Voice of the Mid-Columbia | Kennewick, Pasco and Richland, Wash. |
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closePresident Obama would have you believe that health care insurers who oppose Obamacare are fighting to preserve their immoral profits. Folks, get your fact checker out. Last year, Morningstar reported that the profit margin for health insurance companies averaged 3.4 percent, hardly an outrageous profit. However, pharmaceuticals, strong supporters of Obamacare who are never attacked by our president, earned a hefty 16.4 percent. Ever wonder why they support his plan?
Recently, Obama and his supporters managed to smear the insurance industry and virtually snuff out its report about Obamacare flaws. A major flaw identified by the report was that Obamacare would not be universal care because there would be virtually no motive for healthy, uninsured people to buy insurance. With penalties of 10 percent of the premiums and a guarantee that they could get insured if they got sick (no limit on pre-existing conditions), why in the world would healthy people sign up? And without these millions of healthy people paying premiums, guess what happens to the premiums for the insured?
Hold on to your wallets!
RICK ENGELMANN, Richland
@Nyx.CommentBody@