Ned Pepper's Outrages

Tuesday, November 9, 2010

More plutocrat outrages

Across Ned's figurative desk comes yet another outrage from the sneering plutocracy. Not content to have stolen billions from patients and providers, the health care industry is on the verge of a titanic outrage so monstrous that Ned dare not name it, but it goes like this: Health care "provider" HCA is considering floating a $2 billion junk bond offering and using the proceeds to--wait for it-- NOT increase services to the sick, NOT increase payments to doctors, NOT provide nutrition counseling to fat people, nor to investigate ways to make their 20-30% administrative overhead more efficient--nor to increase salaries to their faceless functionaries; no friends, they propose to use the proceeds from the bond sale to pay two capitalist groups of sneering plutocrats, KKR and Bain (or some such nonsense) a $2 billion DIVIDEND.
Ned is relatively speechless at this outrage and can only say he wishes these plutocrats would get what Ned believes is due to them.

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