Elizabeth Warren will tell you, “You didn’t build your business.”

Elizabeth Warren

Elizabeth WarrenElizabeth Warren, epitomizes progressive America.  Warren, has never worked in the private sector.  She was Special Advisor for the Consumer Financial Protection Bureau (CFPB) (2010–2011). In no small measure, because of the CFPB, there will be no more de novo banks and community banks are disappearing. I consider community banks small businesses. They can’t afford the regulatory pressures imposed by the CFPB.

Elizabeth Warren will tell you, “You didn’t build your business.”  What she fails to consider is that those of us that build businesses also pay the lion share of the taxes so ALL citizens and non-citizen’s alike in this country can enjoy our roads and bridges, including Elizabeth Warren and her progressive anti-business rhetoric.

Progressives are systematically redefining success in America. If you created a business in America, “somebody else made that happen.” If your business succeeded and if you make a good living you are now demonized by the left.  Barack Obama and Elizabeth Warren will tell you, “You didn’t build your business.” Consider the source.  In spite of all the advantages Elizabeth Warren and Barrack Obama espouse to provide for small businesses, they cater only to big government.

It is our money, our time, our family’s sacrifices and our ideas that built our businesses.  Our tax dollars built the roads, the bridges…

It’s impossible for a small business owner to fathom how a taxpayer of any party can come to the conclusion, our government builds anything without taxpayer dollars.  Liberals need to wake-up.  The government doesn’t make money, they spend it!

More recent details on Elizabeth Warren here.

Obamacare, Who’s Going to Pay for It?

BL obamacare enrollment attkissonAs of March 31, according to the Obama administration, 8 million people signed up for private insurance in the Health Insurance Marketplace, exceeding its target of 7 million. After all the lies and scandals coming from the White House who would believe that number?

In fact, the 8 million figure is overstated because it counted people who weren’t actually covered because they hadn’t paid their premiums, which Blue Cross, analysts and the government agree is in the 15 percent to 20 percent range.

The actual number of Obamacare enrollees as of March 31 was likely between 6.4 million and 6.8 million even while about 38 million uninsured are eligible for Obamacare

Estimates of how many marketplace enrollees were previously uninsured range from about one-third to more than half, depending on the survey and the methods used.

A recent Kaiser Family Foundation survey found that 43 percent of those who purchased insurance through the marketplace already had insurance.  They were shifted into the exchanges because of changes caused by Obamacare.

So fewer than 4 million newly insured shouldn’t be considered a victory for the Obama administration.

The rel victory for the Obama administration?  According to CMS estimates Medicaid will get 8.6 million new enrollees in 2014, thanks to Obamacare. Twenty-six states have expanded Medicaid, but if all did, spending by states would increase 26 percent—or $952 billion—from 2013 to 2022.  Who is going to pay for it?! true cost of obamacare

On the one hand, the CBO concluded that lower-than-expected Marketplace premiums and other recent developments will cut $104 billion from our deficit over the next 10 years.”  What they neglect to mention is that the coverage expansions in the ACA are still estimated to increase federal spending by $1.383 trillion over this same period.

While 4 million uninsured and 8.6 million new Medicaid recipients now have healthcare, the cost to taxpayers to insure them is staggering for consumers, who will pay 4 to 16% more for insurance in 2015.  In addition taxpayers will foot the 1.4 trillion dollar cost for Obamacare over the next 10 years and undoubtedly the reinsured, the millions who got booted off their policies even though they liked the policies they had for ones that they like less—that often cost more.

