Obama Proposal Would Screw Insurance Companies
Posted on February 22, 2010
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Well, “our” genius President has another STUPID proposal: give the government the power to regulate rate increases on health insurance policies. His proposal would give the federal Health and Human Services Department — in conjunction with state authorities — the power to deny substantial premium increases, limit them, or demand rebates for consumers.
Guess what, GENIUS??? If you don’t allow companies to charge enough money to make a profit, THEY WILL GO OUT OF BUSINESS. You have to wonder if Obama knows one damn thing about how businesses operate. Unlike the Federal government, private businesses can’t just raise taxes or print more money to cover losses. Does Obama understand this? Unfortunately I think he does. He wants to make points with angry voters AND force private health care insurers out of business. For him, it’s a win-win. For the rest of us, well, we’re just screwed if this passes.
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