Comments on: VP Biden Says Obama Plans to ‘Control Insurance Companies’

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By: Where in the World Is Barack? « Frugal Café Blog Zone

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Sat, 27 Mar 2010 15:20:57 +0000

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By: robert jones

robert jones — Thu, 25 Mar 2010 02:30:50 +0000

this administration intends to control the insurance industry???…NO SHIT!!!…and it wont be the last industry ustry they will try to take over…we now have a dictatorship of the democrat party.

By: WLR

WLR — Mon, 22 Mar 2010 12:25:06 +0000

Nonsense! Obama does not want to control the insurance companies. There will be no government take over. Insurance companies will be free to do business as usual. All the Government will do is:
- Mandate what their policies will cover.
- Mandate to whom they must sell these policies.
- Intervene if the price is too high.
- Regulate executive pay.

And finally, if ("if??") the insurance companies start to go bankrupt, Government will bail them out. Of course, Government will mandate how the bail out money is to be spent and will probably want controlling stock………

By: timmamok

timmamok — Mon, 22 Mar 2010 05:16:40 +0000

corporation – ya, I know I'm a bad speller.