Did People Think That President Obama Had Pledged to Nationalize the Insurance Industry?

November 08, 2013

The news media have been eagerly joining in Republican attacks on President Obama for having broken his pledge that people could keep their insurance if they liked it. Of course people can keep plans in existence as of 2010, if the insurers opt to offer them. However many insurance companies have cancelled these plans because they no longer consider them profitable.

This outcome can be seen as a violation of President Obama’s pledge if people understood him as pledging to effectively take over the industry and require insurers to offer plans even if they were losing money. Is this what the media is claiming was the understanding conveyed by Obama? If so, it should tell us that the public is angry that President Obama is not nationalizing the insurance industry. (President Obama also said that people could keep their doctors. Did people think that Obama was going to prohibit doctors from retiring or dying?)

Comments

Support Cepr

APOYAR A CEPR

If you value CEPR's work, support us by making a financial contribution.

Si valora el trabajo de CEPR, apóyenos haciendo una contribución financiera.

Donate Apóyanos

Keep up with our latest news