Voter, you are a lost soul and a dreamer if you have any faith that voting actually dictates policy in America. The whole entire thing is very fake and gay.
This really happened. In a historically left-leaning, liberal state known for electing democrats, vox populi elected a republican for governor. This governor had a political career as a staunch conservative, a business career in the cut-throat upper echelon of capitalism known as private equity. The governor passed into law the nation’s first state-subsidized health care mandate (at the state level, before ObamaCare took effect at the federal level). The bill, known as RomneyCare, was authored by a self-described Marxist, a man who shares credit in the creation of what is known as the Democratic Socialists of America (yes that DSA). The bill provided comprehensive health insurance (at no cost) to the low/no-income class. Health insurance carriers now provided coverage to these recipients – yet the health insurance carriers still had to maintain their revenue streams (to run profitable business operations). In order to do so, the health insurance costs to the working class skyrocketed stratospherically. Finally, special caveats written into the bill that required the costs of behavioral health care (therapy, substance abuse treatment) be included in all insurance plans. And by enabling this caveat, the private equity firm the governor co-founded, which owned investments in substance abuse treatment centers, profited enormously through both a dramatic surge in revenues earned by the substance abuse treatment centers and through the eventual sale of the investment – with a monstrous capital gain earned on that liquidation.
Politics in America is nothing more than bombastic orchestrated hyperbole – truly – the consequences of our dystopian post-truth fact-checked democracy: ordinary working people that vote get fucked.
His grandfather was a locally-based politician, his father served in Nixon’s cabinet. Prerequisites met – political legacy. This man went to elite schools like Harvard and earned a JD/MBA. He found cut-throat white collar success in the private equity realm. He entered into politics. He is a right-wing conservative Republican. Very religious. A devout Mormon. He ran for governor in a left-leaning state. “Taxachusetts” it’s called, with excessive sales & use, excise, payroll and real estate taxes – in aggregate – compared with other states.
He won the election. A Republican governor in Ted Kennedy’s state. His name is Mitt Romney. He is the quintessential Republican. He was a bona fide conservative of that time; platform with built in expectations for::
- Bolstering capitalism
- Tax cuts (one would assume)
- Smaller government (slash spending)
- Laissez faire old school conservative politics (right?)
The conservative governor – a conservative right-wing, republican – and the bullshit that entails – and yet: he onboarded a Marxist (a fellow Harvard man who is one of the original Democratic Socialists of America) to concoct policy that once passed, it has significantly altered the economic framework of Massachusetts, then the country over – for he authorized the enactment of state subsidized health insurance in Massachusetts.
It was dubbed “RomneyCare.” – aka the test-run for ObamaCare – the Affordable Care Act.
The Marxist John McDonough (author of RomneyCare):
The RINO passed what truly was the most economically far-left, economically radical, socialist piece of policy in the modern era of Massachusetts.
McDonough is a former chair of the Boston local of Democratic Socialists Organizing Committee, (since 1982, known as Democratic Socialists of America), the U.S.’s largest Marxist organization. He is a Harvard graduate, like Romney.
D.S.A. has used this gradual approach for decades, setting up numerous front groups and using subservient labor unions and secret supporters in state legislatures and the U.S. Congress to put forward several versions “single” payer legislation.It was only with the election of President Barack Obama in 2008, however, that D.S.A.’s long held dreams began to be realized at the Federal level.
The policy dubbed RomneyCare, was the first “universal healthcare” mandate passed in the United States. So in Massachusetts, radical changes came to the economic lanscape, which had and has had, extremely unfavorable circumstances for the working class that receives health insurance as part of their compensation from their employer. These are the pillars of the RomneyCare:
- For all individuals that can afford health insurance, it is now law they must have health insurance. The method to substantiate the level of income is determined via an individual’s annual income tax return.
- For individuals that cannot afford health insurance – low-income, which is determined using the Federal Poverty Level guidelines, individuals in this tier will receive comprehensive health insurance at the expense of the state.
- For businesses of 10+ employees, the employer must offer health insurance as part of the basic compensation package for employees.
Working Class – Financial Torpedo:
Premium and Co-pays: The impact was quite staggering. First of all, for the working class that already had employer sponsored health insurance, this is where the brunt of the health insurance carriers adjustments to their profitability models hit hardest most. Prior to the enactment of RomneyCare, health insurance was a benefit (in both a figurative and literal sense) for a small portion of one’s salary went towards medical coverage. This coverage extended to include dependants (spouse and children). When one would go for an eye exam, or their child to a pediatrician for an annual physical, or their wife to fill a prescription – copays were the really the only additional cost to having traditional medical insurance coverage. What I mean when I say traditional, I mean essential, critical, non-elective – “doctor’s orders” – medical protocols vital to maintaining health. Copays would range from $5 to $20 per scheduled doctor appointment/medication refill/ER visit/etc. This depended upon both which carrier one had (ie Tufts, Harvard Pilgrim, etc) and the expansiveness of the coverage of the premium paid via employment.
