Sebelius: Obamacare Strategy is to Reduce Company Profits

The FOX Nation ^ | 3/24/10 | melwFN

[backwoods-engineer]

Indeed it is, Ms. Sebelius, especially for insurance companies. For years, insurance companies have been operating on rules set up by the state & fed governments, mandating that they split their premium income 65% for paying claims and 45% for overhead & other. The new law Obama signed (in Sec 123(d)(5)(a)) forces insurance companies to live with an 85%/15% ratio of claims to overhead. What major business can live on 15% of income for overhead?

[Protect the Bill of Rights]

I posted this article on this thread:
http://www.freerepublic.com/focus/news/2477766/posts?page=3#3 yesterday..relevant here

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I ran across this old article (1995). Worth a reread. Obama’s agenda through loud and clear. Plenty of anti-white, anti-evangelical, anti-individual rhetoric in the article. (hidden behind his psuedo-intellectual, smart people’s words)
http://www1.chicagoreader.com/obama/951208/
What Makes Obama Run?

Lawyer, teacher, philanthropist, and author Barack Obama doesn’t need another career. But he’s entering politics to get back to his true passion—community organization.

By Hank De Zutter
December 8, 1995

When Barack Obama returned to Chicago in 1991 after three brilliant years at Harvard Law School, he didn’t like what he saw. The former community activist, then 30, had come fresh from a term as president of the prestigious Harvard Law Review, a position he was the first African-American to hold. Now he was ready to continue his battle to organize Chicago’s black neighborhoods. But the state of the city muted his exuberance.

“Upon my return to Chicago,” he would write in the epilogue to his recently published memoir, Dreams From My Father, “I would find the signs of decay accelerated throughout the South Side—the neighborhoods shabbier, the children edgier and less restrained, more middle-class families heading out to the suburbs, the jails bursting with glowering youth, my brothers without prospects. All too rarely do I hear people asking just what it is that we’ve done to make so many children’s hearts so hard, or what collectively we might do to right their moral compass—what values we must live by. Instead I see us doing what we’ve always done—pretending that these children are somehow not our own.”

(excerpt)

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re: ...pretending that these children are somehow not our own...
Interesting choice of words. Wonder if Mama, Grandma & Grandpa pretended he was not “one of them.”