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The Hartmann Report

Daily Take: The Deadly New GOP Plan to Rapidly Privatize Medicare

The Hartmann Report

Thom Hartmann

News, Debate, The Hartmann Report, Economics, Thom Hartmann, Democracy, Climate Change, Congress, America

4.51.3K Ratings

🗓️ 6 February 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Medicare Advantage is not Medicare: it’s private health insurance for seniors that’s largely paid for with our tax dollars. They make their money by routinely denying claims…

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Transcript

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0:00.0

The deadly new GOP plan to rapidly privatize Medicare.

0:05.0

I want to invest in a scam that lets you make billions with virtually no risk.

0:09.0

If you're morbidly rich, all you have to do is open or buy an insurance company that's offering

0:13.5

Medicare Advantage plans and now Republicans are saying that if they retake the

0:17.8

White House they will change the Medicare rules so that people nearly turning

0:21.4

65 will enroll by default into Medicare advantage

0:25.0

rather than real traditional Medicare.

0:27.0

Further enhancing the profits of these massive billion dollar insurance giants

0:32.0

while rapidly killing off real Medicare.

0:36.4

This is the culmination of a long-term plan.

0:39.0

George W Bush ran for both Congress and 79 in the White House promising to privatize Social Security

0:46.0

and Medicare.

0:47.8

In 2005, he tried mightily to privatize Social Security, scheduling a multi-city tour across America to promote the idea.

0:55.7

He had political capital from winning the 2004 election based on his war president credential

1:01.1

and he said he was going to use it. The more he pitched the idea,

1:05.6

the more he pitched private private social security plans however, the more people disliked

1:09.8

the idea. Bush gave up halfway through his tour, but not to mourn. He'd already

1:15.0

taken a tire iron to Medicare in 2003, getting half the privatization job done by

1:20.0

creating the Medicare Advantage scam.

1:24.2

It was one of the greatest testimonials to the power of lobbying and political bribery in modern

1:28.9

American history.

1:30.6

The amazing part is that Medicare Advantage is not Medicare.

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