Insurance Industry Sold Its Soul to Obama
Insurance was broke in the first place because of government.
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If you’re an insurance company and here you’ve got Barack Obama and he’s promising that every American, by law, is gonna have to have insurance, you are an insurance company, you don’t have to do anything. The president is giving you 35, 43, whatever the number is, million brand-new customers, and you don’t have to do one penny’s worth of advertising. All you gotta do is support the president.
So even if you are a conservative ideological guy, you run an insurance company, on the one hand you’ve got the dilemma, oh, my God, the government’s getting big and intrusive and it’s getting involved in my business. On the other hand, they’re gonna deliver me 35 to 40 million new customers and I don’t have to do jack whatever for it? What do you think that guy’s gonna do? They partnered with Obama and he’s paying them off, before he wipes them out. That is where this is eventually headed.
In a number of years, maybe a decade, a little longer, if nothing changes here, there isn’t gonna be a private sector health insurance market except for the very few who are very wealthy. They will always be able to buy what they want. But you won’t. There won’t even be health insurance, really. The government will act as the payee. The single payer. You will have your Medicare card and whenever you get sick, here’s what’s gonna change. For the first time in your life, you’re not gonna be treated, depending on various factors: your age, your overall health, how you voted, who knows how they’ll do it.
Right now the assumption is, ’cause the Democrats care, is that everybody gets health care. Once the government totally controls it is when the death panels come into forefront existence, and that is where your mother at age 95 will be turned down for a pacemaker because it’s cost prohibitive to spend that kind of money on somebody that’s gonna only live a year or two, statistically. So, here, give her a pain pill and tell her to chill out. Obama’s already said that’s what they’re gonna end up doing. He said that on prime time TV on ABC back in 2010.
When the government has full control over this is when an increasing number of sick people are not going to be treated. That’s where this is all headed. Right now, Obama needs the insurance companies working with these exchanges, so he’s keeping prices up to make it worth their while. Each developing stage of this is gonna make insurance companies less and less necessary. I don’t know whether they know it or not, the insurance companies. I have to assume they’re not idiots and they know it and they’re just trying to make their big score while they can ’cause they know what’s coming their way. But they sold their souls back in 2010 for this. Some did, not all, but some did.