointly, in the Senate and as such, they must report combined legislation. The HELP committee bill jurisdiction lies with structuring the reform, while the Finance Committee jurisdiction lies in how to pay for it. If either committee kills the bill, the bill dies, period (legal text below). If both bills pass committee, then the Senate must reconcile them in conference for a vote. If the bill passes the Senate (with 51 votes), it must be reconciled with the House version.

However, if the Senate Finance Committee kills the bill, the matter is dropped entirely (the HELP bill gets no consideration), or it is referred back to committee again, and we start from square one. Given that the players aren't going to change hands, and only one member of the Senate Finance Committee is up for re-election and Senators are on 6-year cycles, the matter will likely not be reconsidered for the next 4-6 years, if ever.

Here are the rules of the Senate which cover what will happen if the Bill fails to leave committee:

http://rules.senate.gov/public/index.cfm?FuseAction=Rul...



RULE XVII

REFERENCE TO COMMITTEES; MOTIONS TO DISCHARGE; REPORTS OF COMMITTEES; AND HEARINGS AVAILABLE

1. Except as provided in paragraph 3, in any case in which a controversy arises as to the jurisdiction of any committee with respect to any proposed legislation, the question of jurisdiction shall be decided by the presiding officer, without debate, in favor of the committee which has jurisdiction over the subject matter which predominates in such proposed legislation; but such decision shall be subject to an appeal.

2. A motion simply to refer shall not be open to amendment, except to add instructions.

3. (a) Upon motion by both the majority leader or his designee and the minority leader or his designee, proposed legislation may be referred to two or more committees jointly or sequentially. Notice of such motion and the proposed legislation to which it relates shall be printed in the Congressional Record. The motion shall be privileged, but it shall not be in order until the Congressional Record in which the notice is printed has been available to Senators for at least twenty-four hours. No amendment to any such motion shall be in order except amendments to any instructions contained therein. Debate on any such motion, and all amendments thereto and debatable motions and appeals in connection therewith, shall be limited to not more than two hours, the time to be equally divided between, and controlled by, the majority leader and the minority leader or their designees.

(b) Proposed legislation which is referred to two or more committees jointly may be reported only by such committees jointly and only one report may accompany any proposed legislation so jointly reported.

(c) A motion to refer any proposed legislation to two or more committees sequentially shall specify the order of referral.

(d) Any motion under this paragraph may specify the portion or portions of proposed legislation to be considered by the committees, or any of them, to which such proposed legislation is referred, and such committees or committee shall be limited, in the consideration of such proposed legislation, to the portion or portions so specified.

(e) Any motion under this subparagraph may contain instructions with respect to the time allowed for consideration by the committees, or any of them, to which proposed legislation is referred and the discharge of such committees, or any of them, from further consideration of such proposed legislation.

4. (a) All reports of committees and motions to discharge a committee from the consideration of a subject, and all subjects from which a committee shall be discharged, shall lie over one day for consideration, unless by unanimous consent the Senate shall otherwise direct.

(b) Whenever any committee (except the Committee on Appropriations) has reported any measure, by action taken in conformity with the requirements of paragraph 7 of rule XXVI, no point of order shall lie with respect to that measure on the ground that hearings upon that measure by the committee were not conducted in accordance with the provisions of paragraph 4 of rule XXVI.

5. Any measure or matter reported by any standing committee shall not be considered in the Senate unless the report of that committee upon that measure or matter has been available to Members for at least two calendar days (excluding Sundays and legal holidays) prior to the consideration of that measure or matter. If hearings have been held on any such measure or matter so reported, the committee reporting the measure or matter shall make every reasonable effort to have such hearings printed and available for distribution to the Members of the Senate prior to the consideration of such measure or matter in the Senate. This paragraph

(1) may be waived by joint agreement of the Majority Leader and the Minority Leader of the Senate; and

(2) shall not apply to

(A) any measure for the declaration of war, or the declaration of a national emergency, by the Congress, and

(B) any executive decision, determination, or action which would become, or continue to be, effective unless disapproved or otherwise invalidated by one or both Houses of Congress.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6765334

Keep on them to make the changes we want so the best bill comes out. We can't just sit back and hope things happen, we haveto push for it. I have concerns about dental care, which I think have not been addressed,things about seeing specialists and if a non-profit or an insurance based plan will make up the Public Option ---and how public is it. So we have to keep pushing and talking. Don't leave it up to the Senators and say it's their fault, we need to make the concentrated effort to get things done.

Ick..that sounds so wrong and channels a Brooke Shields advert from the 80s, but it's fitting.

Let me fix that...

:nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity:

is bad for the insurance companies. That is why they are fighting tooth and nail to stop any type of reform that doesn't drop millions of people in their loving care.

They are leeches! They provide ZERO medical service! They don't cure you!
They are not doctors, not nurses, not pharmacists, not even hospital janitors!

They are MIDDLE MAN who sponge off a good chunk of our health care dollars.
On top of that they deny payments for many needed medical procedures and medicines.

To be sure, government is not your most efficient operator of any service. Examples
are post office, TARP, Katrina relief services, Medicare fraud and waste, Social Security
in fiscal trouble looking ahead etc etc.

However the dollars saved from the health insurers will more than pay for any waste
and fraud in government operated insurance. And we will be denied payments less frequently.

Sorry its all I could think of when I read the title.