Bush Bullshits the Nation Again With Health Savings Account Scam: Health Care Exec. Rakes in $58,000,000 Heading Company Using the Scam per AFL-CIO

Bush in his own words; "First, it is a part of our drive to make health care more consumer-driven. There's two components to a health savings account; one is low-cost catastrophic insurance coverage, and a tax-free health savings account. Those are the two components of what I'm talking about. Catastrophic coverage protects you and the family in the event of devastating medical illness -- if you're really sick, a catastrophic plan kicks in."

Allow Rory to raise a couple of points: "Low-cost" for whom? The insurance companies of course. This Health Savings Account (HSA) shit is high-deductible coverage. Some deductibles may be as high as $10,000, according to the AFL-CIO. The "consumer" also known as "the fuckee" by the joint Insurance Industry/bushcheneygovernment/fascist/rapethepeople task force (IIBFRTF) pays the deductible out of his so-called health savings account. And it ain't free. The fuckee still gets to pay a premium.


The HSA allows a variety of financial industry profiteers to get their hooks into yet more of the suffering workers' money as they profit from holding it, investing it, etc. It's only tax free so long as it stays in the account and is used to pay the insurance companies their extortionate deductibles when the time comes or if it's used for routine medical care What a deal. "Consumer driven?" How about "consumer driven to despair" ... that'll be the recurring headline.

So, here's an example of how it will work. Joe and Josephine low wage workers are a little short of money for food and rent most months. Thus, they have a balance of $12.00 in their HSA, after 2 years. Their deductible for "catastrophe" is $10,000. In the meantime, they don't have what the scammers define as a "catastrophe" just some relatively serious health problems, so they pay all their medical bills out of pocket, with a big $12.00 infusion of cash from the HSA. In addition let's not forget that they pay an exorbitant premium for their catastrophic medical coverage. Wow, President Bush, thanks a fuckin' lot. Thank god people are gonna have insurance coverage.

To make matters even worse, Fly-On-the-Wall was privy to administration/insurance co. discussions about a new scam involving what will be called "Consumer-Driven-Custom-Coverage." For example, one could elect thorax-only coverage with a high dedcutible for a premium of $312.00 per month.
The president is already preparing a speech on this one planned for McDonald's Headquarters next month. From his speech: "You might have a -- er a heart problem --- you know like the Vice President does, but you've got a good brain, maybe good feet and all, so you might elect to just have thorass, thoraxe, er chest-type coverage with a high-deductible. This type of flexibility is what is needed to keep the industry strong in a changing economy ... to allow them to bring coverage to more and more people. Or maybe you've got something wrong with a colon too. Thorass and colon. Could have problems with both. Consumer driven option right here too. Add a colon rider. Puts the control in the consumer. You customize the plan. Innovation. That'll keep us strong. Ahead of terrists. And nations that don't innovate."

Well the truth of the matter is, once again the Insurance Industry/bushcheney is asking the people who can afford it least to take it hard, painfully, and sans lube, right up the ass. More and more CEO's are gonna be making $58,000,000 or more and more and more people are gonna become poor. And more and more people are gonna die without good medical care sooner and more painfully than they have to. And in the meantime, will we be driven to the brink of madness by the pathological lies and heavy duty smoke force-blown up our collective ass by our executive branch on almost every topic they yap about? For the truth and some real facts about this HSA horseshit wrtten in a no-bullshit way, Rory Recommends:

afl-cio spells out the facts and truth about HSAs

Finally, about that dude in the headline: In 2004, William W. McGuire raked in $58,784,102 in total compensation including stock option grants from United Health Group Inc. From previous years' stock option grants in United Health Group Inc. he cashed out $114,552,832. He has another $139,598,622 in unexercised stock options from previous years. United Health Group uses the Health Savings Account scam as it proudly describes on its web site.

Indeed, they list it prominently on the page describing their "innovations." In their own proud, consumer-hosing words they describe their activities as fuckor, in this field:

"UnitedHealth Group launches iPlan® HSA, a product that integrates a high-deductible health plan with a health savings account, for employer groups. The product is offered through the company's UnitedHealthcare and Uniprise businesses. Golden Rule, a subsidiary of UnitedHealthcare, offers HSAs to individuals."

United Health Care's We're Proud to Think of New Ways to Make Money -- Oh and incidentally we are in the healthcare business self-congratulatory corporate blather

Well friends, while we were asleep the golden rulers were thinking of new ways to hose us. Another one in the form of the HSA floats to the surface of Bush's recent oratory like a large, rank turd. And Rory has been forced to stifle the gag reflex and examine it. May this scam go down the great cosmic shitter of justice before it kills too many undeserving people.