The national press would have you believe that the Obama administration only wants to improve the lives of all Americans. They want 46 million uninsured to have access to the same health care that employed Americans enjoy.

Unfortunately, greedy insurance companies have intervened to thwart the public good for unjust profits. Is this the case? No, it is a complete fabrication of the facts. In the world of medical insurance, the field has consolidated over the years. Many companies which offered coverage have quit the business because they couldn’t make a decent return.

Metropolitan Life, Prudential, Travelers, General American, American Medical Security, Wausau, Guardian, Mutual of Omaha, Phoenix Home Life and New York Life stopped offering medical insurance because it was not profitable.

If congress passes the “public option,” you will see other companies join the exodus since they will not be able to compete with their own government. Even though the federal government has such an overwhelming advantage, they are pulling out all the stops by making outrageous claims to pass health care legislation. The latest tactic was to order a halt to insurance company Medicare mailings to their clients. The Obama administration has publicly stated they would cut Medicare by $500 billion.

So why not let seniors know the truth? Specifically at issue are benefits for more than 11 million seniors enrolled in private insurance plans through a popular program called Medicare Advantage. The administration says, “The insurance industry is determined to block the proposed cuts which would lead to lower profits for the insurance industry and higher costs and fewer benefits for seniors in private plans.”

The truth is AARP, a long-time supporter of President Obama much to the dislike of its membership, does not offer Medicare Advantage and wants it shut down for no other reason but their own profit. I thought those greedy words only belonged to Republican constituents? Another attempt to “pull the wool” over senior eyes is the president’s desire to send every Social Security recipient a $250 check, since under Social Security’s cost of living formula there will be no automatic increase next year.

The administration and AARP “have been fanning seniors anxiety and hope.” They want you to contact your legislator and demand this extra financial help. In an editorial, the Wall Street Journal comments, “This $250 gambit also underscores the dishonesty behind the budget math propping up Obama Care. Democrats are claiming that half of the new entitlements outlay will be paid for with Medicare cuts in future years. But if Democrats can’t tolerate a zero COLA for one year in Social Security, how in the world are they going to bless $500 billion in cuts to doctors, hospitals and other Medicare reimbursements?” These $250 checks are really bribes to a large group of Americans who have opposed Obama Care.

Unfortunately, when you have an administration that does not understand the markets or business, the likelihood of years of economic malaise is very real. This business about greedy bankers unwilling to lend is another dishonest comment by the Obama Administration. The reason there is poor loan growth is people and companies are not borrowing with 10 percent unemployment and no clear picture on how bad President Obama will make things. Who is going to accept more risk?

A year from now Blue Cross and Community Care could be out of business through the Obama Care “robust public option.” Banks might close because of higher capital requirements and multi-year FDIC insurance being imposed upon them.

Oklahoma’s oil and gas industry could be half as large as a result of “cap and trade” legislation.

Now, the question is, do you still want to bet on the future President Obama has planned for you?

Do you want to buy a Florida condo when you might not have a job?

Who can plan their lives with the types who are running the country?

Unfortunately, most people are learning your new government could care less about your hopes and dreams.

This entry was posted on Thursday, November 19th, 2009 and is filed under Columns.