Thursday, October 15, 2009

"Competition"

Obama says "If you like your insurance plan, you can keep it (which presupposes it will still be around). Obama is “fixing things” to kill the insurance industry by “eliminating pre-existing conditions” so people can DROP their health insurance, businesses can DROP the insurance they buy for employees and only buy insurance (if it’s still around) AFTER getting sick or injured. Then he’s going to lay an “excess profits tax” on the insurance companies, concentrating on DOLLARS, not percentages. Yes, they make millions in profits. But they have to SPEND millions to do so. Their profit margins (percentage-wise) are in the single digits. Next, he’ll make a law INCREASING the amount of coverage they must give for less money. Everything Obama is doing is designed to ELIMINATE the insurance industry. (Breitbart)

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