I work in health insurance.
My companies premiums averaged an increase of about 6%/year over the last decade; in the fall of 2010 they went up 21%.
Two months after the first set of Obamacare laws were implemented, we took a 38% pay cut. This was due to Obamacare increasing the loss ratios on insurers, which forces them to spend more and make less. I have colleagues that have had to leave the industry altogether and start over in a new career, as they are no longer able to support their families.
Obamacare is about one thing: the control and eventual destruction of the health insurance industry.
Obama can FOAD. He deserves an ass kicking for what he has done to my family and tens of thousands of families like mine.
I agree with you. The problems in healthcare are not driven by greedy health insurance companies. If they were making windfall profits why are their stocks some of the worst investments going?
TORT reform and medicine patent reform are two keys to beginning the process in health care reform. Obamacare did neither. Obamacare was intented to be the beginning of socialized medicine.
It is pitiful that we don’t hear these stories in the media! “Journalism” has become a running joke!