He could make millions!
"Choice, competition, reducing costs -- those are the things that I want to see accomplished in this health reform bill," President Obama told talk-show host Michael Smerconish last week.
The resort President Obama and his family stayed at in Martha's Vineyard cost $35,000 a week. After that pricey vacation, President Obama is going to need a way to make some money. Surely his book advances go a long way, but I'm talking about a way to make some real cash. How? By starting his own insurance company.
Why not? Last I checked, this was still a free society. As I quoted above, the president has talked repeatedly about expanding choice and increasing competition. The president asks,
Why would private insurance companies go out of business..if private insurers say that the marketplace provides the best quality health care; if they tell us that they’re offering a good deal, then why is it that the government, which they say can’t run anything, suddenly is going to drive them out of business? That’s not logical.
The main liberal website, The Huffington Post asks "Why are health insurance companies afraid of competition?"
Ah yes, the insurance companies are afraid. And the American people are afraid of more choice. But I wonder, if it's so simple to cut costs, why does the president not start his own company? Think about it: BlueCross Barack. The company would save people money, offer dirt cheap insurance, ignore preexisting conditions, save cats from trees, help granny cross the street, and do so at very little cost.
So why won't this be done? Is it because the president hates money? (His million-dollar book advances say no). Does the Huffington Post not want the responsibility? Why won't these liberals put their money where their mouth is?
Because, simply, they know this would not be profitable. People would flood in initially, but soon, things would go downhill. Hospital visits will go up. Drug prices would inflate. Premiums would skyrocket. The company would fail.
We know that this imaginary company would not be profitable because the Congressional Budget Office says this will cost well over $1 trillion. If the health care bills cost cannot be sustained just by what people pay for it, than how is it worth it?
In a competitive marketplace, the Obama health care plan would fail because it would not be profitable. So why would it be profitable for the American people?
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