 

ROMNEY to OBAMA in 2012 Presidential debate: “you don’t just pick the winners and losers, you pick the losers”

ROMNEY to OBAMA in 2012 Presidential debate: “…you don’t just pick the winners and losers, you pick the losers…”

romney

Romney – click on Romney to hear video

Romney said i n the debate, “And in one year you provided $90 billion in breaks to the green energy world. Now, I like green energy as well, but that’s about 50 year’s worth of what oil and gas receives and you say Exxon Mobil, actually this $2.8 billion goes to small companies, to drilling operators and so forth. If we get the tax rate from 35% to 25%, why that $2.8 billion is on the table.  Of course it’s on the table. That’s probably not going to survive to get the rate down to 25% but don’t forget, you put $90 billion, like 50 years worth of breaks into solar and wind to solar and wind, to Solyndra and Fisker and Tesla and I had a friend who said you don’t just pick the winners and losers, you pick the losers. This is not the kind of policy you want to have to get America energy secure.

While the Obama Administration’s Eric Holder and the DOJ is investigating an illegal $20,000 contribution by Dinesh D’Souza, fierce critic of the President, who has been indicted the Justice Department, you might wonder why the DOJ doesn’t investigate how millions in green energy money got funneled back into Obama’s reelection campaign?

President Obama’s taxpayer-funded trillion-dollar spending spree –– spent over $90 billion earmarked for clean energy.

Harry Reid “led the passage of the $814 billion stimulus bill and worked to include the loan guarantee program to help finance clean-energy projects.

Now the Obama Administration Is Taking Another GO at the FAILED Program That Funded Solyndra.  This must be stopped!

Here is Obama’s GREENTECH FAIL list WHICH HAS LAID WASTE ON TAXPAYER DOLLARS!!!

37. NEW – With the news of another tragic FAIL, Abengoa which received a $1.4 billion loan guarantee in 2010 to build one of the world’s largest parabolic trough solar plants near Phoenix, Ariz.  The following year it received another $1.2 billion in loan guarantees to build another solar plant in California’s Mojave Desert.  The following year it received another $1.2 billion in loan guarantees to build another solar plant in California’s Mojave Desert.

36. NEW – Smith Electric Vehicles – Despite $32 million in federal stimulus funds and status as one of Obama’s favorite “green” companies, the firm has halted production, having built just 439 of the promised 510 vehicles.  Bright Automotive (electric delivery vans)Carbon Motors (clean diesel-powered police cars)Aptera Motors (three-wheeled electric cars)Coda Automotive (inexpensive electric sedans), all bankrupt or near bankruptcy, applied for Government funds but didn’t win the lottery.  Tesla Motors, on the other hand has met with growing success.

35. Ecotality, an electric car charger maker, who won a $99.8 million grant from the U.S. Department of Energy four years ago filed for bankruptcy.

34.  GreenTech Automotive is owned by Capital Wealth Holdings, an investment company incorporated in the tax haven, the British Virgin Islands.  GreenTech president and Chinese businessman, Charles Wang, owns the investment company.  Wang is an expert on the EB-5 visa program and has coached other U.S. companies on how to effectively make use of it.  Virginia Governor, Terry McAuliffe is involved in electric car company.  The U.S. Securities and Exchange commission currently is investigating GreenTech’s use of the federal EB-5 visa-investor program, which raises funds from foreign nationals in exchange for U.S. green cards.

33. A $50-million loan previously award to Vehicle Production Group LLC (VPG)through the Advanced Technology Vehicles Manufacturing loan program (ATVMP) has gone unpaid. VPG, a maker of compressed natural gas-powered wheelchair-accessible vans, shut its doors in May after running out of cash.

32. SoloPower, the startup pitched as the most innovative player in Oregon solar manufacturing, will suspend its Portland operations.  State officials, too, were working to get in touch with the company, which has received a $10 million loan and a $20 million tax credit.  It also is in line for a $197 million federal loan, meant to help fund later stages of growth.

31. Rentech Incorporated For most of its 33-year history, Rentech Inc. tried to make money on green fuel development. But like its plans to sell synthetic diesel to major airlines in 2009, those efforts never really left the ground.  Rentech received $23 million from the DOE for a Colorado refinery turn wood into fuel.

