Forget the death panel stuff -- Karl Rove may have hit on a scare tactic that could really
get people angry about a government takeover of health care.
In one paragraph in his latest Wall Street Journal column
, Rove wonders which industries might be next to face President Obama's criticism of health insurance profits. Here's the key quote, with emphasis added:
Mr. Obama's dig at profits reveals a certain disdain for markets. Health insurers have a 3.3% profit margin, less than the 4.6% average for all businesses in the country. Drug companies do enjoy, on average, a 17% profit margin. But that's still less than software companies, which earn on average a 22% profit margin. Brewers make 18%. Are these industries the next targets for a revenue hungry Obama administration?
Sure, Obama can pull the plug on grandma -- but if our freedom is threatened on beer
, he can count on losing a whole lot of swing states!