Critical Condition

Obama’s Philly ‘Burbs Pep Talk

President Obama will head to the Philadelphia suburbs today to give an Obamacare pep talk at Arcadia University. Below are some of his prepared remarks:

Every year, insurance companies deny more people coverage because they have a pre-existing condition. Every year, they drop more people’s coverage when they’re sick and need it most. Every year, they raise premiums higher and higher. Just last month, Anthem Blue Cross in California tried to jack up rates by nearly 40%. In my home state of Illinois rates are going up by as much as 60%. And you just heard from Leslie, who was hit with a 100% rate increase. 100%. One letter from her insurance company and her premiums doubled. Just like that.

You see, these insurance companies have made a calculation. The other day, on a conference call organized by Goldman Sachs, an insurance broker told Wall Street investors that insurance companies know they will lose customers if they keep raising premiums. But since there’s so little competition in the insurance industry, they’re ok with people being priced out of health insurance because they’ll still make more by raising premiums on the customers they have. And they will keep doing this for as long as they can get away with it.

So how much higher do premiums have to rise until we do something about it? How many more Americans have to lose their health insurance? How many more businesses have to drop coverage? How many more years can the federal budget handle the crushing costs of Medicare and Medicaid? When is the right time for health insurance reform?

Most Popular

Elections

About That ‘Broken Algorithm’

Of all the loopy assertions made at the press conference President Trump’s legal team conducted last Thursday, the one that has been most roundly derided is the since-ousted Sidney Powell’s claim that the national popular vote was such a landslide for President Trump “that it broke the algorithm that had ... Read More
Elections

About That ‘Broken Algorithm’

Of all the loopy assertions made at the press conference President Trump’s legal team conducted last Thursday, the one that has been most roundly derided is the since-ousted Sidney Powell’s claim that the national popular vote was such a landslide for President Trump “that it broke the algorithm that had ... Read More
Elections

Election 2020’s Endgame

Today on the menu: States are certifying their votes, and Trump's legal team is in turmoil. The 2020 Election Starts to Wind Down Michigan and Pennsylvania are set to certify their election results today, and Nevada is scheduled to do the same tomorrow. Saturday night, U.S. district judge Matthew W. ... Read More
Elections

Election 2020’s Endgame

Today on the menu: States are certifying their votes, and Trump's legal team is in turmoil. The 2020 Election Starts to Wind Down Michigan and Pennsylvania are set to certify their election results today, and Nevada is scheduled to do the same tomorrow. Saturday night, U.S. district judge Matthew W. ... Read More