Health insurance companies naturally have been added to the
administration's list of villains. But there is a slight
problem, as ABC's Z. Byron Wolf points out. The very
same insurance companies have backed the administration's attempt
to nationalize American health care because doing so would result
in the sale of millions more insurance policies!
President Obama and Democrats launched a campaign to vilify
insurance companies in the final stretch of their health reform
effort.
Republicans, meanwhile, pointed out that those very same
insurance companies would get huge checks from the government
if health reform is enacted.
"(Health Insurers) will keep on doing this for as long as they
can get away with it. This is no secret," the president said.
"They're telling their investors this - ‘We are in the
money. We are going to keep on making big profits even
though a lot of folks are going to be put under hardship,'" the
President told supporters at a stop in Pennsylvania today.
Neither mentioned that the Senate health reform bill, which is
the basis for Democrats' last best chance at comprehensive
reform, would give the insurance companies millions of new
customers required by law to buy health insurance. It would
also require insurers to cover everyone, regardless of age,
gender or pre-existing condition.
To help pay for the new insurance requirements the government
would give to people money to buy insurance - $336 billion over
the next ten years. That money, ultimately, would have to go
to... drum roll... insurance companies.
It may be a bit late, but perhaps the insurers--along
with the drugmakers and doctors, whose trade associations also
backed the Democrats' bills--will finally realize that their
newfound friends are only too ready to turn on them whenever
convenient.
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…villains. But there is a slight problem, as ABC’s Z. Byron Wolf points out. The very same insurance companies have backed the administration’s attempt … Read the rest of this great post here Leave a Reply You must be logged in to post a comment. Archived Entry Post Date : Wednesday, Dec 31st, 1969 at 7:00 pm Category : Auto Insurance Do More : You can leave a response, or trackback
Ellis Wyatt| 3.9.10 @ 9:34AM
If insurance companies cannot collect premiums required, how will
they pay for healthcare provided? Hello rationing.
Jeff| 3.9.10 @ 9:43AM
Obama complains that health care costs are rising.
Premiums - Costs = Gross Pre-tax profits
Pre tax profits - 60 billion Annual Tax Bill = After Tax Profits
After Tax Profits for the top 10 Insurance companies = 8 billion
seems like its Uncle Sam who profits the most from the Insurance
companies ... he better let them raise premiums if costs go up
...
Tim| 3.9.10 @ 9:59AM
Can I assume that if I fall behind on my premiums it will be my
health insurer who will turn me over to mother government for
prosecution?
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…Pre tax profits – 60 billion Annual Tax Bill = After Tax Profits. After Tax Profits for the top 10 Insurance companies = 8 billion … View original post here: The American Spectator : AmSpecBlog : The Prez Hates Insurance … Share and Enjoy: March 9th, 2010 | Tags: care-costs, gross-pre-tax, tax-profits | Category: Insurance, Uncategorized Leave a Reply Cancel Name (required) …
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…naturally have been added to the administration’s list of villains. But there is a slight problem, as ABC’s Z. Byron Wolf points out See the article here: The American Spectator : AmSpecBlog : The Prez Hates Insurance … General | a-slight-problem, attempt-, backed-the, companies-have, companies-naturally, have-been, slight-problem, very-same Leave a Reply Cancel Reply Name (required) Mail…
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Ellis Wyatt| 3.9.10 @ 9:34AM
If insurance companies cannot collect premiums required, how will they pay for healthcare provided? Hello rationing.
Jeff| 3.9.10 @ 9:43AM
Obama complains that health care costs are rising.
Premiums - Costs = Gross Pre-tax profits
Pre tax profits - 60 billion Annual Tax Bill = After Tax Profits
After Tax Profits for the top 10 Insurance companies = 8 billion
seems like its Uncle Sam who profits the most from the Insurance companies ... he better let them raise premiums if costs go up ...
Tim| 3.9.10 @ 9:59AM
Can I assume that if I fall behind on my premiums it will be my health insurer who will turn me over to mother government for prosecution?
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