Sunday, June 10, 2012

The Commonwealth Fund

One of the big supporters of Obamacare (aka ACA) is the Commonwealth Fund.  If not directly, then through sponsored research and the preaching and writing and advising of Dr. David Blumenthal, the  Chairman of  The Commonwealth Fund Commission on a High Performance Health System, and other employees.  David Blumenthal, M.D., M.P.P.,  is the Samuel O. Their Professor of Medicine and Professor of Health Care Policy at Massachusetts General Hospital/Partners HealthCare System and Harvard Medical School. In opinion and editorial pieces in medical journals supporting ACA, you’ll see his name, or the Commonwealth Fund research cited.

The Commonwealth Fund is behind those studies that end up in sound bites on the news that says we’re at the bottom in the industrialized world for health care (despite the money we spend) and that people are going bankrupt trying to pay medical bills.

Like most foundations, Commonwealth Fund is the outcome of a hard working, savvy capitalist—or in this case, his second wife.  According to Wikipedia, Anna M. Richardson (25 October 1837-27 March 1926)  married Stephen Vanderburgh Harkness, a harnessmaker who had lived in Bellevue and Monroeville, Ohio, of Cleveland, in 1851, who invested with  John D. Rockefeller and became the second-largest shareholder in Standard Oil.

Stephen Harkness died in 1888. In 1917 Anna M. Harkness gave $3 million to Yale University for the construction of Memorial Quadrangle in memory of her son Charles, who had died in 1916.  Anna Harkness donated another $3 million to Yale in 1920 to increase faculty salaries.

In 1918 Anna Harkness established the Commonwealth Fund with an initial gift of $10 million, and made her son Edward Harkness  its president.  His home, The Harkness House, is now the home of the Commonwealth Fund.  From this fund the Harkness Fellowships were established, and St. Salvator's Hall at the University of St Andrews, the Butler Library at Columbia University and many of the undergraduate dorms at Harvard University and Yale University were built.  Other charities and funds were established through Edward Harkness who died in 1940.

In any case, it was Standard Oil money through the widow and her descendants to fund all these “good works,” some antithetical to capitalism.

http://www.commonwealthfund.org/Blog/2012/Jan/Affordable-Care-Act-Safety-Net.aspx

http://www.commonwealthfund.org/Newsletters/Washington-Health-Policy-in-Review/2012/Jun/June-4-2012.aspx

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