Obama-Pelosi-Reid Administrations health care takeover

So, the almighty government, which specializes in $15,000 toilet seats and $2500 hammers, wants to take over the healthcare industry?

The Obama-Pelosi-Reid Administration’s 2,032-page health care reform bill (HR3962) and supplement(HR3961) are a 19 ½ pound pair of documents, entitled ”Affordable Health Care For Americans Act,” will cost taxpayers over $1.2 Trillion, will institute;

  • 13 tax increases totaling $740 Billion
  • Increase Medicare Premiums to Seniors by $70 Billion
  • Will cost shift $34 Billion to State budgets
  • Will cut Medicare benefits to Seniors by $426 Billion over ten years
  • Speaker Pelosi’s 2,032-page government takeover of health care states on line 16, page 96, section 213, under “Insurance Rating Rules.” that a monthly abortion premium will be charged of all enrollees in the government-run plan.

    Lets look at some history, and some facts;

  • Annual Medicare fraud: $60 Billion
  • Annual profits of the top ten insurance companies combined: $8 billion
  • 2008 financial statements for the top 5:

  • UnitedHealth (revenue: $81.19b / profit: $2.98b [3.6%])
  • WellPoint (revenue: $61.6b / profit: $2.49b [4%])
  • Aetna (revenue: $31.6b / profit: $1.38b [4.3%])
  • Humana (revenue: $28.9b / profit: $0.64b [2.2%])
  • Cigna (revenue: $19.1b / profit: $0.29b [1.5%] after $0.66b in run-off losses)