The president's increased desperation is evident in his arguments. Knowing that he doesn't currently have enough popular support behind his bill to coax a majority of the House into voting for it, he's resorting to nonsensical arguments he hopes will strike a populist chord. He's blaming insurance companies almost unilaterally for rising health-care costs — even though the combined annual profits of America's ten largest insurers are only $8.3 billion, which is one-seventh of what Medicare loses each year to fraud, and just 0.4 percent of the $2.5 trillion that the United States spends annually on health care. And he's claiming that Obamacare would be the answer to these higher costs — even though the Congressional Budget Office says that Obamacare would raise insurance premiums in the individual market (the part of the market he's talking about) by 10 to 13 percent, and $2,100 per family, by 2016 in relation to current law.
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