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Thursday, August 12, 2010

Obamacare Chickens Coming Home To Roost

The themes from this recent O'Reilly Factor Talking Points Memo are not likely to go away. Health insurance rates are on the rise. The health insurance companies are blaming Obamacare for the rise in costs. This part in particular will prove politically deadly for President Obama.

As we stated Wednesday night, American health insurance companies are building in the anticipated costs of Obamacare. For the next four years until the Obamacare program completely kicks in in 2014, all Americans are going to be hammered as the insurance companies try to make as much money as they can before the federal rules are imposed.

I don't know about you, but I never heard this part of Obamacare. I was never told that my insurance rates were going to run wild.

Were you told that? Did President Obama mention that? I don't believe he did.

If you believe Dick Morris, the President wants rates to go up so that he can institute single payer in 2014. Of course, he won't be around in 2014 because his policies are all a colossal failure and we are seeing the beginning of that abject failure in real terms with Obamacare right now.

The fact is that Obama claimed that Obamacare would bend the cost curve downward and instead rates are skyrocketing up and the insurance companies are blaming Obama. So, the economy is horrible. Unemployment is near ten percent. The border is a mess. Afghanistan is a mess. Now, health insurance premiums are skyrocketing as a result of the very policies that Obama claimed would make them come down. To add to that, both Charlie Rangel and Maxine Waters may have their congressional trials in September. That's an unmitigated Democratic disaster. ob

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