Keyword Search: in
Is Obama Bailing Out Big Pharmas Bursting Bubble
View article disclaimer and terms
Tags: Health care

This article has been viewed 16374 times.
Ask us a Question
Email Address
Code ^

Bubble economics has become a painful financial lesson for America and the rest of the world. Will we learn from our mistakes? Will we get smarter about recognizing bubbles before they burst, so that the air can be let out of them in a less painful manner? It appears that our new president, in his passion to provide health care for everyone, is about to pump hot air into a bubble that is ready to explode under the weight of its own fraud and lack of results. The magnitude of this problem is on par with the scope of our mortgage meltdown mess, yet the problem is quietly flying under the radar - mostly due to denial. Sound familiar?

A free economy works well when its members roll up their sleeves and put in a hard day’s honest work. It suffers when those in leadership or control con the system for excessive personal profit or when members are lazy or seek something for nothing.

At the moment it is very popular for Americans to hate Wall Street - and with good reason. However, be careful what you wish for. Wall Street exists to coordinate investment in the private sector, leverage the power of money to expand business productivity, and consequently to produce jobs for Americans and the rest of the world - so that you can buy whatever you want in exchange for what you have produced. Investors help make this possible, and expect a piece of the pie.

A bubble is a fraudulent product with a sustained revenue source that does not produce a legitimate or desired result. It sucks up money and acts like a parasite on true productivity, eating pie that wasn’t earned. In the case of the financial products provided by Wall Street, various players created fraudulent investment products with no real value and sold them as if they were legitimate. Investors around the world bought them, providing the bubble funding. Consumers went along with it, using the money to buy houses they couldn’t afford while acquiring additional possessions with Monopoly-money credit. The price of housing soared on the back of this fraudulent bubble, providing temporary financing to fuel real jobs for the economy. The problem with all bubbles is that there is a day of reckoning. And that day has come.

The Health Care Bubble

Many are now blaming the lack of regulation on Wall Street for the bursting economic bubble. This implies that greater amounts of regulation would solve the problem and prevent it from happening again. However, laws are typically bubble makers. This is because those with money, often obtained by a bubble in the first place, use that money to lobby for laws that lock in their bubble. And this gets me to the story of the Big Pharma health-care bubble - a story driven by the opposite problem of Wall Street - too much regulation getting in the way of health while flowing hundreds of billions of taxpayer dollars into a black hole.

Hospitals profit only when beds are full. Last year in the beginning of February, like this year, hospitals were lamenting over the lost profits from the lack of a vigorous flu season. Yes, it’s true, unless a lot of people get really sick in the next few months hospitals will be in big financial trouble.

Doctors can only make money when people come to see them; which doesn’t happen that often when people are well. When doctors get people well they lose business. No wonder they swear by vaccination programs. And Big Pharma can only make money on drugs when people have to take them endlessly - not when people are made well by a treatment. Hundreds of billions of dollars are in play.

Most of us in the field of natural health call this the sickness industry. Yes, I know, there are legitimate health care needs and expenses. That is not my point. We have more than a slight problem on our hands, as several hundred thousand Americans are killed each year by the fraud within this industry. No war has ever taken such a toll, especially from an enemy that is not even openly identified. Regulations and laws, both state and federal, are used to buy cover for this fraudulent and murderous bubble world - sanctioning it as legal.

The problem is far worse than public health officials care to admit. Denial is always needed in order to perpetuate a bubble. Injuries and deaths are swept under the rug. They are typically blamed on the patient’s underlying health, not on the treatment that caused further problems.

The health-care bubble has been building for a century. It has reached the breaking point due to high profile disasters like Vioxx. There are currently numerous bubble-related drug scandals under investigation, causing the general public to be more afraid of bubble treatments pushed on them by their bubble-trained doctors. FDA management is most often a co-conspirator, pitting itself against the more prudent advice of its safety scientists. FDA management is a revolving door with the industry it is supposed to regulate, and FDA managers typically move on to take high-paying jobs in the health-care bubble economy.

Scientific journals have been hijacked by the bubble gangs, their integrity lost. Research universities are on the bubble payroll, as are key doctors around the country. Professional organizations like the American Medical Association and the American Heart Association are little more than organized bubble gangster mobs. Most doctors live in fear of their licensing boards. The Big Pharma bubble economy is like house building gone wild - is it too big an industry to let fail?