30. SunTech Power, a China owned solar company struggling from a downturn in photovoltaic solar panels, benefited from a combined $84 million in Energy Department tax credits.

29. SolarWorld, a German company received more than $100 million in state and local tax incentives – only to see companies like SolarWorld in Hillsboro and SoloPower in Portland struggle in the wake of fierce competition, especially from Chinese companies. Source: Oregon bet big on this emerging technology

28. VESTAS, A Danish wind turbine company whose subsidiaries received over $50 million in U.S. stimulus dollars. Vestas also reported a net loss of 62 million euros, or $83 million, for the second quarter, compared with a loss of 8 million euros in last year’s comparable period. Revenue declined to 1.2 billion euros, compared with 1.6 billion euros a year earlier.

27. COMPACT POWER Plant that received $150M in taxpayer money to make Volt batteries furloughs workers.

26. CH2M HILL, is embroiled in atime card fraud scheme that took place between 1999 and 2008 when CH2M was servicing a DOE contract worth $2.2 billion, and at the beginning of 2013, it was discovered that CH2M HILL Plateau Remediation Company (CHPRC) “provided inaccurate cost data to support a multi-billion-dollar federal nuclear waste cleanup contract, “reported the Washington Free Beacon. Despite their history of legal and workplace safety violations, in 2009 an additional $1.3 billion was awarded to a different CH2M subsidiary to go toward the Hanford cleanup.

25. Bankrupt Amonix.

24. Bankrupt Babcock & Brown.

23. Bankrupt A123 Systems.

22. Bankrupt EASTERN ENERGY

21.Near Bankrupt 5N Plus The State of Wisconsin handed over $500 thousand to a Canadian company to open a solar panel recycling plant near De Forest.

20. BANKRUPT Fisker Automotive–was awarded a $529 million loan under an Obama admin program designed to spur production of advanced tech.  Fisker drew about $193 million of the Energy Department loan to engineer its Karma luxury plug-in hybrid. AL GORE!  Now the Chinese benefit from our hard earned taxpayer dollars!!!

19. BRIGHTSOURCE — President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company.

18. Bankrupt Solar Trust for America.

17. Bankrupt Energy Conversion Devices.

16. Bankrupt Raser Technologies.

15. Bankrupt First Solar – of course GE’s in the mix.

14. Bankrupt NEVADA N.G.P.

13. ENN Mojave Energy LLC – linked to Harry Reid,

12. Bankrupt Ener1—

11. Tonopah Solar – linked to Harry Reid, Nancy Pelosi and Crescent Dunes

These 10 failed projects ALONE, cost $3.4 billion in taxpayer funds AND COUNTING!

10. Bankrupt SolarReserve,

9. Bankrupt Beacon Power,

8. Bankrupt Geo Thermal,

7. Bankrupt Sempra Energy

6. Bankrupt Evergreen Solar, Inc.

5. Bankrupt SpectraWatt

4. Bankrupt the Crescent Dunes Solar Energy Project.

3. Bankrupt Abound Solar of Loveland, Co. $400 million from Obama

2. Bankrupt SunPower: Twice As Bad As Solyndra.

1. Bankrupt SOLYNDRA

Families will have less disposable income as they spend more to light and heat their homes, with seniors, families on fixed incomes and lower-income Americans being hit the hardest.

NOTE:  I agree much needs to be done (more practical examples abound, like passive shading) regarding pollution and the reduction of CO2 emissions but this post  is about pure politics, corruption and an abusive waste of taxpayer money.  I am not a climate change denier so don’t report me to the good professor.  I still do believe the jury is out on the all the reasons climate change advocates attribute to climate change.  Rather than panic and spend billions MORE of taxpayer dollars on failed Greentech technology, I believe in a pragmatic, limited government approach, such as that espoused by Bjørn Lomborg, author of The Skeptical Environmentalist and Cool It, to lower CO2 emissions.  I believe existing and new technology such as driverless cars will do much more to reduce emissions than government backed wind and solar.  Let the private sector do it’s job, which is to innovate, create jobs and grow the economy.  Let government get out of the way.

