Health Claim Default Swaps
Wall Street's plan for Universal Health Coverage

Wall Street's health insurers profit
    many diff'rent ways,
Cherry-picking who among us
    rate as Triple A's,

As opposed to sick sub-primes
    they choose not to insure,
Warned by Moodys' actuaries,
    "There may be no cure…"

Still you could be reduced to "junk"
    by failing to reveal
A scratch or bruise that years ago
    took sev'ral days to heal.

But Goldman has the answer:
    They'll sell Health Claim Default Swaps,
Allowing even Aetna to
    insure sick Mom and Pops.

Securitizing unpaid claims
    won't just protect the sick,
But, having seen how Wall Street works,
    reward their body politic.

Another layer of profit taking
    can't be all that bad.
With self-referring doctors
    aren't we used to being had?

Why worry that you've lost your home
    and now may lose your health?
At least you'll see Wall Street Blue Dog
    some underwriter's wealth.

Bob Carlson
www.politicalboondoggles.com
8/2/09

To 'Goldman Sachs'
To 'Private Health Insurers'
To 'The Truth About The Insurance Industry'