By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: GOP Presidential Candidate’s Life Insurance Scheme Provides Fodder for Opponents
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Health Reform > GOP Presidential Candidate’s Life Insurance Scheme Provides Fodder for Opponents
Health ReformMedical Ethics

GOP Presidential Candidate’s Life Insurance Scheme Provides Fodder for Opponents

MichaelDouglas1
MichaelDouglas1
Share
3 Min Read
SHARE

Will this story “have legs”, as  they say? The media-anointed GOP frontrunner of the moment has a brewing scandal on his hands —  one that involves dealmaking, wagering, and the creation of tax shelters for the purpose of profiting from life insurance premiums.

Will this story “have legs”, as  they say? The media-anointed GOP frontrunner of the moment has a brewing scandal on his hands —  one that involves dealmaking, wagering, and the creation of tax shelters for the purpose of profiting from life insurance premiums. Although the scheme was essentially thwarted, Team Perry (the Texas governor and associated conspirators, at the time, in 2003) decided that betting on the length of life insurance policies on Texas teacher retirees for the purposes generating profits for a Swiss bank was not as risky (and stupid) as it sure as heck sounds today.

All they had to do was convince retirees to let UBS buy life insurance policies on them. When the retirees died, those policies would pay out benefits to Wall Street speculators, and the state, supposedly, would get paid for arranging the bets. The families of the deceased former teachers would get nothing. The meeting notes offer the most direct evidence that the Perry administration was not only intimately involved with the insurance scheme, but a leading driver of the plan.

Investors, of course, would have not been taxed for those profits. The state’s retired teachers fortunately said no, effectively ending the deal. On its surface, corporate tax shelters are a rather common affair instituted by corporate entities — so this essentially falls in line pleasing speculation among investors in the marketplace. Tea Partiers will probably look the other way on this one, but the president has another salvo at his disposal if he decides to take it to the next level. Anyone care to speculate on the cost of healthcare delivery on the taxpayers’ dime once reform kicks in? | LINK

Related posts:

More Read

Journalists Decry WH Decision to Pull Physicians’ Database
Five Factors Improving the State of Mental Health Care
Healthcare Executives – Keep Calm and Be A King for A Day
Medicare Payments to Physicians – Proposed Rule for 2012
Drug Testing for Welfare Benefits? Two Sides to the Issue
  1. Obama Slightly Shifts Tone on Reform Costs; Sebelius Continues PR Assault on Insurance As the midterm election season plows on in full force,…
  2. Minnesota Candidates for Governor (Finally) Discuss Healthcare Delivery Plans The three gubernatorial candidates have engaged in multiple debates and…
  3. With Reform Law in Place, Insurance Industry Looks to Policy Shifts in 2011 Insurers may have developed “relationships” within the current administration to…

 

TAGGED:healthcare reformmedical ethics
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

uv protection in winter
Winter Sun Safety: Why UV Protection Matters Year-Round
Health
October 29, 2025
Nurse Scheduling Software
Evaluating 7 Best Nurse Scheduling Software
Nursing Technology
October 28, 2025
contamination
Batch Failures And The Hidden Costs Of Contamination
Health Infographics
October 21, 2025
Medication Management For Seniors
Simplifying Medication Management For Seniors
Infographics Senior Care
October 21, 2025

You Might also Like

health plans
BusinessFinanceHealth ReformPolicy & LawPublic Health

Do Health Plans Have a Future?

February 3, 2015

Integrated Health System Adoption: How to Start a Movement

May 15, 2013

Hospital Evolution: Collaboration in an Era of Change

August 19, 2012
medical negligence lawyers are important in the uk
Medical EthicsPolicy & Law

Common Reasons People Need Medical Negligence Professionals

August 21, 2022
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?