The problem with the health-care bubble can be summed up by asking one simple question: Where is the result of actual health produced from services and treatments? No business can survive without help when it routinely fails to produce the result or product that is expected - why should health care be any different?

This phony industry can only be sustained if the costs of its services and products are paid for by others - and these health care costs are already a major drag on productivity and competitiveness for all Americans (costing lots of jobs). Obama was told by the health care industry that it would take at least two years to try to rein in the fraud in this system before a national health care system could even have a chance - and that is just the blatant fraud - nobody is looking into how deep the rabbit hole actually goes.

Obama is not listening and is instead taking the opportunity of the financial meltdown to orchestrate his health care agenda through “stimulus” spending, locking in hundreds of billions of dollars of new yearly funding for this bubble. Republicans argue that such spending doesn’t create enough new jobs. And Democrats argue that any spending stimulates the economy. Since Democrats are now in control, they will stimulate the economy in a way that reflects their health-care objectives.

The problem that neither political party seems to be addressing is: What happens when stimulus spending is fueling another major bubble that is about ready to burst?

Obama is Likely to Expand the Health Bubble

During the McCain and Obama debates the question was asked, “Is health care a right or a privilege.” Obama said it was a right.

It is of course very admiral for a wealthy society to do whatever it can to help its members in need - there obviously must be some form of a safety net based on a country’s ability to pay. Accidents, serious acute illness, and many health problems beyond an individual’s control should be the priorities for such care.

Health care expenses are never discussed in a meaningful way because there are too many politically incorrect elephants in the room. No politician, Republican or Democrat, will ever get elected or re-elected actually talking about the real issues as they alienate large blocks of voters who want something for nothing.

The noose around the neck of democracy comes at the point when the non-productive reach such numbers that they realize they can vote themselves a free handout - redistributing wealth from the productive into a bottomless pit. We are now on that doorstep.

For example: our obesity epidemic is causing a diabetes and heart disease epidemic - with unbelievable health costs that are scheduled to skyrocket in the coming years - not to mention lost productivity. Yet, this problem is self-induced in the majority of cases. And it is more often self-induced by the low income sector of society - meaning those that don’t pay taxes in the first place. Who is going to pay for their care? Result: class and race warfare.

Then we have seniors addicted to the Big Pharma medication bubble, many of whom are already on fixed incomes. The medications they think they need do little more than suppress symptoms while making their health worse over time. Who is going to pay for their care? Result: generation warfare.

Then we have the new entry to the health bubble - super expensive biotech drugs that manipulate gene switches that buy time, but, like their predecessors, don’t cure anything. Big Pharma is betting the house on this future. These drugs can extend the life of a cancer patient four-six months - just long enough to bilk the families of their life savings. Who is going to pay for this type of care? Result: certain national economic ruin.

Even if society could reach consensus on such issues, it still comes back to the question of who will pay for it. How can that question be answered when the current health care system is a major bubble of fraud getting ready to blow its gasket? How can we pour money into health care when the current system is perverted - profiting from people being sick and staying sick? While treatments can change numbers on paper, they often fall far short of producing health.

Is Your Health Based on a Sub-Prime Mortgage?

Economists tell us that we must spend, spend, spend to get out of the current mess. In the next breath they tell us that if we had saved more in the first place and hadn’t become a plastic nation of spenders we wouldn’t be having such a hard time right now. And at some magical time in the future we are supposed to stop spending so much and start saving. Moral of the story: if we all would have spent more prudently, saving more as we went along, and bought only what we could afford, then we wouldn’t have helped fuel the current economic bubble.

Apply this idea to your personal health. You should have health reserves - is there anything in them? You should have energy reserves, structural reserves, antioxidant reserves, and an overall state of fitness. Do you? Or have you spent everything into a state of wear and tear, inflammation, fatigue, and declining health? And whose fault would that be?

The more this latter question is answered by pointing the finger away from oneself, the greater our collective problem with health as a society. The more people count on a “free” quick-fix medication that must now be taken forever, the greater our problems.

