Yet another sad story about the lack of compassion and empathy for our fellow Americans. We need a single payor, buy-in medicare, anything better than allowing "fully covered" illnesses bankrupt those we know and love.
www.congress.org to write or call our congress about the need for coverage. The insurance companies are making record profits while increasing co-pays of the ill person, this has got to stop now!
Lest anyone whine about people asking for help, there's no help unless you are POOR! Some people think medicaid kicks in for ill people - it doesn't unless you have $2000 or less including savings, 401k, DC's, no assets other than a home (in foreclosure for many), personal property and 1 car (the 2nd is counted and if over $2000 too bad for you) - everything else you might "have" is counted and you aren't eligible for any financial help!
Americans facing bankruptcy and foreclosure due to illness is nothing new and so few are willing to help for fear it may take away from "me and mine". This problem needs to be solved by our congress instituting a single payor, Medicare buy-in or something similar to prevent families of ill individuals from losing everything including their beloved family member.
The Senate showed strong support for the Dodd-Frank Wall Street Reform and Consumer Protection Act by passing it with a 60-39 vote. It will be sent to the White House where President Obama is expected to sign it into law next week.
This historic bill represents a principled effort to bring financial fairness to all Americans and to ensure that lending transactions be both honest and transparent. Any policy that protects those consumers who do not have the means to protect themselves is a step in the right direction.
Many urban communities in America today are in a state of emergency, requiring the highest and most urgent attention of the private and public sectors. Passing the Dodd-Frank Wall Street Reform and Consumer Protection Act opens the way for a system that oversees the practices of participants in the financial markets, rewarding those who conduct business in the spirit of honest free trade and holding accountable those who continue predatory and abusive practices.
Certain provisions of the bill go a long way toward addressing the needs of the roots of our economic tree. In particular, this bill effectively addresses the root causes of the predatory lending induced mortgage meltdown that ultimately triggered the global economic crisis.
We are relieved and grateful that the final conference report addresses the crucial issue of foreclosure prevention. While 2.5 million families have already lost their homes to foreclosure, well over 5 million more are in imminent danger of doing so, and potentially as many as 13 million could lose their homes before the end of this crisis if they do not get some kind of assistance.
Overall, homeowners in America will be much safer as a result of the new mortgage standards. More effective foreclosure prevention will not only help homeowners, but also will help stabilize the economy and contribute to a strong recovery.
Again, we very much appreciate the act of congressional leadership shown by passing this historic legislation.
cheques
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