Health Insurance Industry deceiving Americans accuse President Obama!
President Obama criticized insurers for running advertisements critical of Democrats’ attempts to reform the health system. Obama has made his push for a health-care reform bill that extends insurance coverage and cuts costs his top domestic priority.
The “discredited” report paid for by the industry that found a healthcare bill pending in Congress would raise insurance premiums for consumers. Pelosi pointed out.
President Obama received a boost this week when a Senate Finance panel approved its version of a reform measure with the support of Republican Senator Olympia Snowe
“Don’t let them fool you. We’re going to get this done. We’re going to fight for it,” he said at a town hall meeting in New Orleans. “This is when the insurance companies are really going to start gearing up,” he said. “Their stock went down when the Senate Finance Committee voted out that bill. Now they’re getting nervous and, by they way, they have been wildly profitable over the last decade .House of Representatives Speaker Nancy Pelosi echoed Obama
Health insurer stocks were trading lower on Thursday afternoon. The Morgan Stanley Healthcare Payor index fell 1.8 percent while the broader S&P 500 index was higher