In my view, rights are earned. Their foundation is hard work, honesty, personal integrity, and doing what you know is right as often as you can. When these concepts are applied to being healthy then individuals eat better, exercise more, enjoy a healthier lifestyle, and manage stress better. They are also much more able to be productive and add value to the financial prosperity of the collective group - while incurring less health care costs.

As a health writer I do what I can to help those who want to follow such a path. I am constantly exposing the fraud within the Big Pharma bubble. I spend many hours trying to explain natural health options to those who want to know. I appreciate all those who are trying to do the same. And we all hope there will be enough of us to weather the coming storm.

Health Freedom in Jeopardy

Natural options for health are in direct competition with the forces that are driving the Big Pharma bubble. It is David vs. Goliath. The natural health forces have little political lobbying clout - it’s mostly a grassroots effort that could be blown away at any time if not for the will and resolve of its members.

While there are individual politicians in both parties (not many) who are allies of natural health - politicians are overall not in tune with the people on this issue and are locked into bubble economics and consequent law making.

Republicans don’t rally behind natural health because they are handsomely paid by Big Pharma to sustain its profits as the priority. Democrats don’t rally behind natural health because the concepts of freedom and choice are at odds with socialized medicine and strict control over public health policy and treatments - key principles of health care for everyone. Democrats, like Republicans, are also influenced by the Big Pharma bubble lobby and its band of affiliate organizations. And Democrats like regulation to accomplish their objectives. Key Democratic members of Congress have routinely expressed a desire to increase cumbersome regulations for natural health.

The Big Pharma bubble will burst, as all bubbles eventually do. It won’t go down without a fight. Be ready to defend your rights. The coming years will be a battle as Big Pharma tries to obliterate any and all competition in a last ditch effort to retain its false power and profits.

It certainly would be nice if Obama didn’t inadvertently help Big Pharma perpetuate its crimes, but the handwriting is on the wall. Even if Obama understood the nature and scope of the Big Pharma bubble, addressing the issue would delay any movement towards national health care in the foreseeable future. That would appear to be too high a political price tag. What we are seeing is an effort to prop up the Big Pharma bubble with enough spending to keep it going long enough to implement drastic health care reform. Unfortunately, the reform is not based on any financially sustainable model of quality care. The question is not will the bubble burst, the question is when.

By Byron J. Richards CNN
All rights reserved. Any reproducing of this article must have the author name and all the links intact.

Byron J. Richards CNN


Biography: Byron J. Richards, Founder/Director of Wellness Resources, Inc., is a Board-Certified Clinical Nutritionist and a world renowned natural health expert. Richards is the first to explain the relevance of leptin and its link to solving obesity.

