Obama Threatens Insurers’ Anti-Trust Exemption

[Mons Venus]

Obama Threatens Insurers’ Anti-Trust Exemption


Published: October 17, 2009
WASHINGTON — President Obama mounted a frontal assault on the insurance industry on Saturday, accusing it of using “deceptive and dishonest ads” to derail his health care legislation and threatening to strip the industry of its longstanding exemption from federal antitrust laws.

In unusually harsh terms, Mr. Obama cast insurance companies as obstacles to change interested only in preserving their own “profits and bonuses” and willing to “bend the truth or break it” to stop his drive to remake the nation’s health care system. The president used his weekly radio and Internet address to challenge industry assertions that legislation will drive up premiums.

“It’s smoke and mirrors,” Mr. Obama said. “It’s bogus. And it’s all too familiar. Every time we get close to passing reform, the insurance companies produce these phony studies as a prescription and say, ‘Take one of these, and call us in a decade.’ Well, not this time.”

Rather than trying to curb costs and help patients, he said, the industry is busy “figuring out how to avoid covering people.”

“And they’re earning these profits and bonuses while enjoying a privileged exemption from our antitrust laws,” he said, “a matter that Congress is rightfully reviewing.”


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Time to kick arse Obama !! 

[Soul Crusher]

Obama Threatens Insurers’ Anti-Trust Exemption


Published: October 17, 2009
WASHINGTON — President Obama mounted a frontal assault on the insurance industry on Saturday, accusing it of using “deceptive and dishonest ads” to derail his health care legislation and threatening to strip the industry of its longstanding exemption from federal antitrust laws.

In unusually harsh terms, Mr. Obama cast insurance companies as obstacles to change interested only in preserving their own “profits and bonuses” and willing to “bend the truth or break it” to stop his drive to remake the nation’s health care system. The president used his weekly radio and Internet address to challenge industry assertions that legislation will drive up premiums.

“It’s smoke and mirrors,” Mr. Obama said. “It’s bogus. And it’s all too familiar. Every time we get close to passing reform, the insurance companies produce these phony studies as a prescription and say, ‘Take one of these, and call us in a decade.’ Well, not this time.”

Rather than trying to curb costs and help patients, he said, the industry is busy “figuring out how to avoid covering people.”

“And they’re earning these profits and bonuses while enjoying a privileged exemption from our antitrust laws,” he said, “a matter that Congress is rightfully reviewing.”


________________________ ________________________ ______________________


Time to kick arse Obama !! 

I agree with ending the exemption.  there needs to be more competition and more companys competing for business across the board and across state lines. 

[shootfighter1]

I also agree with Obama on this one, although you can just as easily accuse Washington for playing similar games in this whole debate.

The more insurance competition, the better.  I back the president on this one.  I am for a private healthcare system with the government as the people's watchdog.

[ToxicAvenger]

Obama Threatens Insurers’ Anti-Trust Exemption

GOOD do it....also allow one to purchase insurance across state lines...

PRICES WILL DROP....

lets see if he does though

[Hedgehog]

It's all talk.

Nice talk - but just talk IMO.

Lets wait and see.

Obama will end up with some half assed baby lotion version that won't do much about the ridiculous cross-owning within the insurance business.

[240 is Back]

I agree with (Obama's decision)

Write down the day.  Hell hath frozen over.

[Soul Crusher]

Write down the day.  Hell hath frozen over.

No.  When he promotes things that will lower prices, add competition, lessen govt control, and promote more freedom of choice, I will support it. 

[lax]

NOTHING will change

nothing.

[headhuntersix]

Obama Threatens Insurers’ Anti-Trust Exemption


Published: October 17, 2009
WASHINGTON — President Obama mounted a frontal assault on the insurance industry on Saturday, accusing it of using “deceptive and dishonest ads” to derail his health care legislation and threatening to strip the industry of its longstanding exemption from federal antitrust laws.

In unusually harsh terms, Mr. Obama cast insurance companies as obstacles to change interested only in preserving their own “profits and bonuses” and willing to “bend the truth or break it” to stop his drive to remake the nation’s health care system. The president used his weekly radio and Internet address to challenge industry assertions that legislation will drive up premiums.



Hey fake soldier why do u care ur 14.

“It’s smoke and mirrors,” Mr. Obama said. “It’s bogus. And it’s all too familiar. Every time we get close to passing reform, the insurance companies produce these phony studies as a prescription and say, ‘Take one of these, and call us in a decade.’ Well, not this time.”

Rather than trying to curb costs and help patients, he said, the industry is busy “figuring out how to avoid covering people.”

“And they’re earning these profits and bonuses while enjoying a privileged exemption from our antitrust laws,” he said, “a matter that Congress is rightfully reviewing.”


________________________ ________________________ ______________________


Time to kick arse Obama !!