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Insurance Company Bailout

Why The Democrats "Health Reform" Deserves To Be DEFEATED by: FreeSociety Sun Nov 01, 2009 at 10:22:05 PST (noon. - promoted by ek hornbeck) The total vacuum of any principled leadership from President Obama, has inevitably produced the most directionless, anti-consumer, Insurance Monopoly boondoggle fraud imaginable -- which is now masquerading before Congress as "reform". In fact, the Insurance Companies are silently doing cartwheels over this, and stand to jack up rates even more, and fatten their considerable death grip over the American public.  The people who bother to read the fine print, like Congressman Dennis Kucinich, know this. Who's to blame? Well, for starters, Capitulator-in-Chief Barack Obama, Rahm Emanuel, Nancy Pelosi (who lied to us, and promised "a robust public option"), Max Baucus, .... and the list goes on and on. In other words, The Democratic Party and it's entire leadership structure (do we have any?) created this fiasco all by themselves -- the same people who also want to keep funding and expanding the Bush Wars, Bailout Goldman Sachs and give them (crooks) your tax money for CEO profits, and who blindly support the unconstitutional Bush U.S. Patriot Act. Some remarks from Congressman Kucinich: Speaking to liberal MSNBC anchor Ed Schultz on Friday, Kucinich continued: They're being mandated to buy private insurance. If you read the bill, the people are going to end up paying -- the insurance companies can raise rates 25 percent right off the bat, if you read the bill." Schultz encouraged Kucinich to repeat himself on that point. "It's on page 22 of the bill," he replied. "Right here, it says that rates shall be set at a level that does not exceed 125 percent of the prevailing standard rate for comparable coverage in the individual market. Now ... It's very easy to understand what that means." "It's not reform," Schultz insisted. "It means a 25 percent increase, they'll have the ability to execute and since insurance companies have already raised rates for the last four years by double-digits, we can expect -- based on the bill -- another rate increase by the insurance companies." And what about the so-called "public option"? There's More... :: (35 Comments, 838 words in story)