Obama Caught Admitting His Health care Plan Designed to Eliminate Private Insurance

Now we know a little bit more about what Obama means when he says he plans to "fundamentally transform the United States of America":

Video: Obama: We are 5 days from FUNDAMENTALly transforming America

But it also goes to show that Barack Hussein Obama cannot be trusted, as he talks out of both sides of his mouth.

As this video demonstrates, he tells lies to the American people to keep us soothed and pacified while he dismantles the fruits of the American Revolution brick by brick. But behind closed doors, when he is speaking to his fellow anti-American radicals, he can be quite candid about his real plans for America:

Video:  SHOCK UNCOVERED: Obama IN HIS OWN WORDS saying His Health Care Plan will ELIMINATE private

Of course, this video is just the tip of the iceberg.  Rest assured, there will be many more to follow.  But it underscores just what kind of people we are dealing with, and further underscores the need for us to elect a president who is their true opposite:  a person who is pure of heart, where they are cynical; whose stand for the truth is firmer than their commitment to lies; who wants to build this country up more than our enemies want to tear it down; someone who has demonstrated unshakable honor and courage and determination to do what's right in the face of extreme adversity; someone who rejects Obama's drive to fundamentally transform American into a socialist dictatorship, and instead wants to fundamentally restore America's greatness.

Video:  One Nation

That person, is Sarah Palin.  Don't let her slip through your fingers, America.

Posted by Joel Schwartz at 8:33 AM - Californians4Palin

How ObamaCare Threatens Solvency Of Health Insurers

IBD Editorials ^ | August 1, 2011 | JOHN R. GRAHAM

Posted on Monday, August 01, 2011 8:39:56 PM by Kaslin

One of the most remarkable outcomes of ObamaCare is how the stock market has treated commercial health plans, which have rallied significantly.

In the two years between the 2008 and 2010 elections, the Morgan Stanley Healthcare Payors' Index rallied 26% (annualized), vs. only 9% for the S&P 500.

Outperformance increased even more since the mid-term election. Investors believe that the government guarantee of millions of customers to health plans will lead to profits. Unfortunately, this optimism is likely unfounded.

ObamaCare distributes federal grants to states that encourage their insurance departments to increase power of prior approval of premium increases.

And the coming wave of political interference will threaten health plans' very solvency. We already know that such laws do not keep a lid on health costs.

In Massachusetts, the 2006 health reform imposed a "mandate" to carry health insurance, but also to draconian limits on premium hikes.

Using the power that his counterparts in many states might soon enjoy, the state's Insurance Commissioner refused 235 of 274 requested rate hikes for April 2010, and demanded that plans rebate premiums that had already been paid.

But medical costs in Massachusetts increased faster after the new regulations than before.

Massachusetts' health plans are hemorrhaging cash, and a senior regulator has described the mess as a "train wreck."

(Excerpt) Read more at investors.com ...

Sources to: Californians4Palin, investors.com  & h/t to Jean Stoner   -  Cross-Posted to Ask Marion