(Total : 160)
Sort by Title A-Z
Sort by Title Z-A
A Healthy Lymph System is Vital for Flu Fighting Immunity
A Path Back From Addiction & Mental Health Problems
Abnormal Brain Structure in Schizophrenia
ADHD Linked to Early Life Instability & Sleep Problems
Alpha GPC for Focus, Memory, and Cognitive Ability
An Emerging Fiber Breakthrough for Weight Management
Another Thyroid Risk: Did Your Mom Smoke While Pregnant?
Antidepressants Strongly Linked to Heart Disease
Are Vaccinations Causing Early Alzheimer’s?
At What Point Does Pleasure Become Psychopathic?
Avandia is Killing Americans, FDA Negligence Comes Front and Center
BAMLET AND HAMLET – A New Play or a Cure for Cancer?
BDNF Prevents and Reverses Alzheimer’s Disease
Berries for Brain Protection
Big Brother Will Be Watching Your Weight
Big Pharma & Friends Poised for Massive Profits from Health Care Reform
Blood Pressure Therapy Called Into Question
Bone Drugs Cause Serious Atrial Fibrillation
Bone Drugs Proven to Cause Poor Bone Quality in Humans
Bone Health Can Help Prevent Obesity and Type 2 Diabetes
Brave Oxford Researchers Say Tamiflu is Not for Kids
Can High Good Cholesterol Be the Sign of a Problem?
Can Vitamin D Help Prevent H1N1 Swine Flu from Spreading?
Candida Problems Evolving
Citizens Win Huge Supreme Court Victory over Big Pharma and the FDA
Coenzyme Q10, Statins, and Heart Health
Cold Weather Mood Shock: Avoid the Winter Blues
Common Phthalate Exposure Linked to ADHD
Common Traits of the Long Lived
Curcumin: Linking Leptin, Obesity, Joint Problems, and Inflammation
Desperate Big Pharma Push to Double Statin Sales
DHA Protects Circulation from Dietary Abuse
DHA vs. Diabetes Drugs – Did You Balance Your PPAR Gamma Today?
DHA, Krill Oil & Green-Lipped Mussel – Which is Best?
DHEA Helps Older Women Build Spinal Bone Density
Dietary Supplements for Weight Loss
Exercise Tips for Fighting the Swine Flu
Fisetin for Neuro-Protection
Fish Oil in the Battle Against Depression & Cognitive Decline
Fish Oil Supplements Reduce Invasive Breast Cancer Risk by 32%
Flawed SELECT Study Attacks Vitamin E
Folic Acid and Vitamin D Help Allergies and Asthma
Friendly Flora Inhibits Bilirubin-Induced Digestive Damage
Friendly Flora Supplements Essential During Pregnancy & Nursing
Gamma Tocotrienol in the War on Cancer
Glial Cell Function Vital for Learning
Glutamine Helps Stomach Ulcers
Grape Seed Extract Restores Insulin Sensitivity
Guar Gum: The Fiber with a Swagger
Hayflick Comments on Aging
Health Costs Relating to Obesity Skyrocket
Health Scandal of the Decade – Monsanto’s GMO Perversion of Food
High Intake of EPA/DHA Reduces Risks for Cardiovascular Disease
High-Fat Diet May Adversely Alter Your Brain Structure
How Bad Fat Programs Future Generations to Be Obese
How Hostile Bacteria Take Up Unwanted Residence
How Imbalanced Digestive Bacteria Cause Obesity & Heart Disease
How PCBs Damage the Developing Brain
How the FDA, Big Pharma, and Doctors Cause Injury for Profit
hyroid Problems, Alzheimer’s, and Cognitive Decline
Immunometabolism: The New Frontier
Introducing the Wellness Resources Daily Prenatal Multi Vitamin
Is Itching a Risk Factor for Cancer?
Is Obama Bailing Out Big Pharma’s Bursting Bubble?
Is There Hope for Glenn Beck’s Eyes?
Jump Start Your Weight Loss in 2009
Laughable Type II Diabetes Research Shines Light on Medical Ineptitude
Leptin Now Directly Linked to the Pleasure of Food & Human Behavior
Low Iron Can Cause Chronic Pain
Low Vitamin C Impairs Early Brain Development
Low Vitamin D Contributes to Thyroid Problems
Mainstream Sounding Alarms on Alternative Thyroid Treatments
Major Blood Pressure Discovery Offers Immediate Solutions
Mass-Produced Meat and Chicken Contaminated with MRSA Superbug
Massive Brain Drugging of Children Now Underway
Maximizing DHA Intake Supports Weight Loss
McCain’s Anti-Supplement Bill Appears Dead – For Now
Michael Jackson is Not Alone
Monsanto’s Toxic and Mutated World – Is Sugar Safe to Eat?
More Proof that Statins Damage Muscles in Many People Taking Them
MRSA Threatens World Health
Natural Dietary Supplements for Weight Loss
New Insights on Addiction, Mood, Memory, and Cognitive Ability
New Science Questions Theory of Antidepressant Drugs
New Strain of Superbug Rapidly Spreading Around the World
Niacin: Can It Help Your Cardio Health?
Niacinamide Turns Out To Be a Potent Candida-Killing Nutrient
Noni as a Natural Immune Booster