You Cannot Govern Leadership

individualism

While small business owners are putting up their houses and their life savings to survive, to cash flow their business, to hire employees, President Obama was and still is, greasing the palms of his political donors in the name of greentech failures, spending billions of our taxpayer dollars.

The alarming failure of big government was never more evident than when President Obama publicly and carelessly joked about a trillion dollars (stimulus (taxpayer) money) wasted on “Shovel-Ready Was Not As Shovel-Ready As We Expected.”  Where was the red flag then?  Where is the red flag now?

The only hope I see for this country is individual responsibility, and leadership that creates prosperity, not big government. You cannot govern leadership.   Today individual responsibility, leadership, and American exceptionalism are too often political talking points and empty words. When individual leadership fails, or fails to materialize, it creates dependency.

Leonardo da Vinci said it 480 years ago and he said it in Italian. Here is the clearest translation:  “People of accomplishment rarely sit back and let things happen to them. They go out and happen to things.”

I don’t do what you’re passionate about, but be passionate about what you do.  Don’t follow your passion.  Let your passion follow you.  That’s leadership.

As a small business owner after 25 years it has been my experience, the most important life decisions you make, have to be made on your own.  I built my business and leadership is key.

Others will pontificate as to what a leader is, what a leader must do and how a leader must act.  I don’t have time for all that and neither do you.  The best way to find out if you are a leader is to deal with life’s biggest challenges when it comes to crunch time.

Decide on your own and act accordingly.  You’ll no doubt get plenty of advice, but no one is going to know better than you, what to do.  You are better qualified than anyone or anything to make the decisions that affect you personally and those who depend on you.

There’s a disturbing trend in our day-to-day lives towards dependency on others, big institutions, big labor and big government.  Sweat equity has been replaced by entitlement equity.  People measure success based on what they can get, not what they can give.  

A major new study by Harvard economist Raj Chetty, however, shows things haven’t changed all that much. “Children entering the labor market today have the same chances of moving up in the income distribution relative to their parents as children born in the 1970s,” it finds.  “That doesn’t mean politicians can’t improve people’s chances of rising. It’s just that the best way they can do so is by getting out of the way.”  The Foundry

The problem is the more you lean on the government, the more your life depends on government.  You are governed by more  laws, more regulations and more public policy today than ever before.  Who you become, what you do, and how you do it, is shaped by public opinion and the mainstream media.

In this new era influenced by mass media and public opinion, big government is their divined solution to all your problems.  American exceptionalism, entrepreneurship and the multitude of small business success stories that built a thriving post WWII economy, are too often ignored, discounted and discouraged with crippling regulation and  laws that are the new normal.

What if a typical family spent like government?

What if a typical family spent like government?

Individualism and leadership are sorely needed.  People, not big government, can make a difference.  You and I need to step up to the plate.  Our country’s in peril as is our next generation.  Take on the career politicians who have created roadblocks to personal responsibility and leadership.  Our country is on the line. Vote them out in 2014 and 2016.

Career politicians passing laws that control our lives severely curtail the entrepreneurial spirit and small business startups, the little engine that could, that should and does grow the economy.   Consider the cost of healthcare has virtually doubled for small businesses in the past 5 years.  

Entrepreneurs are the lifeblood of free enterprise. Their heart is beating for their next customer, for their fellow employees and their families.  Their soul is intact.  They epitomize what comprises the backbone of our country, small business.  In their shadows are the real leaders, the chief cooks and bottle washers; the real risk takers that stand behind their champions, small business owners.  Small business owners are essential to the future success of the US economy.

