RIPIRG Citizen Agenda: An Update For Members Of RIPIRG
RIPIRG.ORG HOW YOU CAN HELP MEMBERSHIP

Making Health Care Work

Health Care Reform: A $3 Trillion Question
http://cdn.publicinterestnetwork.org/assets/LvaKbfms8Of4rI2R0rhkcQ/page1.jpg
OPERATION NATIONAL PRESS TOUR—RIPIRG’s federal health care advocate, Larry McNeely, spoke to the media in front of our nation’s Capitol as part of our nationwide press tour with Health Care Harry.

With health care at the top of the Obama administration’s agenda and a real opportunity for change by the end of this year, RIPIRG has added our voice to the call for reform, focusing on the need to rein in the high cost of care.

Plagued By High Costs

This summer, we researched and released a series of reports on the exploding cost of health care.

ìThe Small Business Dilemmaî surveyed small business owners on health care. Seventy-eight percent of the owners we surveyed who do not offer coverage to their employees wish they could. Of that group, 80 percent cited health insurance’s high cost as the reason they didn’t offer coverage.

In another report, ìThe Three Trillion Dollar Question,î we demonstrated that by implementing reforms, including streamlining the billing process and offering a public option to compete with private insurance companies, it would be possible to cut the cost of health care in America by $3 trillion over a decade. These savings would be realized by individuals, businesses and government programs.

Harry Shows What Hurts

On August 4, we unveiled Health Care Harry, our human-sized version of the kids’ game Operation, at a press conference on Capitol Hill to get our message across to the representatives who may prove to be decisive votes on reform. Harry represents what’s wrong with health care: high premiums have emptied his wallet, he’s choking on red tape, and he’s getting the door slammed on him for his pre-existing heart condition.

Financial Reform

Who’s Watching The Financial Industry?

Elizabeth Warren, the Harvard law professor who was appointed to head the Congressional Oversight Panel on the banking bailout last year, explains it this way: "We don’t eat tainted meat and we don’t drink adulterated milk because we have fairly good regulation. Financial products are no different. Free markets are not well supported when consumers are at risk for injury."

With Professor Warren and more than 200 other organizations, RIPIRG is calling for the creation of a Consumer Financial Protection Agency.

It’s painfully clear now that Wall Street placed excessively risky bets that they could not cover, and that they paid executive bonuses on profits that did not exist. Worse, taxpayers, small investors, homeowners and our economy paid the price, because at the core of the crisis was a failure to adequately regulate financial products.

In both June and July, Ed Mierzwinski, the director of our consumer program, testified before Congress in favor of the new agency, which would have the power to regulate all credit card and consumer loan products, no matter where purchased, and to check predatory financial products, such as payday loans and risky mortgages.

RIPIRG
Citizen Agenda
Fall 2009
Vol. 8, No.1



GREEN CENTURY FUNDS

An investment for your future. To learn about Green Century's family of environmentally responsible mutual funds:

Call: 800-93-GREEN, or visit www.greencentury.com.