Tuesday, March 09, 2010

One Percent, Day Thirteen: The Health Care Proposal Even Helps Insurance Companies.

What's this about? Click here.

Not that they need it -- insurance companies earn enough to pay their CEOs 10s of millions of dollars - -but ObamaCare is going to help the insurance companies, too: His proposal will provide extra funding for health care to people making between $29,000 and $88,000. The plan would pay anywhere from 70% to 94% of the health care costs for those families.

My question is this: if insurance companies, under the plan, will not only be the beneficiaries of the requirement that everyone buy insurance, but will also get government assistance to make sure the less-well-off can pay for the insurance they'll be required to buy, why are insurance companies opposing this plan?

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