COLORADO SPRINGS, Colo.– Local voters have until next week to decide whether to accept the offer to lease the city’s Memorial Hospital to a University of Colorado non-profit entity, but there is no guarantee that the community health needs will continue to be met, in particular, that Memorial will continue to accept Medicare. Indications are not encouraging. At a symposium held tonight by 9 to 5 Colorado addressing privatization of public services, it was revealed that Memorial provides more care to indigents than any other hospital in the state. At the same time, the Denver hospital run by the University of Colorado currently ranks last there for indigent care. Apparently teaching hospitals prefer teachable cases, and excuse themselves from the cases that create billing difficulties because “it’s not their mission.” Alas, the prestige of becoming a teaching hospital is how politicians are selling the Memorial deal, now obviously dubious. And ordinarily the privatization of medical facilities in Colorado is regulated by what’s called a “conversion statute” except –it protects the public interest only in cases of hospitals sold, not leased! While a 40-year “lease” sounds less commital, it actually circumvents Colorado’s protections. Now let’s consider the implementation of President Obama’s Affordable Healthcare Act which may take some financial pressure off hospitals. Why-ever is Colorado Springs rushing to privatize before that card is face up? You can bet the medical industrialists have already factored that windfall into the profit they’re going to turn from cutting out everyone else who falls in the cracks. And we will have no say in the matter, because the lease makes that much clear. Why not ask our city attorney to confirm we’re screwed before the election and not after?
Tag Archives: We’re Screwed
Parasitical capitalism exposed
Got Real Player?
Two hours of excellent deconstruction of the big financial parasites and how 2008 will see a depression and a transfer of tax burden (bail out) onto the working and what’s left of the middle class. Banks are calling in loans on hedge funds and hedge funds don’t have the money (lost it gambling) so they are selling their assets (any assets) which include stocks. That’s why we see the big drops in the stock market. And the writing off of billions by the banks …large and small. And their stock price declining.
If the Fed keeps lowering interest rates (printing money to save their banking and wall street buddies) we’re screwed and it won’t help. That’s the same as me giving someone more money who is already in deep debt and has no way to repay me. They, the Fed, has screwed things up so bad we’d still be f__ked if they raised interest rates. It’s a liquidity fix one way and a credit tightening the other. But either way credit is cut off due to all the debt.
And all of this due to the subprime and criminal mortgage lending practices of the banks the Fed is supposed to be watching. Greenspan is a crook of magnificent proportion! He should be behind bars!! But it’s a systemic problem of corrupt fascist business model since the Fed took over the management, value and issuing of our currency in 1913. And largely amplified after the 1971 de-coupling of gold from the dollar. Dr Hudson explains how it’s all working to our demise.
This was in August before we see now Kucinich, like Paul, is being kept out of the debates and marginalized by the media. Hudson is Kucinich’s financial adviser. Some of you may not agree with his tax solutions but regardless, this is a scathing indictment of the current globalist capitalist financial/economic system. Deeply corrupt and terminal.
Dr. Michael Hudson on Financial corruption and collapse
Part 1 – Aug 15
Part 2 – Aug 22
Links on this site to the Aug 15 and 22 interviews.