U. S. Government vs Private Insurers
Saturday, October 17, 2009 at 03:59PM http://www.reuters.com/article/topNews/idUSTRE59G0Q120091017?feedType=RSS&feedName=topNews
State forces are gathering to destroy a private industry, insurance companies. Obama is using military terms:
Obama maintained, however, that the insurance industry "is rolling out the big guns and breaking open their massive war chest -- to marshal their forces for one last fight to save the status quo."
The American people have been conditioned to think of insurance companies as evil, as making high profits at the expense of poor, sick people.
As you can see by this list of industries, healthcare insurance profit margins are way below other industries. The hyperbole used by Obama and the progressives is meant to demonize the insurance companies. This is dishonest and dangerous -- which industry is next? The moderates and progressives are busy denigrating all fierce opposition to the progressive agenda, while the State has declared war against a private industry and using misinformation to win the battle. Government regulations have created a situation where insurance companies are enticed or forced to work against free market principles. In a free market, insurance innovation would go a long way toward providing healthcare, social security and unemployment solutions, yet, the State is intent on destroying the insurers.
There is no longer any doubt that the State plans to place heavy burdens on insurers in order to eventually institute a single payer system run completely by government. You can choose to frame the opposition as the problem, but to do so requires a blindness which is dangerous to the future of this country.
Independents are getting the message and they are turning against Obama. If the Democrats move forward with healthcare reform regardless of opposition -- as Obama said, he's not tired -- I can only hope they get what they deserve in the next election.
Obama might be gambling that he can fight left right now and get the major reforms he wants, then move to the middle before elections, but people are wise to these manipulations and I don't think it will work. What we're likely to see is that hardcore progressive support is about 25% -- the rest of the nation will be looking for something different.
Reader Comments (3)
This is great information. Who is the source for the industry profit margin list?
jill
Whoops, I forgot to source it -- I will have to track it down -- I think it was from a post at Red State.
http://biz.yahoo.com/p/sum_qpmd.html
look to the right under profit margin, then go down to the 3s