Fundraising: Mitt Romney-Barack Obama Lead All In Money From Health Insurance Lobby

By Gary P Jackson

Not a surprise. Mitt Romney and Barack Obama both created situations that can potentially be incredibly profitable to insurance providers. Forcing people to buy insurance, with the government picking up the tab for those who can’t afford it, means big bucks for the providers.

The campaign cash will flow to candidates who the insurance lobby knows won’t upset the apple cart.

Crony capitalism.

From Open Secrets:

As of June 30, the date of the most recent campaign finance reports, Romney edges out Obama in terms of money raised, $43,750 versus $42,675, the Center’s analysis indicates.

Both men have favored health care policies that include an individual mandate for people to purchase private insurance plans. Romney did so as governor of Massachusetts, and Obama did so as part of the health care reform package he signed into law last year — a package that did not include a public insurance option to compete against private plans, as many liberals hoped it would.

Such mandates are supported by the insurance industry, which stand to benefit from increased customers as well as from government subsidies that help enroll people who could not otherwise afford insurance.

According to the report, Rick Perry’s team hasn’t filed their campaign finance reports yet, but there are strong ties between Perry and the Texas health care lobby.

Read more here.

6 Comments

Filed under In The News, Politics

6 responses to “Fundraising: Mitt Romney-Barack Obama Lead All In Money From Health Insurance Lobby

  1. Pingback: Fundraising: Mitt Romney-Barack Obama Lead All In Money From … -Political Fund USA

  2. Pingback: Political Campaign Expert » Blog Archive » Fundraising: Mitt Romney-Barack Obama Lead All In Money From …

  3. Pingback: Fundraising: Mitt Romney-Barack Obama Lead All In Money From … « Politics And Funds

  4. Karen in Michigan

    The picture of the dems looking down on Romney says it all for me. Let it not be Romney.

  5. Looks like somethings funny? the joke is on everyone who votes for these Bums, Ron Paul has refused the pension plan gives back money every year and just seen a interview with Dylan Ratigan where Dr. Paul says the Lobbyist leave him alone because he can not be bought, limited Gov can not happen unless we end the Wars and Defend the Country, not promote a Empire, we are not the Police of the World

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