MSNBC anchor asks Democrat Congresswoman about choice and competition

This is from Newsbusters.

Excerpt:

RATIGAN: So, here’s a couple of the issues that come up I would love to get your response to, and I want to show you this, and you can explain it to me. As you know, in addition to everything you just described, this does very little to bring real competition and choice into the insurance marketplace. It does very little to reform the insurance monopolies. It does very little to create more choices for everybody in America for their healthcare. But at the same time, it mandates that everybody in America face penalties if they don’t buy healthcare.

So the result of that has been the following: you know the monopoly scenario. I want you to take a look at the insurance stocks in this country on news that a bill may be passed that mandates the creation of millions of new customers but does not reform the monopoly structure. Take a look at the insurance stocks since November 17th. WellPoint up thirteen percent, that’s over a course of a few weeks, United Health up ten percent, Aetna up twelve percent, Humana up six percent. Those health insurance companies are up because being an unreformed oligopoly, monopoly, and having now the benefit of a government that is assigning the expense of covering the uninsured without reforming the monopoly. It basically allows the taxpayer to take the hit to pay for the uninsured, but it does not deal with the underlying symptom as to why there are so many uninsured, which is we have an unreformed private insurance monopoly in this country that is now being guaranteed more customers by the government. Why is that a good thing for America?

Holy snark! Please watch this! I can’t believe that this news guy is from the hard-left MSNBC network.

He is basically pointing out that government is going to force a bunch of uninsured Americans to buy the products of these medical insurers, and force ordinary productive taxpayers to pay the bill. So it’s a massive transfer of wealth from ordinary productive taxpayers to big medical insurance companies, for the benefit of Obama’s key voting groups.

2 thoughts on “MSNBC anchor asks Democrat Congresswoman about choice and competition”

  1. Capitalism may have won the battles against communism in World Wars, but obviously the war is far from over.

    You know who oppose religion? Communists!

    Communism has been growing and taking over America under her nose through Hollywood films.

    Then while Christians were procreating, the communists chose to not have kids, but instead they steal the minds of the Christian kids.

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