Killing the private Sector?
With all of the talk about the process that was used to pass the healthcare “health insurance reform” bill most of the pundits have not thought through the full effects of the bill. This is understandable but we need to remember that the left has thought it all through and are fully aware of all of the ramifications.
Despite the claim about arbitrary insurance rate hikes of thirty to fifty percent recent average annual increases have only been in double figures once since 1997 and were at 3.1 percent in 2008, the last year shown in the government figures. The average profit margin of the insurance companies is running just over ten percent or a little less than book publishers or exactly the same as shipping companies. Maybe we need to get a bill passed to stop them gouging the public too.
President Obama said many things about the insurance companies:
There have been reports just over the last couple of days of insurance companies making record profits, right now," Obama said during a prime-time news conference. At a time when everybody’s getting hammered, they’re making record profits, and premiums are going up. What’s the constraint on that? … Well, part of the way is to make sure that there’s some competition out there.
Now, despite all the progress and improvements we’ve made, Republicans in Congress insist that the only acceptable course on health care is to start over. But you know what? The insurance companies aren’t starting over
I just met with some of them on Thursday, and they couldn’t give me a straight answer as to why they keep arbitrarily and massively raising premiums – by as much as 60 percent in states like Illinois. If we do not act, they will continue to do this
With the bill passed, insurers can no longer refuse to insure people with pre-existing conditions and there can be no lifetime caps on care. The insurance companies cannot raise their rates as the government now controls this. What will happen? They will be driven to bankruptcy. Then the only entity able to step in will be the federal government which they will be only too happy to do (with a few snide shots at the failure of private enterprise and capitalism along the way) and the progressives will have what they wanted all along – a single payer system putting them in complete control.
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