Calling out the President
Thursday, September 10th, 2009In his health care speech last night, President Obama said he would “call out” those who misrepresent his plan. Fair enough, there has been a lot of misrepresentation about health care reform legislation from those who oppose it. However, there has also been a lot of misrepresentation about this plan from the President and his allies. So, in the spirit of Pres. Obama, I’m going to “call him out” on a few of his misrepresentations last night:
“…in 34 states, 75 percent of the insurance market is controlled by five or fewer companies. In Alabama, almost 90 percent is controlled by just one company. And without competition, the price of insurance goes up and quality goes down.” – True enough. However, Pres. Obama goes on to say the remedy for this is to have the government “compete” against private insurance. How about the government allow private insurance companies to compete against each other? The reason insurance companies can dominate markets like Obama says is because the federal government enacted a law in 1945 leading to a situation where state governments impose rules and regulations on insurance companies that stifle competition. If you want more competition, Mr. President, we don’t need more rules and regulations. We don’t need a government insurance plan. We need the federal government to repeal the McCarran-Ferguson Act and allow insurance companies to compete with each other.