Entrepreneurs are not the only leaders.  Leaders are people I see when I come to work before dawn.  I see them after dusk, when darkness settles.  They are resourceful.  They don’t think twice.  If you say something to them about the long hours they keep, they will readily commiserate with you, complain if you will, but there is a sense of pride in their voice.  There is a smile on their face.  These hard working people who are the heart and soul of the US economy.

In an atmosphere where people lean more on government, blame others and institutions for their circumstance, we need more leaders. Whether you are a parent, employee, small business owner or CEO of a multi-billion dollar corporation; people depend on you for guidance.  You are accountable for the success or failure of others.  You have to make decisions that affect other people for better or for worse. 

In business or in your personal life, when the time comes, no one will make the important decisions for you.  Don’t get me wrong.  You will get plenty of advice.  “If I were you…” “You should…”  “You could…” “You might…” Later on, after the decision has been made, you will summarily receive the same words, only in a different context.  “If it were me…” “I would have…”  I could have…”  “I would have… Draw on your own experience.  Make your own decisions.

The most important decisions you can make, are made by you alone.  That’s leadership.  You can change the world, change you can believe in.

Free Stuff

free stuffAnonymous email.  Makes sense to me.

The folks who are getting the free stuff don’t like the folks who are paying for the free stuff, because the folks who are paying for the free stuff can no longer afford to pay for both the free stuff and their own stuff.  And the folks who are paying for the free stuff want the free stuff to stop.  And the folks who are getting the free stuff want even more free stuff on top of the free stuff they are already getting!

Now… the people who are forcing the people who PAY for the free stuff have told the people who are RECEIVING the free stuff that the people who are PAYING for the free stuff are being mean, prejudiced, and racist.  So… the people who are GETTING the free stuff have been convinced they need to hate the people who are paying for the free stuff by the people who are forcing some people to pay for their free stuff and giving them the free stuff in the first place.  We have let the free stuff giving go on for so long that there are now more people getting free stuff than paying for the free stuff.

Now understand this.  All great democracies have committed financial suicide somewhere between 200 and 250 years after being founded. The reason?  The voters figured out they could vote themselves money from the treasury by electing people who promised to give them money from the treasury in exchange for electing them. The United States officially became a Republic in 1776, that’s  236 years ago. The number of people now getting free stuff outnumbers the people paying for the free stuff (as of just a few months ago).  Failure to change that spells the end of the United States as we know it.

Source: Unknown

$37.7 Billion in Foreign Aid in 2012

2012 Foreign Aid

2012 Foreign Aid

Tom Coburn’s $30B Wastebook was publicized recently.  What about foreign aid as a form of big government waste?  This infographic is a representation of where we are  “investing” $37.7B in foreign aid abroad in 2012.  It “appears” to make some sense, but foreign aid has always been a sore spot with many people.

Why not reinvest foreign aid money right here at home on our highways and bridges?  Why give aid to countries run by dictators, who pocket the millions and billions we give them?  What about giving piles of money to countries that hate us?  Will they use it against us?

Here are some of the more acute reader responses to the article from the Blaze

R1: First and foremost from an accounting standpoint this figure is woefully low as it does not break out the aid provided through the DOD and State Department. Second, there has never been good reason to provide charity/aid to countries like Israel and other developed countries. In fact we should be charging them for military assistance and military support in the region.  The US has to get dollars out into the rest of the world to maintain the global reserve status, if they don’t global economies get starved of liquidity and they will reject the US dollar as the global reserve…

R2: The US has to get dollars out into the rest of the world to maintain the global reserve status, if they don’t global economies get starved of liquidity and they will reject the US dollar as the global reserve..

It sounds crazy, but everything is not as you think… the US military, foreign policy, energy policy has one primary goal, “maintain the US dollar as the global reserve” if that is threatened, it is a threat to the US financial system and its stability. The “ponzi” needs to keep the money/debt liquidity game going.