But really, copays were manageable, they were reasonable, it (speaking anecdotally) was fair enough.
Well, once RomneyCare took affect, the premiums materially did not change, nor did co-pays. We were all introduced to the deductible.
Deductible: Premiums still applies, copays still applies but now – before the benefit of paying for the health insurance even takes affect, now a deductible would have to be paid. Simply stated, from $2,000 to $5,000 would be paid out of pocket before coverage from premiums applied. This is how the carriers recovered their costs for having to handle the administration of state-subsidized health insurance plans. This is definitively a socialist redistribution of wealth. Put into affect by a so-called conservative politician.
The pain did not end there.
Penalties for Being Uninsured: RomneyCare provisions also made it mandatory that anyone who could afford health insurance – according to financial affordability metrics penned by the Marxist – would have to pay for it. The reporting method of proof of having paid for health insurance came through a new level of regulatory compliance, enforced by the Massachusetts Department of Revenue. On one’s individual annual income tax return now included mandatory reporting of this health insurance proof. For each month an individual (and their joint-filer and dependants) did not have paid health insurance, the penalty imposed was about $80/month. This penalty, if applicable, would go dollar for dollar to any state refund, or liability payment owed, upon filing.
Carrier Chicanery: Pre-existing conditions. This got complicated, all I can say is that anyone with a pre-existing condition before acquiring health insurance via a carrier would have to crawl through bureaucratic chutes and ladders to have services approved for payment. A fucking nightmare for many. Disenchantment is a great method to remove the motivation to dedicating time and effort to satisfy the bureaucratic protocols.
Businesses of 10+ Employees: small businesses, working class businesses, now had to offer these deductible-plagued health insurance plans to their employees if the company had more than 10 employees. Another financial uppercut, right to the face.
Capitalism for the Win (sale of CRC):
Mitt Romney joined Bain & Company around 1980. He demonstrated his strong abilities for the realm of private equity and was the co-founder of Bain Capital, a dedicated private equity arm of Bain & Company. Private equity is a highly complex economic operation, incorporating a multitude of complex variables, of which my personal professional background affords me the ability to explain this simply.
Bain has typically high net-worth clients. Those clients invest their money into Bain’s investment operations. The investment operations involve acquisitions, mergers, divestitures, etc of various privately held businesses, injecting money into venture capital, placing money in hedge funds, etc. Let us call the resulting ownership in various investment operations holdings.
The holdings are not all pooled into one giant oversight scheme by the holding company, Bain Capital. There are multiple subsidiary operations; limited partnerships, limited liability companies, trusts, etc that portions of the holdings are funneled into and managed. We can call the subsidiaries pools.
One holding, which was carved up from ownership perspective into various pools, was a company called CRC Health. Bain Capital agreed to acquire the CRC Health Group for about $720 million, in late 2005. CRC Health owned and operated various substance abuse treatment centers, rehabs, clinics, etc – including operations in Massachusetts. With the passing of RomneyCare, many people with access to the state-subsidized health insurance – which provided coverage for behavioral health and substance abuse treatment, as mandated by the Marxist author – now could enter into various levels of treatment for substance abuse disorders – and it is all covered by the state.
CRC saw it’s profit margins dramatically rise while under the ownership of Bain, which made it a highly attractive holding that could be liquidated for a killing – in terms of a net gain on the sale of CRC.
Bain ultimately sold CRC in 2015 for $1.2 billion. Remember, they purchased it in 2005 for $720 million. The $400 million gain is quite substantial, not to mention the annual net income earned from owning the business operations of this particular holding. Those annual net incomes fed the pools. Very lucrative.
Lucrative and also very suspicious. The man that is the co-founder of the very beneficiary of this nature of business Bain undertakes, passes legislation that handsomely benefits the profitability of the holding – for people in need of the service provided by CRC (substance abuse treatment) – now have seamless access and mobility to utilize the service. First Massachusetts has RomneyCare – then ObamaCare passes nationwide – with the same provisions regarding coverage of substance abuse treatment.
Ironically, Romney lost to Obama in the 2012 presidential election. Romney’s campaign had an odd time conveying Romney being the man responsible for RomneyCare, the leftist socialist policy – to the nation of conservative, right-wing republican voters. And swing voters.
Oh yeah – the Marxist McDonough is credited with authoring ObamaCare too.
No Solutions to Problems in Rules-Based Democracy:
Romney’s legacy as governor is antithetical to the structure of the political ideology shared with those that voted him in …his loyalties were to the private equity circle, to the major donors to his campaigns, to the promised donors of his eventual presidential bid.
Marxist types scored a victory in the fact Romney’s RomneyCare was an actual implementation of a system to accomplish the redistribution of wealth. First in Massachusetts – adapted nationwide via ObamaCare.
So voter? How does this make you feel? Do you believe your vote, your milquetoast ideology, your owning the libs, or shaming the MAGA-pedes – does anything beneficial to your comfortable struggle come about?
No – it doesn’t.
Not only does he shit on your head ….you’re expected to say thanks for the hat.