Sunday, October 18, 2009

Obama Slams Health Insurance Industry As "Dishonest" and "Deceptive" (Video)

In his weekly address to the nation, President Obama blasted the health insurance industry as "dishonest," "deceptive" and "bogus." And then he went further and threatened to revoke the industry’s antitrust exemption. If even the President is now acknowledging that insurance companies are bad for the health of the nation, what exactly is the reason we can't have single payer?

“They’re filling the airwaves with deceptive and dishonest ads. They’re flooding Capitol Hill with lobbyists and campaign contributions. And they’re funding studies designed to mislead the American people,” Mr. Obama said adding firepower to Congressional Democrats’ already hostile responses. “It’s smoke and mirrors. It’s bogus. And it’s all too familiar. Every time we get close to passing reform, the insurance companies produce these phony studies as a prescription and say, “Take one of these, and call us in a decade.”