President Obama accused the insurance industry and cable news pundits of flooding the airwaves with deceptive studies and advertisements designed to sink his favored health care reforms in his Saturday-morning address, a vehicle he’s frequently used to float his most strident messages.
“Of course, like clockwork, we’ve seen folks on cable television who know better, waving these industry-funded studies in the air,” Mr. Obama said. “We’ve seen industry insiders — and their apologists — citing these studies as proof of claims that just aren’t true.”
The president went on to complain about how his opponents talk about the costs of the legislation, while ignoring other subsidies in the bill, among other things.
“It’s smoke and mirrors,” Mr. Obama said. “It’s bogus.”
“And it’s all too familiar,” he went on. “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 fact is, the insurance industry is making this last-ditch effort to stop reform even as costs continue to rise and our health care dollars continue to be poured into their profits, bonuses and administrative costs that do nothing to make us healthy — that often actually go toward figuring out how to avoid covering people.”
“And [insurers are] earning these profits and bonuses while enjoying a privileged exception from our antitrust laws, a matter that Congress is rightfully reviewing,” Mr. Obama said.