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Obama speech leaves health care industry uncertain (It's simple, you're going out of business!)
google ^ | 9/10/2009 | ap

Posted on 09/10/2009 4:54:15 AM PDT by tobyhill

President Barack Obama in a televised speech to a joint session of Congress Wednesday night made clear he is sticking to his goal of health care reform, but the final impact on the health care industry is still far from certain as legislators continue the debate.

For health insurers and their shareholders, the uncertainty over reform has made for a roller coaster throughout the year, driving shares lower, then higher depending on which way the political wind blows in Washington. Stocks dove deeper than the broader market in early March, after Obama described reform as "a necessity we have to achieve." They have since mostly climbed as opposition grew in Congress to a proposed public health insurance plan that would compete with private insurers.

(Excerpt) Read more at google.com ...


TOPICS: Extended News; News/Current Events
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1 posted on 09/10/2009 4:54:15 AM PDT by tobyhill
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To: tobyhill
but the final impact on the health care industry is still far from certain

No, it's not. Not really.


2 posted on 09/10/2009 4:57:20 AM PDT by KentTrappedInLiberalSeattle (http://www.conservatives4palin.com/)
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To: tobyhill
The majority of people with a medical insurance plan get it from a non-profit organization as it is. The for-profit part of the business, though significant, simply doesn't dominate it.

Unfortunately for everyone Obama proposes putting all of our non-profit or municipally owned HMOs, PPOs, hospitals, community clinics, OUT OF BUSINESS.

He knows that too.

3 posted on 09/10/2009 4:58:28 AM PDT by muawiyah
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To: tobyhill

4 posted on 09/10/2009 5:03:18 AM PDT by humblegunner
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To: tobyhill

Where were the specifics that The Marxist Onada said he was going to share with us in his speech. Instead, we got the usual lies as to what was in the bill and the usual threats to anyone who doesn’t agree with him.

I don’t think anything was achieved by Onada last night. It was, in reality, a defensive speech that underlined Onada’s frustration over the negative response to his attempt to send this country down the failed path of socialism.


5 posted on 09/10/2009 5:04:16 AM PDT by dools007
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To: tobyhill

If Obama keeps his promise to make it illegal to deny coverage for pre-existing conditions, private health insurance will cease to exist, on the day it goes into effect.

No reasonable person would pay for health insurance while they are healthy, when they can simply wait until the become seriously ill, bring their first month’s premium to the insurer of their choice and demand their right to full coverage.


6 posted on 09/10/2009 5:07:34 AM PDT by Above My Pay Grade
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To: tobyhill

7 posted on 09/10/2009 5:13:34 AM PDT by paulycy (Screw the RACErs.)
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To: dools007
“I don’t think anything was achieved by Onada last night. It was, in reality, a defensive speech that underlined Onada’s frustration over the negative response to his attempt to send this country down the failed path of socialism.”

The thing is, he really believes this stuff (I don't mean the details of the health reform bill; I mean socialism and redistribution of wealth etc.). This is the rather simplistic and harmful world view that one comes out of higher education with these days. There is little critical thinking of a political/social science nature at the Ivies. It's group think, and is anti-intellectual, ironically.

8 posted on 09/10/2009 5:23:56 AM PDT by pieceofthepuzzle
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To: tobyhill

The goal has not changed. 0bama is pushing the socialist utopia. Part of that is single-payer health care services. This is NOT health care reform. It’s health care DEFORM.

Time to push the government back within the confines of the Constitution...


9 posted on 09/10/2009 5:28:10 AM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
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To: tobyhill
Re: Obama planning to drive certain folks out of business

Let me sort of describe my overall policy.

What I've said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else's out there.

I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.

So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.

10 posted on 09/10/2009 9:47:58 AM PDT by flowerplough ( Pennsylvania today - New New Jersey meets North West Virginia.)
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To: socialismisinsidious


Socialized Medicine aka Universal Health Care daily digest PING LIST

FReepmail me if you want to be added to or removed from this daily digest ping list (one ping per day of links to pertinent articles).




11 posted on 09/10/2009 11:52:47 AM PDT by socialismisinsidious ( The socialist income tax system turns US citizens into beggars or quitters!)
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