Saturday, October 17, 2009

A good sign? 

New York Tynes:

Obama Threatens Insurers’ Anti-Trust Exemption

WASHINGTON — President Obama mounted a frontal assault on the insurance industry on Saturday, accusing it of airing “deceptive and dishonest ads” to derail his health care legislation and threatening to strip the industry of its longstanding exemption from federal anti-trust 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 push back against industry assertions that legislation will drive up premiums....

Tuesday, October 13, 2009

When it rains it Snowes 

One of many bottom lines...

"The legislation also seeks to impose strict new regulations on the insurance industry, including banning insurers from denying coverage based on pre-existing conditions, and it would require nearly all Americans to obtain coverage.

According to an analysis by the nonpartisan Congressional Budget Office, the Finance Committee bill over 10 years would reduce the number of uninsured Americans by 29 million.

It would still leave 25 million people uninsured, about one-third of them illegal immigrants."


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