Yes, Mr. President, You Showed the Insurance Industry Who’s Boss!
Posted on March 26th, 2010 at 12:44 pm by Steve

President Obama is now out on tour daring the Republicans to try to repeal the new health care reform law. Here’s what he said yesterday:

“If they want to have that fight, we can have it. Because I don’t believe the American people are going to put the insurance industry back in the driver’s seat.”

Yeah, not after we worked so hard to shove the insurance industry aside, right? I mean, before the law passed, if you wanted to buy insurance, you paid whatever the Insurance industry demanded.

Whereas now, you will be obligated by law to give your money to a private insurance company, at whatever price they name, or else pay a tax penalty.

Yessirree Bob, we certainly wouldn’t want to let the insurance industry back in the driver’s seat! We showed them who’s boss!

…Now, to be fair: eliminating lifetime payout caps, limiting annual payout caps, and requiring the companies to accept customers regardless of pre-existing conditions are all good reforms. But there are currently no provisions for limiting the costs of insurance premiums! And, if you earn more than 400% of the Federal poverty limit, you receive NO FINANCIAL ASSISTANCE from the government (this year, the magic 400% number is about $43,000).

So, the government is mandating that you buy insurance, but they’re not setting limits on what the companies can charge for it.

I seem to remember one of the Presidential candidates opposing this idea… saying something about how it wouldn’t work, and it wasn’t fair… Now let me see, who was it again…?

Never mind, I can’t remember that far back!