Obama threats devalue health care industry insurance stocks
Well, when you threaten an industry with an additional $13 billion (at least) in taxes per year, implement a new health insurance government run “option” to “compete” that will undercut the price of current premiums, and then tax the living daylights out of many current private plans, what the hell do you expect?Obama’s threats are now completely mainstream and the media – and the people – don’t seem to want to complain.
They want single payer, they want all private insurance for health care to be illegal. If you don’t think that’s their end game, you’re blind.
From Reuters, via Gateway Pundit tonight…
U.S. President Barack Obama said on Thursday that the drop in the health insurance stocks this week was a sign the industry has become nervous that a healthcare reform bill may pass.
“This is when the insurance companies are really going to start gearing up,” Obama told a town-hall event in New Orleans. “Their stock went down when the Senate Finance Committee voted out that bill. Now they’re getting nervous and, by they way, they have been wildly profitable over the last decade.”
Health insurance company stock prices are in decline because investors do not want to play a game of chicken with the liberals who control the White House and Congress. They are moving their investments out of health insurance companies and into sectors not yet targeted by The One. It’s as simple as that.
Why don’t we take a look at the profit of the accident and health insurance companies during the last year? I’ve added the employee count for each of the companies, just so Obama knows how many jobs he’s targeting. If you work in the health insurance industry, look out… Click on the image to enlarge.
Profits are bad. If you make a profit and provide a service to the public you will be targeted for destruction.
3 Comments
The website's content and articles were migrated to a new framework in October 2023. You may see [shortcodes in brackets] that do not make any sense. Please ignore that stuff. We may fix it at some point, but we do not have the time now.
You'll also note comments migrated over may have misplaced question marks and missing spaces. All comments were migrated, but trackbacks may not show.
The site is not broken.
For Obama to make statements like this is a direct abuse of the power he wields (for the moment). It is akin to having a car race, but you flatten the tires of your opponent before the race and empty his gas tank. He knows absolutely nothing about true competition, running a business, or even what an insurance company actually does.
He is doing to insurance companies what he did to his opponents in Chicago: undercut and eventually disqualify them before he even has to actually "compete" with them. The tyro is still in campaign mode! Would someone tell him that he won, and his job is now to represent everyone, not just himself and his cronies, including the Democrat Party.
We don't just get glimpses of his naivete and corrupt influences: we get the full "drop trou(ser)" view of it on a daily basis.
David Axelrod said it about Fox News…their programs are geared to making money. Obamunists think the media news should be an unprofitable loss leader that sacrifices their services for the good of the brave new world. The wonder of profit in any industry is its registration of strength and prosperity. Profit cashes an increase of every product where ever profit is found. A free society gets more of what is profitable. The fact health insurance is profitable, proves there is no pending crisis for government to step in. Large profits in health insurance prove there is opportunity for more business and jobs to grow in the coverage of medical bills. The role of government is to guarantee equal opportunity of a free competitive market. Government getting into the insurance business destroys the free market.
Let's not forget about a bigger issue, at least from Connecticut perspective, and that is that few of those companies listed above are located here. Job losses, and there will be job losses, at those companies may and will affect the whole economy in our state. Those already unemployed will have to compete with the "fresh" ranks for a very few jobs left. Many of our local "liberals" are employed at those companies so they will have to face their own music, but never the less all of us have to fight it. Also, we should deduct those jobs from Obama's rosy "jobs saved" account.