Obama Tries to Sneak Major Health Care Reform into the Stimulus Bill
Obesity and the Path to Heart Disease
Obesity Trend Out of Control
Olive Leaf Extract Offsets Stress of High Calorie Intake
Omega 3 Fatty Acids Prevent Serious Mental Health Problems
Omega 3 Oils Slow Aging by Preserving Telomeres
Oprah’s Crazy Talk – Bioidentical Hormones – Helpful or Harmful? (Part 1)
Oprah’s Thyroid Problem Explained
Oprah’s Weight Is National News – Again
Oprah’s “Crazy Talk" – Bioidentical Hormones – Helpful or Harmful? (Part 2)
Overweight People Need Extra Antioxidants for Exercise
Pantethine – Boost Your Brain, Cardio Health, Metabolism, and Detoxification
Paula Deen's Deception for Profit
Poor Response to Exercise in Young Type 2 Diabetics
Potassium Offsets Salt-Induced Cardiovascular Distress
Pregnancy Cautions: Caffeine, Stress, & Depression.
Pregnant Women at Higher Risk for Severe Swine Flu
Prostate Cancer & the Androgen Receptor – A Clearer Picture of the Problem
Prostate Cancer and Zinc – Can Zinc Be Overdone?
Quality Fish Oil
Quercetin as an Anti-Cancer Nutrient
Quercetin Reduces Pain, Anxiety, and Depression
Quercetin: A Rising Star for Nerves, Immunity, and Metabolism
Scientists Document How Coumadin Increases Disease Risk
Sirtuin1 During Calorie Restriction – Application for Weight Management
Six Months of Smoking is Adequate for Significant Brain Damage
Snacking is Damaging Health; Mrs. Obama is Off Target
Startling Evidence of Brain Decay at Age 39
Statin Use Speeds Onset of Coronary Adverse Event Hospitalizations
Statins Impair Immune System Function
Steep Escalation in Minority Obesity and Breast Cancer
Steve Jobs’ Wasting-Away Health Problem
Surprisingly High Cancer Risk from CT Scans
Swine Flu Tip – Don’t Be Your Own Petri Dish
Talk About Pulling The Plug On Grandma
Tamiflu Causes Delirium and Suicide in Children
Tamoxifen Shockingly Found to Cause Aggressive Breast Cancer
Teen Sleep Problems Lead to Depression & Drug Abuse
The Addictive Nature of Compulsive Eating
The Amazing New World of HDL Cholesterol
The Colorful History of Colloidal Silver & Other Silver Compounds
The Effects of Green Tea on Weight Management
The Facts on Magnesium Stearate
The Failure Empire: Bob Greene Rakes It In, Oprah Fails
The FDA’s Peramivir H1N1 Swine Flu Experiment
The Highly Pathogenic E. Coli Genie is Out of the Bottle – Can You Withstand an Attack?
The Narrow Scope of Flu Vaccine Usefulness
The New Flu Vaccine Hype is Over-Rated
The New Role of Glucosamine in Human Health
The Poorly Developing ADHD Brain
The Swine Flu – Are Pigs to Blame?
The Top 10 Health Breakthroughs of 2008
Theanine – A Nutrient for Relaxation
Thyroid, Adrenals, & Immunity – A Clear Path to Surviving Swine Flu
Thyroid-Disrupting Triclosan Jumps Into the Frying Pan
Tips for Cardiovascular Health
Tocotrienols: Twenty Years of Dazzling Cardiovascular and Cancer Research
Top Thyroid Stories of the Past Year
Using Nutrition to Help Perceive and Combat Swine Flu
Utilizing Quality Calcium for Health
Vitamin D is Needed to Fight and Prevent the Flu
Vitamin D – A Gene-Regulating Super Nutrient
Vitamin E Protects Lungs from Damage
Vitamin K Reduces the Risk for Non-Hodgkin Lymphoma
Vitamin K2: Bones, Cardiovascular Health, Blood Sugar Control & Cancer Prevention
Was Giuliana Rancic’s Breast Cancer Caused by IVF?
What Are Your Baby Fat Cells Doing?
What is Leptin?
What is the Leptin Diet?
What’s in Your Multiple Vitamin? Minerals, Detecting Real Quality.
Which Whey to Go
Will Drinking Milk Help You Live Longer?
Products & Equipment
(Total: 66)
Sort by Title A-Z
Sort by Title Z-A

Contact Form

Please use this form to contact Byron J. Richards
** This form is intended for those with genuine enquiries/questions.

Company (if any)
  To avoid misuse and spamming, please enter the verification code, shown below, to send your message. Thank you
if you can't read the image text to load another one.
Enter Code

Disclaimer and Terms. This article is the opinion of the author. WorldwideHealth.com makes no claims regarding this information. WorldwideHealth.com recommends that all medical conditions should be treated by a physician competent in treating that particular condition. WorldwideHealth.com takes no responsibility for customers choosing to treat themselves. Your use of this information is at your own risk. Your use of this information is governed by WWH terms and conditions.