After Attacking Insurers, Obama May Give Them Subsidies
Obama thinks he can fix anything by throwing money at it.
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President Obama has decided to attack the insurers again. But maybe he’s decided to subsidize them even more. Or both.
In waiving the part of Obamacare that outlaws many insurance plans, Obama tried to shift blame for any cancellations to the insurers. But on Friday, he met with representatives from these same companies, sparking speculation that he had plans to offer them subsidies to help smooth Obamacare’s rocky rollout.
This seeming schizophrenia is standard fare in the love-hate relationship between Obama and the insurers.
Obama raised $1.34 million from the “Health Services/HMOs” industry in 2008, according to the Center for Responsive Politics. That is the most any candidate has ever raised from this industry in history, and more than twice what John McCain raised that year.