posted on Oct, 19 2009 @ 10:52 AM
reply to post by marg6043
I respectfully disagree with your analysis of what is taking place. This is the same process as was used by the credit card companies. Obama
announced a cap on interest rates and fees -- prior to that legislation even being written, the credit card companies raised their rates unilaterally.
I know -- my rate went from 7.9% to 24.99% in one fell swoop. Before you even try to assume it was my fault -- their reason was: The value of your
house has decreased and therefore your overall net worth has decreased making you a greater risk for default. I had not paid late, missed a payment,
charged a large amount, or anything of the sort.
It's called a preemptive strike.
The insurance companies are raising their rates in anticipation
of healthcare reform being passed. It's a win-win for them if it doesn't
pass -- they will have risen their rates for naught -- yet we continue to pay.
What does Obama get out of this?
He gets to further shake the naughty stick at the insurance company and pitch his "the government is your only hope" mantra,
It's been used time and time again -- Obama threatens us with total devastation unless we do exactly what he wants.
This is exactly that same tactic.