In Copenhagen last week, when Senator James Inhofe tried to sell reporters on his climate change denialism, the European press corp showed the American media how to take its job seriously: "You are ridiculous," one German reporter said to his face. Sometimes, that’s what reporting the truth requires.

And that’s exactly what the American media should be saying to the White House and the Senate Democratic leadership for the travesty of a health "reform" bill now slouching towards Christmas eve. Only a group of idiots would have concocted this incoherent mishmash and called it "reform."

To be sure, there are many provisions of the Senate bill that are worthwhile, worth passing — I’ll get to that — but these mostly ad hoc features are carrying, fronting for a deeply flawed, underlying structure of a bill that utterly fails to reform what’s wrong with America’s inhumane, corrupt health care system.

America’s private, for-profit health insurance and delivery systems have failed. Their so-called "markets" are not competitive, and that can’t be fixed with puny exchanges that may or may not be created by skeptical — or recalcitrant — states. The insurance and hospital sectors are highly concentrated, dominated by market power that allows providers and insurers to overcharge Americans by 50 to 100 percent more than other nations pay for equal or better care and universal coverage.

So you would think any genuine reform effort would use the power of the federal government to bust up or at least confront the oligopolies and use its leverage to counter the industry’s market power, rationing-by-price and price fixing. But the Senate bill protects the industries, shields them from competition and expressly precludes national public entities from demanding better prices on the public’s behalf.

With government collusion, the private actors created a system of inhumane rationing that denies insurance to nearly 50 million and hawks fraudulent coverage to tens of millions more. The failure of the insurance system leads directly to the most egregious rationing of actual health care of any industrialized nation. Only in America is a private system allowed to bankrupt and deny care to millions, causing tens of thousands to die every year.

The obvious alternative to this massive failure of the private, for-profit system would have been to move strongly in the direction of universal public systems, while imposing strong price, quality and access regulation to the remaining private sectors. Public alternatives and strong regulation are the models for every other advanced nation — there are no exceptions. These are only ways to break the backs of the private oligopolies that are strangling health care in America.

But instead of doing the obvious, the reforms that actually work, the corporate Democrats and their corporate-shielding President have done the opposite. Every travesty in the Senate bill springs from an effort to preserve and shield the private industries that are financially and literally killing us.

Instead of providing strong public alternatives, the bill will bail out the private system, and not merely by giving them hundreds of billions to subsidize their unregulated premiums and fees. No, we will force 30 million Americans who can least afford it to buy their overpriced, poorly regulated products, and pay only lip service to the economic hardship this imposes.

The mandate to bail out the insurance companies (and the hospitals/providers they feed) is worse than bailing out the investment banks. It’s as though we had forced 30 million modest income Americans to purchase toxic assets from the banksters and then imposed taxes on everyone else to complete the bailout.

If you look beyond this flawed foundation and consider only the WH/Harry Reid list of wonderful things the Senate bill does, you’ll notice that virtually all of them require the government to replace or intervene in the private system. The best features provide discrete escapes and selected access to a government/public alternative.

In all of the arguments claiming it would foolish to defeat this bill, we find the bills best features move millions from the private denial/rationing system to Medicaid (maybe 15 million uninsured) or extend SCHIP; they expand and fund thousands of public health clinics ($10-14 billion more, thanks to the House and Bernie Sanders). Cantwell’s proposal allows states to carve out quasi-public negotiated systems for those between 133 and 200 percent of the federal poverty level. The Medicare buy-in would have been another benefit, following the same pattern.

In contrast, the last minute "fixes" to buy off extortionists like Nelson, Landrieu, Lincoln, Baucus and friends typically involved federal bailouts of their private contributors.

Other "good" features try to rein in the abuses of the private insurance sector, but these weak features leave the private insurers too much flexibility to escape the regulations and provide minimal to no effective price oversight for an industry that survives through price fixing and market power. It is scandalous that the White House would cut special deals to preserve industry profits, while leaving the drug industry’s monopoly pricing scams essentially unregulated and prohibiting the government from negotiating better prices for the public’s benefit.

To every Democrat who created and now defends this monster of a bill, "you are an idiot." You blew the best chance we’ve had in decades, you protected the abusive industries instead of their victims, and by enriching the corrupters, you’ve made it harder to fix this mess in the future. You betrayed those who put you in office.

If you don’t fix this, we will watch/help you lose next November and again in 2012. Trust us.

Related:
Me, White House Protects Pharma/AHIP Deals, Breaks Compact with America
Jon Walker/FDL, This is nothing like the Netherlands (responding to Jon Cohn’s defense of mandates)
Marcy Wheeler/Emptywheel, My BarackObamaTax
Jon Walker, Answering Nate Silver’s 20 Questions, and Nate responds
David Sirota/Open Left, Howard Dean, Movement Leader (updated)
Scarecrow, This Isn’t Health Reform: It’s Extortion for a Protection Racket
Scarecrow, Trading Off the Public Option

* Corrected to substitute "ridiculous" for "stupid."

More: HuffPo — Great graph on the recent rise in insurance stocks.