President says that major industries will fight hard to preserve their profits
WASHINGTON - President Barack Obama said an overhaul of the U.S. health care system is closer than ever, but he warned of tough battles ahead as major industries such as insurance companies fight hard to preserve their profits.
Obama made his remarks Monday night at a pair of Democratic Party fundraisers in Miami.
He spoke a few hours after Senate leaders endorsed legislation that would add a government-run health insurance plan for Americans, with states having the right to opt out. Obama did not mention the Senate action, but he predicted success in realizing his top domestic policy priority.
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3 comments:
The insurance industrys' profiy margin was found yo ne a whopping 2.2 percent ny fortune 500 magazine. This places it at 33 rd on the list for profitability.
Obama and the rest of the democrats are a bunch of idiots!
Yet another step in the Obama Marxist program. Destroy capitalism and have everything owned by a collective.
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