UPDATE: In a serious blow to our Swiftie fans and younger readers/judges/pds/asas, the DC Circuit Court of Appeals just upheld the law...steady now...BANNING TIK TOK!!!!
As out Swiftie readers are wont to say (over and over and over ) OMG OMG OMG !!
Now what?
For you non-Swifties, who read, here is the Politico Article.
Have you seen this guy?
This is the picture of the man who assassinated the CEO of United Health Care in Manhattan earlier this week.
There is more to this story than meets the eye.
First, it is a shocking assassination done in a cold-blooded manner on a busy street in New York City.
Second, the immediate effect of this will be for corporations to provide 24 hour security to their CEOs now that they have become fair game.
But there is a deeper story here and it relates to the health insurance industry.
The response to this killing on social media has been predictably, not sympathetic.
There are comments like "My ability to feel sorry for this is unfortunately out of network and not covered."
The health insurance industry is broken. Doctors are routinely denied authorization to provide palliative or lifesaving care. In response, doctors and hospitals have added a layer to the health care bureaucracy with patient advocates who structure care and prescriptions in a manner designed to get approval. In response the insurance companies have added a layer of employees to decode the patient advocates. It is an arms race where innocent people are being killed.
Perhaps it is time to recognize that private health care insurance does not work. Privatizing health care insurance has not brought market efficiency to the industry. It has turned it into an enormous and money wasting bureaucracy.
The free-market incentives do not work because companies like United Health Care are beholden to shareholders who demand quarter by quarter increases in profitability and stock price. This in turn creates short-term thinking at the expense of the health of the public.
The GLP-1 drugs are a perfect example. They are by all accounts a miracle drug that not only helps people lose weight (it was revealed this week 70% of Americans are obese), but has been shown in preliminary studies to increase life span, and lower desire for alcohol and drugs. Spending a billion dollars now to help people achieve a healthy weight lowers future health care costs by tens of billions of dollars. The GLP-1 drugs will help end the diabetes epidemic. But companies like United Health Care cannot afford to think long term. Medicare and Medicaid can. Which is why it is time to re-think the use of private health insurance companies in the matrix of health care.
What we have now does not work. And the tragedy of the murder this week is just the tip of the iceberg of the hatred the abusive conduct of private health insurance companies have created.
FYI- Eli Lilly's new drug Tirzepatide was shown to be 5X more effective than Ozempic. Just saying that you might want to look at Eli Lilly as a profitable investment in the long term GLP-1 arena.