Monday, October 26, 2009

Obama Weekly Radio Address: Insurers Are "Filling The Airwaves With Deceptive And Dishonest Ads"

Obama Weekly Radio Address: Insurers Are "Filling The Airwaves With Deceptive And Dishonest Ads"
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"The history is clear: For decades rising health care costs have unleashed havoc on families, businesses and the economy," the president said Saturday in his weekly radio and Internet address. "And for decades, whenever we have tried to reform the system, the insurance companies have done everything in their considerable power to stop us."

"It's smoke and mirrors," the president added. "It's bogus. And it's all too familiar. Every time we get close to passing reform, the insurance companies produce these phony studies as a prescription and say, 'Take one of these, and call us in a decade.' Well, not this time."

The health insurance industry released a study earlier this week concluding that the Finance Committee bill – one of five competing House and Senate health care measures – would raise premiums significantly for millions of people who already have health coverage.

The report drew intense criticism from the White House, congressional Democrats and other advocates of the bill who deemed the study a last-ditch effort to sway public opinion against the White House-backed measure.

Obama said he would not abide "those who would bend the truth or break it to score political points and stop our progress as a country." He accused the industry of "filling the airwaves with deceptive and dishonest ads," sending money and lobbyists to Capitol Hill and paying for studies "designed to mislead the American people." ...

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