Commander in Chief B. Hussein Obama continues to exhort his base with weekly emails. Below is an exerpt of his most recent email to the masses:
“As with any legislation, compromise is part of the process. But I’m pleased that recently added provisions have made this landmark bill even stronger. Between the time when the bill passes and the time when the insurance exchanges get up and running, insurance companies that try to jack up their rates do so at their own peril. Those who hike their prices may be barred from selling plans on the exchanges.”
“And while insurance companies will be prevented from denying coverage on the basis of pre-existing conditions once the exchanges are open, in the meantime there will be a high-risk pool where people with pre-existing conditions can purchase affordable coverage.”
“A recent amendment has made these protections even stronger. Insurance companies will now be prohibited from denying coverage to children immediately after this bill passes. There’s also explicit language in this bill that will protect a patient’s choice of doctor. And small businesses will get additional assistance as well.”
“These protections are in addition to the ones we’ve been talking about for some time. No longer will insurance companies be able to drop your coverage if you become sick and no longer will you have to pay unlimited amounts out of your own pocket for treatments that you need.”
Editor’s Note: Hussein knows that with the passing of the Health Care Reform Bill, insurance rates will necessarily rise. And rise sharply. A Wellpoint study confirms this, with group health rates going up as high as 100% to cover new mandates such as pre-existing conditions prohibition, tier rating basis, community rating, etc. He is preparing his base for the next battle – eviserate health insurance companies so that all will exit the market and a national single payer plan will be required. With only four major health insurance companies left in the national marketplace, it is not unreasonable to believe that they will change their business model from health care to property & casualty cover.
If health insurance companies are so bad, making obscene profits at the expense of the sick, why are there only 4 major players left in the market? And, is a 3-5% profit margin obscene? There are several thousand insurance companies in the United States, and 99% of them dont mess with health insurance. There must be a reason why.