Does Pelosi Understand How Insurance Companies Make Money?
As part of the new spirit of comity which has defined American politics since the election of Barack Obama last November ushered in a “new kind of poiltics,” House Speaker Nancy Pelosi (of Obama’s political party) once again lashed out at health insurance companies:
House Speaker Nancy Pelosi, D-Calif., mounted a strong defense of a public plan at a news conference, contending that recent attacks from the health insurance industry should dispel any doubts about the need for it.
“Our House bill will have a public option,” Pelosi declared.
She referred to an industry-funded study that said insurance premiums would rise under the Senate Finance bill, and also referenced an insurance industry ad campaign targeted at seniors.
The speaker has been on the attack against health insurers for months, but the latest developments clearly strengthened her resolve to make them pay. She also said the House was considering adding to its health care bill a $6.7 billion annual fee on insurance companies that is part of the Senate Finance package.
Well, Nancy, if you’re going to “make them [the insurance companies] pay,” they’re going to have to get the money to foot your bill somewhere. And how do such companies make money? Got a clue, Madame Speaker? Let me help you out here. They get it from the premiums they charge. So, if you make ‘em pay, they’re going to make us pay. And that means, insurance premiums will rise,
Sounds like one of those self-fulfilling prophecies of which we’ve heard tell.
Oh, and notice something else in the article quoted above (and the reason we include this article in our “Media Bias” category). Yep, that’s right, the AP described the study as “industry-funded.” When, however, you see a study which reaches a conclusion favored by the Democrats and authored by a left-wing think tank, they tend not to identify it as such. Only studies they want to discredit are so labeled.
They’ll just dismiss the study as “industry-funded” without considering its actual merits. But, then again, it doesn’t seem to be in the AP’s interest to consider the merits of an argument at odds with the policies its editors seek to advance.
Given that Mrs. Pelosi’s latest statement indicates she doesn’t understand the fundamentals of a market economy, it might be a tad unfair to title this post, Pelosi Favors Increase in Insurance Premiums (as I had originally intended). While that, to be sure, would be the effect of her “resolve to make them pay,” she’s so clueless as to the way private industry works, she’s clearly blind to the effects of her schemes.
So, I decided to focus on her cluelessness instead. I do hope you understand.
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There lies the problem. The fact that they make any money at all is what liberals can’t stand. NOBODY should be making money but them. Note the political contributions from the insurance companies to Granny Botox.
Comment by ThatGayConservative — October 16, 2009 @ 1:13 am - October 16, 2009
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Pingback by Leading by Example: Eight Lessons for Leaders Striving to Pull Their Companies Out of the Red | My Top Piano Lessons — October 16, 2009 @ 6:13 am - October 16, 2009
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Pingback by Friday, October 16, 2009 — ExposeTheMedia.com — October 16, 2009 @ 9:10 am - October 16, 2009
How about another post about “What, if anything, does Pelosi Understand.”
Comment by heliotrope — October 16, 2009 @ 10:30 am - October 16, 2009
So, I assume that the $6.7 billion annual fee will be IN ADDITION to the “windfall” profits tax that Pelosi is plotting to impose on insurance companies as part of Obamacare? But don’t worry, Obama, Pelosi, Reid, et al. have repeatedly assured America that this is about stimulating competition in the health insurance market. They LOVE free market competition–that is, unless it happens to produce the undesirable results of lower costs, affordability, prosperity, profits, success, customer satisfaction, and reduced dependence on government.
When these people talk about “competition” and stimulating the economy, I’m surprised we haven’t gotten to the point where people just throw tomatoes and rotten heads of cabbage.
Comment by Sean A — October 16, 2009 @ 11:02 am - October 16, 2009
P.S. Forgot the link about the proposed (imminent) “windfall” profits tax Pelosi is planning for the insurance companies that she wants to put out of business.
http://thehill.com/homenews/house/62211-house-dems-considering-windfall-profits-tax-on-insurance-industry
Comment by Sean A — October 16, 2009 @ 11:03 am - October 16, 2009
Hell, does anyone understand how Pelosi makes money? Or Rangel (oops, I’m not suppose to ask)?
As far as Pelosi knows, the insurance companies (like all of us in the private sector) just go shake the money tree or, if it’s barren, we just head out and bop some poor minority-person on the head and take their money.
Comment by SoCalRobert — October 16, 2009 @ 8:36 pm - October 16, 2009
You have it right, Robert; if it’s not bribes, kickbacks for political favors, or illegal campaign contributions, it’s beyond Blinky the Clown’s limited mental capacity to understand.
Comment by North Dallas Thirty — October 16, 2009 @ 11:20 pm - October 16, 2009
I think this woman is just blind, period. I think she just sees China and she can’t wait to turn us into a better more efficient China. She is blind to the fact that we are not the Chinese, we will not conform.
Comment by jeaneeinabottle — October 17, 2009 @ 12:49 pm - October 17, 2009
Yes jeaneeinabottle, she is blind. Blind with hatred of CEOs that she’ll do anything to destroy them regardless of the effects of her actions on everyone else and she’ll never have to pay for it, under the current system, because of immunity. Given that, why should she stop to think?
Comment by Steven E. Kalbach — October 18, 2009 @ 11:49 am - October 18, 2009
…can we throw tomatoes and rotten heads of cabbage at Pelosi?? How about turnips??? Please???!!!!
Comment by BlackAdderess — November 7, 2009 @ 8:34 pm - November 7, 2009