Don’t worry the debt can’t and never will be paid…

R2: It sounds crazy, but everything is not as you think… the US military, foreign policy, energy policy has one primary goal, “maintain the US dollar as the global reserve” if that is threatened, it is a threat to the US financial system and its stability. The “ponzi” needs to keep the money/debt liquidity game going.  Don’t worry the debt can’t and never will be paid…

R3: The constitutional authority to remove, via tax, a citizens funds to be transferred to foreign citizens, organizations or governments? I can see “some” for domestic assistance for Americans, none for foreign.  I also see no prevention of any American privately providing assistance to foreign interests. How does funds removed under threat of jail, asset seizure, fine given to others display a generous populous ? “Only” 1%…yea well we have 20 or so “only” x%…those who can… ADD.  I assume the billions in indirect aid via the multiple standing armies we have worldwide are excluded…of course…that’s different. Meanwhile Vets at home have one horror story after another…less than 1% I guess. The world doesn’t hate us, but they are tired of hearing how much better we are than they are… wouldn’t you? You know that guy that makes the TD catch then stands there pounding his chest about how great he is? We have turned into that guy. If you feel a need to even mention you are “exceptional”…you most certainly are not.

R4: The world hates the U.S.A. because all of our “aid” goes to FATTEN-UP SLAVE-WORLD DICTATORS and guess-what…. what little aid actually gets to their “people” REPLACES all normal ACTUAL food production.”OH, NOW WE DO NOT HAVE TO GROW ANY FOOD. WE GET PAID U.S.A. TAX MONEY NOT TO !! Plus the DICTATORS tell their SLAVES/peons “Guess-what— all the food sent by the enemy is poison!!!” Then the DICTATORS eat the food and sell the rest on the BLACK MARKET!!

My “Lousy” Health Insurance Plan

President Obama’s November 14, 2013, news conference on healthcare, was nothing more than him trying to save face by putting a presidential spin on something that has clearly spun out of control.  Mr. Obama’s spin could sound good for those unaware of how things really work with insurance and state insurance plan filings.

Mr. Obama’s come under fire for lying to the American people with his now infamous sound bite: “You can keep your doctor and your health plan.”  We’ve all heard it.  When that didn’t come to fruition on October 1, 2013 (the launching date for ObamadoesntCare), Obama and his spokespeople tried to spin the spin with another sound bite: “well if you had a lousy plan, your insurance company cancelled it” and boy did the people eat that up, giving consumers the impression they have Lousy insurance, which is contrary to:  “If you like your insurance plan you can keep it” promise.

Rosello Insurance Companies

But don’t fret, Mr. Obama has changed his position yet again and is now “allowing” us to keep our “lousy” insurance plan for at least another year. What’s the difference between the POTUS and an insurance salesman?  The POTUS knows he’s lying!

Well let me relate a personal horror story with the latest example of an Obama labeled “Lousy” insurance plan (which has become a reality for many Americans around the country).  We are now a statistic with the other 5,518,000 insured’s who’s insurance plans are being cancelled and losing our coverage.

As an Independent Agent, we represent a number of different insurance companies writing health insurance for small and medium businesses in Florida.  Our own agency group health insurance plan is presently written through United Healthcare.   Here is a brief description of what Obama defines as a “Lousy Insurance Plan” since United Healthcare is discontinuing/cancelling/terminating:

My Current Plan that was canceled due to ObamadoesntCare: ACA Approved Insurance Company Proposed Replacement Plan: Now when I attended school, we learned under old math:
$1,000  In-Network Deductible $1,700  In-Network Deductible $1,700 deductible is 70% higher than a $1,000 deductible
100% Co-insurance after the deductible 80% Coinsurance after the deductible
 $1,000 total out-of-pocket expense for the year $4,000 Out-of-Pocket expense $4,000 Out-of-Pocket Expense is 400% higher than a $1,000 Out-of-Pocket
$25 Primary Care doctor office co-pay & $30 Primary Care Doctor office co-pay $30 doctor copay is 20% higher than a $25 copay
$50 copay for a Specialist visit $70 copay for Specialists $70 Specialist copay is 40% higher than a $50 copay
Remember this is what Barack Hussein Obama refers to as a “Lousy Plan” in an attempt to cover his tracks from his “You can keep your health plan” sound bites. Group monthly savings for the “Replacement Plan” =  $158  per month Save $444 per year in premiums and pay more than $3,000 in out-of-pocket expenses per year

