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News :: Labor
Savings from cutting insurance and drug industry waste could fund health care for all
06 Oct 2004
A report will be released on October 7 showing how the savings from cutting insurance and drug industry waste could fund health care for all in Massachusetts.
BOSTON - Jobs with Justice will release a new research report showing how the money wasted on private insurance red tape and protecting drug company super-profits could be used to provide affordable health care for all in Massachusetts.

The report determines the excess administrative costs of private insurance in Massachusetts using a Medicare standard of efficiency and the potential savings achieved by making drug companies sell in a more competitive market. The study also calculates the waste from the additional subsidies to the insurance industry that were part of the recently passed Medicare prescription drug benefit. The savings add up to more than enough to cover all of the 1,443,000 people in Massachusetts who went without health insurance sometime last year.

"Waste Not, Want Not: How Eliminating Insurance and Pharmaceutical Industry Waste Could Fund Health Care For All in Massachusetts" will be posted on the Massachusetts Jobs with Justice website at www.massjwj.net on Thursday, October 7, 2004. Reporters may obtain a copy of the embargoed report prior to its release by contacting Rand Wilson at 617 989-8045.

Similar state reports will be released across the country in 16 locations in conjunction with Health Care Action Week, October 3 – 10, 2004.

During the week of action, 15 unions, 9 health reform groups and 8 community organizations are working with Massachusetts JWJ to send a message to political candidates before the election to take a stand against the special interests and work for comprehensive reforms that will lead to health care for all.

Former state senator and gubernatorial candidate Warren Tolman will lead a special forum on Sunday, October 10 from 4:00 - 6:00 pm at the Old West Church in Boston to highlight the failures of the current health care system and present visions for change based on the report's findings.

The cost of providing health care to employees rose by 11.2 percent this year, the fourth consecutive year of double digit increases. The increases in the cost of health insurance are more than five times the rise in workers' pay. Skyrocketing costs have also resulted in a decline in the number of workers covered under employer-sponsored plans.

"The current system is clearly failing working families," said Russ Davis, director of Massachusetts Jobs with Justice. "It’s time to hold our elected leaders accountable. Working families need a secure health plan that affordably covers everyone."

# # #
See also:
http://www.massjwj.net
http://www.jwj.org

This work is in the public domain
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DREAM ON!
06 Oct 2004
When Drug Companies have all the Senators and Representatives in their pocket? Nothing is going to change.
Wait 20 years.
Revolution time.
Re: Savings from cutting insurance and drug industry waste could fund health care for all
07 Oct 2004
A great site for health care costs i the WHO 2000 survey

Basically Americans pay two to three times as much for health care as other countries and there are 34 conutries delivering better, much better health care for half the costs, governmental and private.

I ran some numbers and put them up at http://www.lccdigital.com/mort-cst.htm

In the US we are paying for a Mercedes and getting a rusty Hyundai.

Re: Savings from cutting insurance and drug industry waste could fund health care for all
07 Oct 2004
"In the US we are paying for a Mercedes and getting a rusty Hyundai. " -jay nickson

true, except dont forget about the millions not able to pay for any car yet are sent out on the highway where they try to survive. Over 18,000 people die in this country every year because they dont have health insurance. 6 times that who died on 9/11! Yearly! If only the government were to go after the drug and insurance corporations a vigorously as it did Iraq they'd actually be fighting a war against the people responsible for thousands of unneeded deaths. Actually an much less extreme yet effective plan they could simply do is stop being beholden to those corporate interests.