President Obama slammed the insurance industry today in his latest attack on private industry.
The Hill reported:
As the Senate prepares for a final round of votes on its healthcare reform bill, President Barack Obama chastised the insurance industry for its lobbying against the legislation.
In his weekly address Saturday, Obama extolled the virtues of the bill for the various protections it would provide for Americans in their health insurance coverage. He also called for an up and down vote on the legislation. Senate Majority Leader Harry Reid (D-Nev.) has struggled to find the necessary 60 votes to beat back a filibuster, which Obama blamed on the insurance companies’ heavy lobbying.
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“They’re spending millions of dollars to kill health insurance reform, just like they’ve done so many times before. They want to preserve a system that works better for the insurance industry than it does for the American people,” Obama said in his address.
For the record… Congressional raises topped insurance company profits last year.
And, the average pay for federal workers is $71K per year while the average pay in the private sector is $40K per year.