"The truth is, we have a system today that works well for the insurance industry," Obama said, "but it doesn't always work well for you. So what we need, and what we will have when we pass these reforms, are health-insurance consumer protections to make sure that those who have insurance are treated fairly and insurance companies are held accountable."
That drew a quick reaction from Bob Greczyn, CEO of Blue Cross and Blue Shield of North Carolina, the state's largest insurer.
"It was disappointing that President Obama used so much of his time in North Carolina bashing insurance companies," Greczyn said in a statement. "We don't believe a government-run plan is necessary to achieve the reform Americans need."
Greczyn said the president was wrong to say that insurance companies don't cover routine care such as mammograms and colonoscopies.
Government-run health care programs in socialist countries are plagued with long wait-times and rationing of care, among other things.
UPDATE 3:00pm CDT: Pelosi is denouncing insurance companies too. Looks like a premeditated attack by the Dems.
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