THE PRESIDENT'S ALLEGIANCE IS TO THE INSURANCE INDUSTRY -- (House of Representatives - January 30, 2007)
Mr. DeFAZIO. The insurance industry is exempt from antitrust law. They can and do legally fix prices. They can and do legally discriminate. They can and do legally deny coverage because of a preexisting condition, or for no reason whatsoever. But despite the fact that 60 percent of Americans get their health care through their employers, the President wants Americans to give up that protection of group coverage and throw themselves into the unregulated and cruel world of private insurance under the guise that he cares about the 46.1 million Americans that don't have health insurance, up 6 million on his watch.
And there's one more little cruel joke hidden in here. He doesn't tell them about that tax deduction which would also allow them to take a deduction against their Social Security. For a family or a person earning $30,000 a year, it would cut their Social Security benefits in half. The President will do anything to help his friends in the insurance industry; he doesn't care much about those who are uninsured or who need help with health care.
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