Biden’s Neoliberal Rescue Of For-Profit Health System Proves We Need Medicare For All

President Biden, the Democratic Party and America’s neoliberal vision of world order is rooted in an economic philosophy of privatization and financialization. To assure privatization goals of the 1% oligarchs, distinguished economist Michael Hudson writes that this is achieved by “conquering the brains of a country by shaping how people think. If you can twist their view into unreality economics, to make them think you are there to help them and not to take money out of them, then you’ve got them hooked.” To maintain corporate control of U.S. health care insurance, our system is privatized and unregulated. Private, big insurance companies are in the business of making money, not providing health care, and when they undertake the latter, it is likely not to be in the best interests of patients or to be efficient.

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