My out-of-pocket expense will sky rocket under the replacement plan, costing me thousands of dollars more per year.  Hey, but at least my individual monthly premium savings will be $60 per month or $720 for the year.  What an investment, save $720 per year in premiums and pay more than $3,000 in out-of-pocket expenses per year.

So much for the “Lousy Plan”.   Wonder if things could sound better if we can use the new politically correct Common Core mathematics equations, and see if we could arrive at percentages for the massive out-of-pocket increase, that would seem a bit more palatable, giving the appearance that $720 annual premium savings, is much better than having to pay more than $3,000 out-of-pocket expense?

My money is on Mr. Obama laying blame on insurance companies for cancelling health insurance plans (having to comply with ObamadoesntCare rules and regs) and Obama will double down on the “LOUSY” Plan narrative.  When Americans learn insurance companies cannot go back and reinstate those discontinued insurance policies because of state laws, it will be the evil insurance companies fault and not the genius in the White House (and I’m not talking about Valerie Jarrett or Jay Carney).

Sadly, the President’s Executive Order does absolutely nothing (but makes for a great sound bite – something Mr. Obama seems to be good at) for the 3 million people who have already lost their health plan, which is 2,924,000 more than enrolled in ObamadoesntCare for the same time period.  Insurance companies cannot do anything to remedy except re-file and unless the states are put on notice to streamline and approve the re-filings, it will take months upon months for the re-filings to get to the consumer.

Good news for Floridians, the state insurance commissioner will comply with the executive order and reinstate the cancelled policies.  However, I believe 9 states, including the State of California, have indicated stated they will not be reinstating cancelled health insurance plans. So much for being able to “keep your health plan”.  In the meantime, Obama will have the luxury of telling Americans he’s doing all he can (such as bypassing Congress and issuing Executive Orders) and insurance companies are just not responding fast enough and this has been the problem with insurance.

Obama and the Democratic Party have managed to dismantle and throw into chaos, a healthcare delivery system that successfully covered 85% of Americans, in order to cover 15% of the uninsured. 

Obamacare regulations 3-12-2013

Could health insurance companies have tweaked health insurance plans and made them better, absolutely.  They could have done it without the federal government issuing 3,000 new pages of laws and spending billions of taxpayer money by getting into the health insurance business!  Billions of dollars of taxpayer money the United States does not have!

Ideally, allowing business to purchase health insurance policies on an association basis and across state lines, would have helped increase the purchasing power for small business around the country.  But purchasing insurance through an Association and breaking down state barriers is a threat to the federal government’s quest to socializing America’s health insurance delivery system.

Being able to broaden the purchasing power of business, as labor unions are allowed, would have given business the opportunity to bring insurance rates down and to cover more of the 15% of the uninsured having a hard time qualifying for insurance.  Labor unions have the luxury and privilege to purchase their insurance across state lines, pooling union members.  Business is not allowed the same privilege.

It’s clear, Mr. Obama’s goal is to have the federal government takeover 1/6 of the U.S. economy.   There was no reason for the federal government to spend over $600 million of taxpayer money in reinventing the wheel, when insurance companies were already set up to underwrite and deliver insurance.  I cannot reiterate enough; the federal government disrupted and has ascended the U.S. Healthcare system into chaos to cover 15% of the uninsured, while inconveniencing 85% of covered Americans! Why?  It makes absolutely no sense!

Tom Rossello
tom@fmi-ins.com
 Florida Independent Insurance Agent
%d bloggers like this: